ValuEngine downgraded shares of National Security Group (NASDAQ:NSEC) from a hold rating to a sell rating in a report issued on Friday, January 10th, ValuEngine reports.

Shares of NSEC opened at $15.30 on Friday. National Security Group has a 52-week low of $10.01 and a 52-week high of $15.99. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. The business’s 50 day moving average price is $14.90 and its two-hundred day moving average price is $12.58. The firm has a market cap of $38.73 million and a PE ratio of 31.22.

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

In other news, major shareholder Andrew J. Abernathey bought 7,327 shares of the stock in a transaction dated Monday, December 2nd. The shares were bought at an average cost of $13.68 per share, with a total value of $100,233.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Andrew J. Abernathey bought 5,109 shares of the stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average cost of $15.50 per share, for a total transaction of $79,189.50. Insiders have bought 21,461 shares of company stock worth $312,635 over the last ninety days. 38.18% of the stock is owned by insiders.

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A hedge fund recently bought a new stake 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.

About National Security Group

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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