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

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

The stock’s 50 day moving average is $19.77 and its 200 day moving average is $20.72. The firm has a market cap of $245.22 million and a P/E ratio of 8.20.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 1st will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Thursday, July 28th.

In other Federated National Holding news, CFO Peter J. Prygelski sold 27,950 shares of the business’s stock in a transaction dated 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 SEC, which is available through the SEC website.

An institutional investor recently raised its position in Federated National Holding stock. Wells Fargo & Company MN raised its position in 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 fund owned 327,603 shares of the company’s stock after buying an additional 71,143 shares during the period. Wells Fargo & Company MN owned approximately 2.38% of Federated National Holding worth $9,683,000 at the end of the most recent 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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