Federated National Holding Co. (NASDAQ:FNHC) was up 1.1% during trading on Wednesday . The stock traded as high as $18.03 and last traded at $17.93, with a volume of 53,372 shares traded. The stock had previously closed at $17.74.

Several equities research analysts have recently commented on FNHC shares. Zacks Investment Research raised Federated National Holding from a “strong sell” rating to a “hold” rating in a research note on Monday, July 11th. Keefe, Bruyette & Woods decreased their price target on Federated National Holding from $29.00 to $28.00 and set an “outperform” rating on the stock in a research note on Monday, August 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $30.33.

The company has a market cap of $246.87 million and a PE ratio of 8.25. The stock’s 50 day moving average price is $19.82 and its 200-day moving average price is $20.78.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 1st will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $0.24 dividend on an annualized basis and a yield of 1.34%.

In other Federated National Holding news, CFO Peter J. Prygelski sold 27,950 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $18.75, for a total value of $524,062.50. The sale was disclosed in a legal filing with the SEC, which is available at this link.

A hedge fund recently raised its stake in Federated National Holding stock. Wells Fargo & Company MN boosted its stake in shares of Federated National Holding Co. (NASDAQ:FNHC) by 27.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 327,603 shares of the company’s stock after buying an additional 71,143 shares during the period. Wells Fargo & Company MN owned 2.38% of Federated National Holding worth $9,683,000 as of its most recent SEC filing.

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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