California Public Employees Retirement System decreased its position in shares of Federated National Holding Company (NASDAQ:FNHC) by 4.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,600 shares of the insurance provider’s stock after selling 2,100 shares during the period. California Public Employees Retirement System owned about 0.35% of Federated National Holding worth $812,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Heartland Advisors Inc. purchased a new stake in Federated National Holding during the first quarter worth about $3,486,000. Wells Fargo & Company MN increased its stake in 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 worth $5,595,000 after buying an additional 49,723 shares during the period. State Street Corp increased its stake in Federated National Holding by 1.5% in the fourth quarter. State Street Corp now owns 204,996 shares of the insurance provider’s stock worth $3,830,000 after buying an additional 3,096 shares during the period. Martingale Asset Management L P increased its stake in Federated National Holding by 117.3% in the first quarter. Martingale Asset Management L P now owns 65,833 shares of the insurance provider’s stock worth $1,148,000 after buying an additional 35,533 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Federated National Holding by 30.3% in the first quarter. Russell Investments Group Ltd. now owns 43,885 shares of the insurance provider’s stock worth $765,000 after buying an additional 10,205 shares during the period. 63.86% of the stock is owned by hedge funds and other institutional investors.

Federated National Holding Company (FNHC) traded up 0.76% during midday trading on Wednesday, reaching $15.92. The company’s stock had a trading volume of 3,044 shares. The firm’s market capitalization is $207.92 million. The stock’s 50-day moving average price is $15.83 and its 200-day moving average price is $16.84. Federated National Holding Company has a 12 month low of $14.03 and a 12 month high of $21.19.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 1st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.32 annualized dividend and a dividend yield of 2.03%. Federated National Holding’s dividend payout ratio is -168.42%.

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In related news, Director Carl Dorf sold 25,000 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $16.60, for a total transaction of $415,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.78% of the stock is currently owned by company insiders.

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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