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

Separately, Zacks Investment Research cut Federated National Holding from a “hold” rating to a “sell” rating in a research note on Monday.

The firm has a market capitalization of $248.64 million and a P/E ratio of 8.30. The company’s 50 day moving average price is $20.30 and its 200-day moving average price is $21.20.

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 $0.06 dividend. The ex-dividend date is Thursday, July 28th. This represents a $0.24 annualized dividend and a dividend yield of 1.33%.

Several large investors have recently bought and sold shares of the stock. California Public Employees Retirement System increased its stake in 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 valued at $2,303,000 after buying an additional 17,800 shares in the last quarter. Wells Fargo & Company MN increased its stake in 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 in the last quarter. Finally, Schroder Investment Management Group purchased a new stake in Federated National Holding during the fourth quarter valued at about $2,868,000.

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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