Royal Bank of Canada reduced its holdings in Federated National Holding Company (NASDAQ:FNHC) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,934 shares of the insurance provider’s stock after selling 456 shares during the period. Royal Bank of Canada owned approximately 0.44% of Federated National Holding worth $911,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of Federated National Holding by 9.3% in 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. lifted its stake in shares of Federated National Holding by 3.1% in 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 lifted its stake in shares of Federated National Holding by 20.4% in 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. OLD Republic International Corp lifted its stake in shares of Federated National Holding by 5.2% in the second quarter. OLD Republic International Corp now owns 276,700 shares of the insurance provider’s stock worth $4,427,000 after buying an additional 13,700 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Federated National Holding by 1.3% in the first quarter. Geode Capital Management LLC now owns 261,490 shares of the insurance provider’s stock worth $4,557,000 after buying an additional 3,476 shares in the last quarter. 63.68% of the stock is currently owned by hedge funds and other institutional investors.

In other Federated National Holding news, Director Carl Dorf sold 25,000 shares of Federated National Holding stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $16.60, for a total transaction of $415,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.78% of the stock is owned by insiders.

Federated National Holding Company (FNHC) opened at $14.02 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.02. Federated National Holding Company has a 52 week low of $9.78 and a 52 week high of $21.19.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 1st will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Tuesday, October 31st. Federated National Holding’s dividend payout ratio (DPR) is presently -168.42%.

Separately, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $21.00 price target on shares of Federated National Holding in a research note on Thursday, September 21st.

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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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