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Last $28.60 USD
Change Today +0.09 / 0.32%
Volume 4.2K
NATL On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 11:53 AM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

national interstate corp (NATL) Snapshot

Open
$28.40
Previous Close
$28.51
Day High
$28.72
Day Low
$28.38
52 Week High
12/9/14 - $30.54
52 Week Low
01/23/15 - $24.60
Market Cap
567.4M
Average Volume 10 Days
15.6K
EPS TTM
$0.40
Shares Outstanding
19.8M
EX-Date
03/6/15
P/E TM
71.5x
Dividend
$0.52
Dividend Yield
1.71%
Current Stock Chart for NATIONAL INTERSTATE CORP (NATL)

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national interstate corp (NATL) Details

National Interstate Corporation, together with its subsidiaries, operates as a specialty property and casualty insurance company in the United States. It underwrites and sells traditional and alternative property and casualty insurance products primarily to the passenger transportation, trucking and moving, and storage industries; general commercial insurance to small businesses in Hawaii and Alaska; and personal insurance to owners of recreational vehicles (RV) throughout the United States. The company offers truck and passenger transportation, and moving and storage alternative risk transfer insurance products; and commercial auto liability, general liability, physical damage, worker’s compensation, and motor truck cargo and related coverages for truck and passenger operators, as well as tailored coverages, such as employers’ liability, commercial umbrella, commercial property, crime, equipment breakdown, inland marine, and movers and warehousemen’s liability products. It also provides coverage for campsite liability; vehicle replacement coverage; coverage for trailers, golf carts, and campsite storage facilities; and companion personal auto coverage to RV policyholders covering automobiles. National Interstate Corporation markets its products through distribution channels, including independent agents and brokers, program administrators, affiliated agencies, and agent Internet initiatives. The company was founded in 1989 and is headquartered in Richfield, Ohio. National Interstate Corporation operates as a subsidiary of Great American Insurance Company.

641 Employees
Last Reported Date: 03/6/15
Founded in 1989

national interstate corp (NATL) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $400.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $270.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $300.0K
Vice President, General Counsel and Secretary
Total Annual Compensation: $377.5K
Senior Vice President
Total Annual Compensation: $265.0K
Compensation as of Fiscal Year 2013.

national interstate corp (NATL) Key Developments

National Interstate Corporation Appoints John Cholnoky as Class II Director

National Interstate Corporation announced that effective March 3, 2015, the board expanded the number of directors in Class II from four to five members and appointed Mr. John Cholnoky as a Class II director to fill the associated vacancy. Mr. Cholnoky served as President of General Reinsurance Corporation until his retirement in March 2014.

National Interstate Corporation Declares Quarterly Cash Dividend, Payable on March 24, 2014; Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Net Impairment Charges for the Fourth Quarter Ended December 31, 2014

National Interstate Corporation Board of Directors, on February 19, 2015, approved a quarterly cash dividend of $0.13 per share. The company has increased its dividend each year since its Initial Public Offering in 2005. The first quarterly dividend of 2015 will be payable on March 24, 2015 to shareholders of record of the company's common stock as of the close of business on March 10, 2015. The company announced earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net premiums written of $171,797,000 against $156,076,000 a year ago. Net investment income was $8,902,000 against $9,187,000 a year ago. Total revenues were $154,894,000 against $148,223,000 a year ago. Income before income taxes was $4,223,000 against $10,208,000 a year ago. Net income was $4,921,000 against $8,558,000 a year ago. Net income per common share, dilution was $0.25 against $0.43 a year ago, due to elevated claims results. The decline in net income is primarily attributable to subpar underwriting results in commercial automobile liability coverages. For the year, the company reported net premiums written of $575,574,000 against $537,604,000 a year ago. Net investment income was $35,517,000 against $33,377,000 a year ago. The increase in net investment income is primarily attributable to an increase in average cash and invested assets. Total revenues were $602,941,000 against $568,926,000 a year ago. Income before income taxes was $11,765,000 against $21,692,000 a year ago. Net income was $11,026,000 against $17,573,000 a year ago. Net income per common share, dilution was $0.56 against $0.89 a year ago. Return on equity was 3.1% compared with 5.0% for the same period a year ago. Book value per common share, basic as on December 31, 2014 was $18.29. For the fourth quarter, the company also reported net impairment charges recognized in earnings was $1,278,000.

National Interstate Corporation to Report Q4, 2014 Results on Feb 24, 2015

National Interstate Corporation announced that they will report Q4, 2014 results After-Market on Feb 24, 2015

 

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NATL Competitors

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Navigators Group Inc/The $79.10 USD +1.17
First Insurance Co Ltd/The 14.40 TWD -0.40
United Fire Group Inc $31.58 USD +0.54
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Industry Analysis

NATL

Industry Average

Valuation NATL Industry Range
Price/Earnings 51.3x
Price/Sales 0.9x
Price/Book 1.6x
Price/Cash Flow 51.3x
TEV/Sales 0.8x
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