Federated National Holding Co. (FNHC) Receives Consensus Rating of “Hold” from Brokerages
Federated National Holding Co. (NASDAQ:FNHC) has received a consensus recommendation of “Hold” from the six research firms that are presently covering the firm. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $28.00.
Several equities analysts have commented on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Federated National Holding from $29.00 to $28.00 and set an “outperform” rating on the stock in a report on Monday, August 8th. Zacks Investment Research cut shares of Federated National Holding from a “hold” rating to a “strong sell” rating in a research report on Friday, October 14th. Langen Mcalenn cut shares of Federated National Holding from a “buy” rating to a “neutral” rating in a research report on Thursday, November 3rd. Finally, Janney Montgomery Scott cut shares of Federated National Holding from a “buy” rating to a “neutral” rating in a research report on Thursday, November 3rd.
Large investors have recently made changes to their positions in the stock. BlackRock Group LTD boosted its stake 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 worth $116,000 after buying an additional 2,587 shares during the last quarter. BlackRock Advisors LLC boosted its stake in Federated National Holding by 19.0% in the third quarter. BlackRock Advisors LLC now owns 7,781 shares of the company’s stock valued at $145,000 after buying an additional 1,245 shares in the last quarter. Sei Investments Co. purchased a new stake in Federated National Holding during the second quarter valued at $207,000. Wedbush Securities Inc. boosted its stake in Federated National Holding by 36.6% in the third quarter. Wedbush Securities Inc. now owns 13,800 shares of the company’s stock valued at $258,000 after buying an additional 3,700 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Federated National Holding during the second quarter valued at $272,000. 62.99% of the stock is owned by institutional investors.
Shares of Federated National Holding (NASDAQ:FNHC) opened at 17.45 on Monday. The firm has a 50-day moving average of $17.58 and a 200 day moving average of $19.27. The firm has a market cap of $240.84 million, a PE ratio of 11.55 and a beta of 1.64. Federated National Holding has a 52-week low of $14.03 and a 52-week high of $30.99.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 1st will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, October 28th. This is a boost from Federated National Holding’s previous quarterly dividend of $0.06. Federated National Holding’s payout ratio is presently 21.19%.
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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