Shares of Federated National Holding Co. (NASDAQ:FNHC) rose 2.8% during trading on Monday . The company traded as high as $22.38 and last traded at $21.96, with a volume of 53,311 shares traded. The stock had previously closed at $21.36.

Separately, Zacks Investment Research cut Federated National Holding from a “hold” rating to a “sell” rating in a research report on Tuesday, April 12th.

The stock’s 50-day moving average is $20.71 and its 200-day moving average is $21.63. The firm has a market cap of $308.60 million and a price-to-earnings ratio of 7.59.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 1st will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, July 28th.

Several institutional investors recently modified their holdings of FNHC. Dimensional Fund Advisors LP raised its position in shares of Federated National Holding by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 748,189 shares of the company’s stock worth $22,117,000 after buying an additional 17,547 shares during the period. Schroder Investment Management Group bought a new position in shares of Federated National Holding during the fourth quarter worth approximately $2,868,000. Wells Fargo & Company MN raised its position 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 worth $9,683,000 after buying an additional 71,143 shares during the period. New Amsterdam Partners LLC NY bought a new position in shares of Federated National Holding during the fourth quarter worth approximately $2,066,000. Finally, California Public Employees Retirement System raised its position in shares of Federated National Holding by 29.6% in the fourth quarter. California Public Employees Retirement System now owns 77,900 shares of the company’s stock worth $2,303,000 after buying an additional 17,800 shares during the period.

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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