Banc Funds Co. LLC held its position in Federated National Holding Co (NASDAQ:FNHC) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 138,000 shares of the insurance provider’s stock at the end of the 2nd quarter. Banc Funds Co. LLC owned approximately 1.00% of Federated National Holding worth $2,208,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of Federated National Holding by 9.3% during the second quarter. Dimensional Fund Advisors LP now owns 955,222 shares of the insurance provider’s stock worth $15,284,000 after buying an additional 81,398 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Federated National Holding by 3.1% during the second quarter. Vanguard Group Inc. now owns 503,028 shares of the insurance provider’s stock worth $8,048,000 after buying an additional 14,924 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Federated National Holding by 20.4% during the first quarter. AQR Capital Management LLC now owns 353,221 shares of the insurance provider’s stock worth $6,157,000 after buying an additional 59,920 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Federated National Holding by 18.3% during 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 in the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of Federated National Holding by 21.1% during the first quarter. Schroder Investment Management Group now owns 306,741 shares of the insurance provider’s stock worth $5,331,000 after buying an additional 53,547 shares in the last quarter. 62.32% of the stock is owned by institutional investors and hedge funds.

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Federated National Holding Co (NASDAQ FNHC) opened at 15.22 on Thursday. Federated National Holding Co has a 12 month low of $9.78 and a 12 month high of $21.19. The stock’s 50 day moving average is $14.89 and its 200 day moving average is $15.94. The firm’s market cap is $197.48 million.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 1st will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Tuesday, October 31st. Federated National Holding’s dividend payout ratio is currently -168.42%.

Separately, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $21.00 target price on shares of Federated National Holding in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $21.00.

In other news, Director Carl Dorf sold 25,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $16.60, for a total value of $415,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.78% of the company’s stock.

Federated National Holding 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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