Federated National Holding Company (FNHC) Trading 14.2% Higher
Shares of Federated National Holding Company (NASDAQ:FNHC) traded up 14.2% during trading on Friday . The company traded as high as $12.06 and last traded at $12.05. 535,772 shares were traded during trading, an increase of 910% from the average session volume of 53,042 shares. The stock had previously closed at $10.55.
The company’s 50 day moving average price is $15.38 and its 200-day moving average price is $16.35. The stock’s market capitalization is $156.35 million.
In related news, Director Carl Dorf sold 25,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $16.60, for a total value of $415,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 10.78% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. American International Group Inc. raised its stake in Federated National Holding by 7.0% in the 1st quarter. American International Group Inc. now owns 7,738 shares of the insurance provider’s stock worth $135,000 after acquiring an additional 509 shares during the last quarter. UBS Group AG raised its stake in Federated National Holding by 29.8% in the 1st quarter. UBS Group AG now owns 9,101 shares of the insurance provider’s stock worth $159,000 after acquiring an additional 2,088 shares during the last quarter. Alliancebernstein L.P. purchased a new position in Federated National Holding in the 2nd quarter worth $171,000. Globeflex Capital L P purchased a new position in Federated National Holding in the 1st quarter worth $174,000. Finally, The Manufacturers Life Insurance Company raised its stake in Federated National Holding by 9.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,058 shares of the insurance provider’s stock worth $193,000 after acquiring an additional 1,022 shares during the last quarter. Institutional investors own 62.32% of the company’s stock.
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About Federated National Holding
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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