According to Zacks, “Federated National Holding Company is an insurance holding company, which through its subsidiaries, controls all aspects of the insurance underwriting, distribution and claims processes. The Company underwrites homeowners’ property and casualty, commercial general liability, commercial residential property, flood, personal automobile and commercial automobile. It is also licensed to and has the facilities to market and underwrite policies for other insurance carriers’ lines of business such as, inland marine, workers’ compensation and personal umbrella insurance. Federated National Holding Company, formerly known as 21st Century Holding Company, is based in Sunrise, Florida. “
Separately, Keefe, Bruyette & Woods lowered their price target on shares of Federated National Holding from $29.00 to $28.00 and set an outperform rating on the stock in a research report on Monday, August 8th.
Federated National Holding (NASDAQ:FNHC) traded up 0.22% during trading on Friday, hitting $18.23. 8,956 shares of the stock were exchanged. Federated National Holding has a 12 month low of $15.99 and a 12 month high of $32.61. The stock’s 50 day moving average price is $18.02 and its 200 day moving average price is $19.53. The stock has a market cap of $251.28 million, a P/E ratio of 8.40 and a beta of 1.39.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 1st will be given a dividend of $0.08 per share. The ex-dividend date is Friday, October 28th. This is a positive change from Federated National Holding’s previous quarterly dividend of $0.06. This represents a $0.32 dividend on an annualized basis and a yield of 1.76%. Federated National Holding’s payout ratio is presently 11.06%.
In other Federated National Holding news, CFO Peter J. Prygelski sold 27,950 shares of the business’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $18.75, for a total value of $524,062.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 10.59% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in Federated National Holding by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 799,802 shares of the company’s stock valued at $15,228,000 after buying an additional 8,079 shares during the last quarter. Renaissance Technologies LLC raised its position in Federated National Holding by 3.8% in the first quarter. Renaissance Technologies LLC now owns 660,800 shares of the company’s stock valued at $12,991,000 after buying an additional 24,200 shares during the last quarter. Vanguard Group Inc. raised its position in Federated National Holding by 2.8% in the second quarter. Vanguard Group Inc. now owns 460,684 shares of the company’s stock valued at $8,771,000 after buying an additional 12,690 shares during the last quarter. Schroder Investment Management Group raised its position in Federated National Holding by 3.7% in the second quarter. Schroder Investment Management Group now owns 338,094 shares of the company’s stock valued at $6,437,000 after buying an additional 12,200 shares during the last quarter. Finally, Rothschild Asset Management Inc. purchased a new position in Federated National Holding during the second quarter valued at $3,208,000. Institutional investors own 62.80% of the company’s stock.
About Federated National Holding
Federated National Holding Company (FNHC) is an insurance holding company that controls all steps in the insurance underwriting, distribution and claims processes through its subsidiaries and its contractual relationships with its independent agents and general agents. The Company is authorized to underwrite homeowners’ multi-peril (homeowners), commercial general liability, federal flood, personal auto and various other lines of insurance in Florida and various other states.
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