Federated National Holding Co. (FNHC) Shares Bought by Swiss National Bank
Swiss National Bank increased its position in shares of Federated National Holding Co. (NASDAQ:FNHC) by 6.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,249 shares of the company’s stock after buying an additional 1,500 shares during the period. Swiss National Bank owned 0.17% of Federated National Holding worth $443,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Prudential Financial Inc. raised its stake in shares of Federated National Holding by 44.6% in the first quarter. Prudential Financial Inc. now owns 29,850 shares of the company’s stock worth $587,000 after buying an additional 9,200 shares during the last quarter. Bogle Investment Management L P DE bought a new stake in shares of Federated National Holding during the first quarter worth $640,000. Menta Capital LLC raised its stake in shares of Federated National Holding by 8.5% in the first quarter. Menta Capital LLC now owns 57,671 shares of the company’s stock worth $1,134,000 after buying an additional 4,512 shares during the last quarter. Boston Advisors LLC bought a new stake in shares of Federated National Holding during the second quarter worth $2,360,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Federated National Holding by 7.6% in the second quarter. Bank of New York Mellon Corp now owns 139,440 shares of the company’s stock worth $2,654,000 after buying an additional 9,899 shares during the last quarter. Institutional investors own 62.80% of the company’s stock.
Federated National Holding Co. (NASDAQ:FNHC) remained flat at $18.17 during midday trading on Tuesday. 4,028 shares of the stock traded hands. Federated National Holding Co. has a one year low of $15.99 and a one year high of $32.61. The stock has a market cap of $250.46 million, a price-to-earnings ratio of 8.37 and a beta of 1.39. The firm’s 50-day moving average is $18.02 and its 200-day moving average is $19.52.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 1st will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.76%. This is a boost from Federated National Holding’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, October 28th. Federated National Holding’s dividend payout ratio is 11.06%.
A number of equities research analysts recently weighed in on FNHC shares. Zacks Investment Research upgraded shares of Federated National Holding from a “strong sell” rating to a “hold” rating in a report on Monday, July 11th. Keefe, Bruyette & Woods decreased their price objective on shares of Federated National Holding from $29.00 to $28.00 and set an “outperform” rating for the company in a report on Monday, August 8th.
In related news, CFO Peter J. Prygelski sold 27,950 shares of the company’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 document filed with the Securities & Exchange Commission, which is available at this link. 10.59% of the stock is currently owned by insiders.
Federated National Holding Company Profile
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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