Federated National Holding Company (NASDAQ:FNHC)‘s stock had its “buy” rating restated by research analysts at Keefe, Bruyette & Woods in a note issued to investors on Thursday. They presently have a $21.00 price objective on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 50.65% from the stock’s previous close.

Shares of Federated National Holding (NASDAQ FNHC) opened at 13.94 on Thursday. Federated National Holding has a 12-month low of $9.78 and a 12-month high of $21.19. The company has a 50-day moving average price of $14.89 and a 200-day moving average price of $15.94. The firm’s market capitalization is $180.87 million.

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

A number of institutional investors have recently bought and sold shares of FNHC. American International Group Inc. lifted its stake in Federated National Holding by 7.0% in the first quarter. American International Group Inc. now owns 7,738 shares of the insurance provider’s stock worth $135,000 after purchasing an additional 509 shares during the last quarter. UBS Group AG lifted its stake in Federated National Holding by 29.8% in the first quarter. UBS Group AG now owns 9,101 shares of the insurance provider’s stock worth $159,000 after purchasing an additional 2,088 shares during the last quarter. Alliancebernstein L.P. bought a new stake in Federated National Holding in the second quarter worth $171,000. Globeflex Capital L P bought a new stake in Federated National Holding in the first quarter worth $174,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Federated National Holding by 9.3% in the second quarter. The Manufacturers Life Insurance Company now owns 12,058 shares of the insurance provider’s stock worth $193,000 after purchasing an additional 1,022 shares during the last quarter. 62.32% of the stock is owned by institutional investors and hedge funds.

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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