Federated National Holding Company (NASDAQ:FNHC) Shares Bought by UBS Group AG

UBS Group AG raised its stake in Federated National Holding Company (NASDAQ:FNHC) by 29.8% during the first quarter, Holdings Channel reports. The fund owned 9,101 shares of the insurance provider’s stock after buying an additional 2,088 shares during the period. UBS Group AG’s holdings in Federated National Holding were worth $159,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Federated National Holding by 5.9% in the first quarter. Dimensional Fund Advisors LP now owns 873,824 shares of the insurance provider’s stock valued at $15,231,000 after buying an additional 48,687 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Federated National Holding by 6.9% in the first quarter. Vanguard Group Inc. now owns 488,104 shares of the insurance provider’s stock valued at $8,508,000 after buying an additional 31,292 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Federated National Holding by 18.3% in the first quarter. Wells Fargo & Company MN now owns 321,057 shares of the insurance provider’s stock valued at $5,595,000 after buying an additional 49,723 shares during the last quarter. Schroder Investment Management Group increased its position in shares of Federated National Holding by 21.1% in the first quarter. Schroder Investment Management Group now owns 306,741 shares of the insurance provider’s stock valued at $5,331,000 after buying an additional 53,547 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Federated National Holding by 1.3% in the first quarter. Geode Capital Management LLC now owns 261,490 shares of the insurance provider’s stock valued at $4,557,000 after buying an additional 3,476 shares during the last quarter. 63.59% of the stock is owned by institutional investors and hedge funds.

Shares of Federated National Holding Company (NASDAQ FNHC) traded down 0.24% on Thursday, hitting $16.78. The stock had a trading volume of 152 shares. Federated National Holding Company has a one year low of $14.03 and a one year high of $21.19. The company’s market cap is $219.15 million. The firm’s 50-day moving average is $15.76 and its 200-day moving average is $16.95.

Federated National Holding (NASDAQ:FNHC) last posted its quarterly earnings results on Tuesday, May 9th. The insurance provider reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.07. Federated National Holding had a negative net margin of 0.73% and a negative return on equity of 1.06%. The business had revenue of $93.03 million during the quarter, compared to analysts’ expectations of $92.91 million. On average, analysts expect that Federated National Holding Company will post $1.49 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 1st will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.90%. Federated National Holding’s dividend payout ratio (DPR) is presently -168.42%.

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Federated National Holding Company Profile

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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Institutional Ownership by Quarter for Federated National Holding (NASDAQ:FNHC)

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