National Interstate (NASDAQ: NATL) was upgraded by Zacks Investment Research from an “underperform” rating to a “neutral” rating in a research note issued on Wednesday.
Separately, analysts at Raymond James (NYSE: RJF) downgraded shares of National Interstate from a “market perform” rating to an “underperform” rating in a research note to investors on Friday, October 28th.
National Interstate Corporation operates as an insurance holding company group that underwrites and sells traditional and alternative property and casualty insurance products to the passenger transportation industry and the trucking industry, general commercial insurance to small businesses in Hawaii and Alaska and personal insurance to owners of recreational vehicles and commercial vehicles throughout the United States. The Company has four property and casualty insurance subsidiaries: National Interstate Insurance Company (NIIC), National Interstate Insurance Company of Hawaii, Inc. (NIIC-HI), Triumphe Casualty Company (TCC) and Hudson Indemnity, Ltd. (HIL) and six other agency and service subsidiaries. The Company writes its insurance policies on a direct basis through NIIC, NIIC-HI and TCC. NIIC is licensed in all 50 states and the District of Columbia. NIIC-HI is licensed in Ohio, Hawaii, Michigan and New Jersey.
Shares of National Interstate traded down 0.91% during mid-day trading on Wednesday, hitting $23.86. National Interstate has a 52 week low of $18.66 and a 52 week high of $27.67. The stock’s 50-day moving average is $24.24 and its 200-day moving average is $23.29. The company has a market cap of $463.9 million and a price-to-earnings ratio of 16.15.