Federated National Holding Co. (NASDAQ:FNHC) shares were down 4% during trading on Friday . The stock traded as low as $17.75 and last traded at $17.79, with a volume of 122,866 shares. The stock had previously closed at $18.53.

Several research analysts have recently commented on FNHC shares. Zacks Investment Research lowered shares of Federated National Holding from a “hold” rating to a “sell” rating in a research note on Monday, August 1st. Keefe, Bruyette & Woods dropped their price target on shares of 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 equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $30.33.

The stock’s 50-day moving average price is $19.77 and its 200-day moving average price is $20.72. The stock has a market cap of $245.22 million and a price-to-earnings ratio of 8.20.

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 dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, July 28th.

In related news, CFO Peter J. Prygelski sold 27,950 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $18.75, for a total transaction of $524,062.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

An institutional investor recently bought a new position in Federated National Holding stock. Schroder Investment Management Group acquired a new position in shares of Federated National Holding Co. (NASDAQ:FNHC) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 97,014 shares of the company’s stock, valued at approximately $2,868,000. Schroder Investment Management Group owned approximately 0.70% of Federated National Holding as of its most recent filing with the SEC.

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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