Federated National Holding Co. (NASDAQ:FNHC) shares reached a new 52-week low on Wednesday . The company traded as low as $17.42 and last traded at $17.65, with a volume of 204,129 shares changing hands. The stock had previously closed at $20.90.

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

The firm’s 50-day moving average price is $20.51 and its 200-day moving average price is $21.25. The firm has a market cap of $243.06 million and a price-to-earnings ratio of 5.98.

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 issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Thursday, July 28th.

Other hedge funds and institutional investors have recently modified their holdings of the company. Schroder Investment Management Group purchased a new position in shares of Federated National Holding during the fourth quarter worth about $2,868,000. Wells Fargo & Company MN boosted 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 in the last quarter. Finally, California Public Employees Retirement System boosted 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 in the last quarter.

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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