Keefe, Bruyette & Woods reissued their buy rating on shares of Federated National Holding Company (NASDAQ:FNHC) in a research note released on Thursday. The firm currently has a $21.00 price target on the insurance provider’s stock.

Shares of Federated National Holding (NASDAQ:FNHC) opened at 14.42 on Thursday. The company’s 50-day moving average price is $14.89 and its 200 day moving average price is $15.94. The stock’s market cap is $187.10 million. Federated National Holding has a 12-month low of $9.78 and a 12-month high of $21.19.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 1st will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Tuesday, October 31st. Federated National Holding’s dividend payout ratio (DPR) is currently -168.42%.

In other Federated National Holding news, Director Carl Dorf sold 25,000 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $16.60, for a total transaction of $415,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 10.78% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American International Group Inc. boosted its stake in Federated National Holding by 7.0% during the first quarter. American International Group Inc. now owns 7,738 shares of the insurance provider’s stock worth $135,000 after buying an additional 509 shares during the last quarter. UBS Group AG boosted its stake in Federated National Holding by 29.8% during the first quarter. UBS Group AG now owns 9,101 shares of the insurance provider’s stock worth $159,000 after buying an additional 2,088 shares during the last quarter. Alliancebernstein L.P. acquired a new position in Federated National Holding during the second quarter worth $171,000. Globeflex Capital L P acquired a new position in Federated National Holding during the first quarter worth $174,000. Finally, The Manufacturers Life Insurance Company boosted its stake in Federated National Holding by 9.3% during the second quarter. The Manufacturers Life Insurance Company now owns 12,058 shares of the insurance provider’s stock worth $193,000 after buying an additional 1,022 shares during the last quarter. 62.32% of the stock is currently owned by institutional investors.

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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