Federated National Holding Co. (NASDAQ:FNHC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

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 dropped their price target on 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $30.33.

Shares of Federated National Holding (NASDAQ:FNHC) opened at 16.26 on Wednesday. The stock has a market capitalization of $224.13 million, a P/E ratio of 7.49 and a beta of 1.39. The firm’s 50-day moving average price is $17.99 and its 200 day moving average price is $19.61. Federated National Holding has a 12-month low of $15.99 and a 12-month high of $32.61.

In other Federated National Holding news, CFO Peter J. Prygelski sold 27,950 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $18.75, for a total value of $524,062.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.59% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Menta Capital LLC raised its position in shares of Federated National Holding by 0.7% in the second quarter. Menta Capital LLC now owns 58,085 shares of the company’s stock valued at $1,106,000 after buying an additional 414 shares during the last quarter. Swiss National Bank raised its position in shares of Federated National Holding by 6.9% in the second quarter. Swiss National Bank now owns 23,249 shares of the company’s stock valued at $443,000 after buying an additional 1,500 shares during the last quarter. Raymond James & Associates raised its position in shares of Federated National Holding by 2.8% in the second quarter. Raymond James & Associates now owns 59,273 shares of the company’s stock valued at $1,129,000 after buying an additional 1,599 shares during the last quarter. BlackRock Investment Management LLC raised its position in shares of Federated National Holding by 4.2% in the second quarter. BlackRock Investment Management LLC now owns 58,285 shares of the company’s stock valued at $1,110,000 after buying an additional 2,351 shares during the last quarter. Finally, BlackRock Group LTD raised its position in shares of Federated National Holding by 74.0% in the second quarter. BlackRock Group LTD now owns 6,084 shares of the company’s stock valued at $116,000 after buying an additional 2,587 shares during the last quarter. 62.80% of the stock is currently owned by institutional investors.

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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