Federated National Holding Co Common Stock (NASDAQ:FNHC) Director Richard W. Wilcox, Jr. sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $25.35, for a total value of $190,125.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NASDAQ FNHC opened at $26.19 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.21. Federated National Holding Co Common Stock has a 12 month low of $9.78 and a 12 month high of $26.61. The company has a market cap of $312.82 million, a PE ratio of 43.65 and a beta of 1.10.

Federated National Holding Co Common Stock (NASDAQ:FNHC) last issued its earnings results on Monday, August 6th. The insurance provider reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.19. Federated National Holding Co Common Stock had a return on equity of 8.13% and a net margin of 4.42%. The company had revenue of $95.53 million during the quarter, compared to the consensus estimate of $89.55 million. research analysts expect that Federated National Holding Co Common Stock will post 2.25 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 4th. Stockholders of record on Wednesday, August 1st will be paid a dividend of $0.08 per share. The ex-dividend date is Tuesday, July 31st. This represents a $0.32 annualized dividend and a dividend yield of 1.22%. Federated National Holding Co Common Stock’s dividend payout ratio is currently 53.33%.

Several research analysts have recently commented on FNHC shares. Raymond James upgraded Federated National Holding Co Common Stock from an “outperform” rating to a “strong-buy” rating in a research note on Monday, May 14th. ValuEngine upgraded Federated National Holding Co Common Stock from a “hold” rating to a “buy” rating in a research note on Monday, May 14th. BidaskClub downgraded Federated National Holding Co Common Stock from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Zacks Investment Research upgraded Federated National Holding Co Common Stock from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a research note on Tuesday, May 15th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $27.00 target price on shares of Federated National Holding Co Common Stock in a research note on Wednesday, August 8th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $25.00.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. boosted its stake in shares of Federated National Holding Co Common Stock by 594.6% during the 2nd quarter. Macquarie Group Ltd. now owns 23,616 shares of the insurance provider’s stock worth $545,000 after acquiring an additional 20,216 shares during the period. Raymond James & Associates boosted its stake in Federated National Holding Co Common Stock by 50.3% in the 2nd quarter. Raymond James & Associates now owns 104,084 shares of the insurance provider’s stock valued at $2,401,000 after purchasing an additional 34,855 shares during the period. Baird Financial Group Inc. bought a new stake in Federated National Holding Co Common Stock in the 2nd quarter valued at $225,000. ClariVest Asset Management LLC bought a new stake in Federated National Holding Co Common Stock in the 2nd quarter valued at $1,355,000. Finally, Globeflex Capital L P boosted its stake in Federated National Holding Co Common Stock by 14.7% in the 2nd quarter. Globeflex Capital L P now owns 27,300 shares of the insurance provider’s stock valued at $630,000 after purchasing an additional 3,500 shares during the period. Institutional investors own 59.06% of the company’s stock.

About Federated National Holding Co Common Stock

FedNat Holding Company, through its subsidiaries, engages in insurance underwriting, distribution, and claims processing business in the United States. The company underwrites homeowner's multi-peril, personal automobile, commercial general liability, federal flood, and other lines of insurance.

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