Boston Partners reduced its position in Federated National Holding Co Common Stock (NASDAQ:FNHC) by 13.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 146,935 shares of the insurance provider’s stock after selling 23,444 shares during the quarter. Boston Partners owned about 1.12% of Federated National Holding Co Common Stock worth $3,390,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. bought a new position in Federated National Holding Co Common Stock during the second quarter valued at approximately $334,000. Cambria Investment Management L.P. bought a new position in Federated National Holding Co Common Stock during the second quarter valued at approximately $330,000. Shaker Investments LLC OH bought a new position in Federated National Holding Co Common Stock during the second quarter valued at approximately $300,000. Acadian Asset Management LLC bought a new position in Federated National Holding Co Common Stock during the second quarter valued at approximately $210,000. Finally, Foundry Partners LLC bought a new position in Federated National Holding Co Common Stock during the second quarter valued at approximately $2,883,000. 63.40% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Federated National Holding Co Common Stock stock opened at $26.10 on Tuesday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.21. Federated National Holding Co Common Stock has a 52-week low of $9.78 and a 52-week high of $26.61. The company has a market capitalization of $333.45 million, a PE ratio of 18.84 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.19. Federated National Holding Co Common Stock had a net margin of 4.42% and a return on equity of 8.13%. The firm had revenue of $95.53 million for the quarter, compared to analysts’ expectations of $89.55 million. analysts predict that Federated National Holding Co Common Stock will post 2.25 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 4th. Stockholders of record on Wednesday, August 1st will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, July 31st. Federated National Holding Co Common Stock’s dividend payout ratio is 53.33%.

In other news, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 10.50% of the stock is currently owned by company insiders.

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

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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Institutional Ownership by Quarter for Federated National Holding Co Common Stock (NASDAQ:FNHC)

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