National Security Group (NASDAQ:NSEC) Downgraded by ValuEngine to “Sell”

National Security Group (NASDAQ:NSEC) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Friday, ValuEngine reports.

National Security Group stock opened at $15.80 on Friday. The stock has a market capitalization of $39.59 million and a price-to-earnings ratio of 31.92. National Security Group has a 52-week low of $10.01 and a 52-week high of $15.99. The stock’s 50 day moving average price is $14.42 and its two-hundred day moving average price is $12.42. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28.

National Security Group (NASDAQ:NSEC) last posted its quarterly earnings results on Wednesday, November 13th. The insurance provider reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $16.23 million for the quarter. National Security Group had a return on equity of 2.47% and a net margin of 1.86%.

In other National Security Group news, major shareholder Andrew J. Abernathey purchased 5,109 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were purchased at an average cost of $15.50 per share, for a total transaction of $79,189.50. Also, major shareholder Andrew J. Abernathey purchased 2,182 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were acquired at an average price of $14.99 per share, for a total transaction of $32,708.18. The disclosure for this purchase can be found here. Insiders have acquired a total of 21,461 shares of company stock worth $312,635 over the last 90 days. Company insiders own 38.18% of the company’s stock.

An institutional investor recently bought a new position in National Security Group stock. RFG Advisory LLC bought a new position in shares of National Security Group Inc (NASDAQ:NSEC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,318 shares of the insurance provider’s stock, valued at approximately $184,000. RFG Advisory LLC owned 0.61% of National Security Group as of its most recent SEC filing. Institutional investors own 2.37% of the company’s stock.

National Security Group Company Profile

The National Security Group, Inc, an insurance holding company, provides insurance products and services in the United States. The company operates in two segments, Property and Casualty Insurance, and Life Insurance. The Property and Casualty Insurance segment primarily underwrites home insurance coverage with primary lines of business consisting of dwelling fire and extended coverage, mobile homeowners, and other liability insurance services in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Oklahoma, South Carolina, Tennessee, and West Virginia, as well as operates on a surplus lines basis in the state of Louisiana.

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