FY2016 EPS Estimates for Federated National Holding Co. Reduced by Langen Mcalenn (FNHC)
Federated National Holding Co. (NASDAQ:FNHC) – Langen Mcalenn reduced their FY2016 earnings per share estimates for shares of Federated National Holding in a report released on Thursday. Langen Mcalenn analyst R. Byrnes now anticipates that the firm will earn $0.25 per share for the year, down from their previous estimate of $1.11. Langen Mcalenn currently has a “Neutral” rating on the stock. Langen Mcalenn also issued estimates for Federated National Holding’s Q4 2016 earnings at ($0.53) EPS, Q1 2017 earnings at $0.46 EPS, Q3 2017 earnings at ($0.13) EPS and FY2017 earnings at $1.90 EPS.
Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Federated National Holding from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. Janney Montgomery Scott downgraded shares of Federated National Holding from a “buy” rating to a “neutral” rating in a report on Thursday, November 3rd. Finally, 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 report on Monday, August 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Federated National Holding currently has an average rating of “Hold” and a consensus price target of $28.00.
Shares of Federated National Holding (NASDAQ:FNHC) opened at 17.45 on Monday. The company has a market capitalization of $240.84 million, a P/E ratio of 11.55 and a beta of 1.64. Federated National Holding has a 12-month low of $14.03 and a 12-month high of $30.99. The stock has a 50 day moving average of $17.58 and a 200-day moving average of $19.27.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 1st will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.83%. This is an increase from Federated National Holding’s previous quarterly dividend of $0.06. The ex-dividend date is Friday, October 28th. Federated National Holding’s dividend payout ratio (DPR) is presently 21.19%.
A number of institutional investors have recently bought and sold shares of FNHC. Rothschild Asset Management Inc. bought a new position in Federated National Holding during the second quarter valued at about $3,208,000. Boston Advisors LLC bought a new position in Federated National Holding during the second quarter valued at about $2,360,000. BlackRock Fund Advisors increased its position in Federated National Holding by 8.5% in the third quarter. BlackRock Fund Advisors now owns 355,009 shares of the company’s stock valued at $6,635,000 after buying an additional 27,867 shares during the last quarter. Renaissance Technologies LLC increased 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. Finally, AQR Capital Management LLC increased its position in Federated National Holding by 17.5% in the second quarter. AQR Capital Management LLC now owns 142,208 shares of the company’s stock valued at $2,708,000 after buying an additional 21,189 shares during the last quarter. 62.77% of the stock is currently owned by institutional investors and hedge funds.
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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