JPMorgan Chase & Co. decreased its stake in shares of Federated National Holding Co (NASDAQ:FNHC) by 4.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,339 shares of the insurance provider’s stock after selling 4,100 shares during the quarter. JPMorgan Chase & Co. owned about 0.69% of Federated National worth $1,428,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in FNHC. Wedge Capital Management L L P NC purchased a new position in Federated National during the third quarter valued at $1,533,000. Heartland Advisors Inc. raised its stake in Federated National by 44.1% during the third quarter. Heartland Advisors Inc. now owns 288,140 shares of the insurance provider’s stock valued at $4,498,000 after buying an additional 88,140 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Federated National by 9.3% during the second quarter. Dimensional Fund Advisors LP now owns 955,222 shares of the insurance provider’s stock valued at $15,284,000 after buying an additional 81,398 shares during the last quarter. Citadel Advisors LLC purchased a new position in Federated National during the second quarter valued at $1,216,000. Finally, Boston Partners raised its stake in Federated National by 57.4% during the third quarter. Boston Partners now owns 170,379 shares of the insurance provider’s stock valued at $2,660,000 after buying an additional 62,149 shares during the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.

Shares of Federated National Holding Co (NASDAQ FNHC) opened at $16.30 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.02. Federated National Holding Co has a fifty-two week low of $9.78 and a fifty-two week high of $21.19. The company has a market capitalization of $209.90, a price-to-earnings ratio of -23.29 and a beta of 1.52.

Federated National announced that its Board of Directors has approved a stock buyback program on Tuesday, December 19th that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits the insurance provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 1st will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Wednesday, January 31st. Federated National’s payout ratio is currently -45.71%.

A number of analysts have commented on the company. ValuEngine raised Federated National from a “sell” rating to a “hold” rating in a report on Friday, December 29th. Zacks Investment Research raised Federated National from a “strong sell” rating to a “hold” rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods set a $22.00 target price on Federated National and gave the stock a “buy” rating in a report on Thursday, December 21st.

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Federated National 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 (NASDAQ:FNHC)

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