Federated National Holding Co. (NASDAQ:FNHC) gapped up before the market opened on Thursday . The stock had previously closed at $18.80, but opened at $18.87. Federated National Holding shares last traded at $19.28, with a volume of 43,181 shares.

Separately, Zacks Investment Research downgraded Federated National Holding from a “hold” rating to a “sell” rating in a research report on Friday, March 18th.

The stock has a market cap of $270.44 million and a price-to-earnings ratio of 6.65. The firm has a 50 day moving average price of $20.76 and a 200-day moving average price of $22.08.

Federated National Holding (NASDAQ:FNHC) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.58 by $0.11. On average, analysts anticipate that Federated National Holding Co. will post $2.80 EPS for the current year.

A number of large investors recently bought and sold shares of FNHC. Dimensional Fund Advisors LP boosted its stake in Federated National Holding by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 748,189 shares of the company’s stock valued at $22,117,000 after buying an additional 17,547 shares in the last quarter. Schroder Investment Management Group acquired a new stake in shares of Federated National Holding during the fourth quarter valued at approximately $2,868,000. Wells Fargo & Company MN boosted its stake in shares of Federated National Holding by 27.7% in the fourth quarter. Wells Fargo & Company MN now owns 327,603 shares of the company’s stock valued at $9,683,000 after buying an additional 71,143 shares during the period. New Amsterdam Partners LLC NY acquired a new stake in shares of Federated National Holding during the fourth quarter valued at approximately $2,066,000. Finally, Opus Capital Group LLC acquired a new stake in shares of Federated National Holding during the fourth quarter valued at approximately $4,630,000.

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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