Federated National (NASDAQ:FNHC) will be issuing its quarterly earnings data after the market closes on Tuesday, February 27th. Analysts expect the company to announce earnings of $0.48 per share for the quarter.
Shares of Federated National (NASDAQ FNHC) opened at $15.77 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.02. Federated National has a twelve month low of $9.78 and a twelve month high of $21.19. The firm has a market capitalization of $205.85, a price-to-earnings ratio of -22.21 and a beta of 1.29.
Federated National announced that its board has authorized a stock buyback plan on Tuesday, December 19th that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the insurance provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.
FNHC has been the topic of several recent research reports. Keefe, Bruyette & Woods set a $22.00 target price on Federated National and gave the stock a “buy” rating in a report on Thursday, December 21st. Zacks Investment Research raised Federated National from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, ValuEngine raised Federated National from a “sell” rating to a “hold” rating in a report on Friday, December 29th.
A hedge fund recently raised its stake in Federated National stock. The Manufacturers Life Insurance Company boosted its stake in shares of Federated National Holding Co (NASDAQ:FNHC) by 9.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,058 shares of the insurance provider’s stock after buying an additional 1,022 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.09% of Federated National worth $193,000 as of its most recent SEC filing. 59.62% of the stock is currently owned by institutional investors.
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About Federated National
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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