BidaskClub cut shares of Federated National Holding Co Common Stock (NASDAQ:FNHC) from a buy rating to a hold rating in a research note released on Tuesday morning.

Several other research analysts have also issued reports on the stock. Raymond James raised shares of Federated National Holding Co Common Stock from an outperform rating to a strong-buy rating in a research report on Monday, May 14th. ValuEngine raised shares of Federated National Holding Co Common Stock from a hold rating to a buy rating in a research report on Monday, May 14th. Keefe, Bruyette & Woods reissued a buy rating and issued a $27.00 price target on shares of Federated National Holding Co Common Stock in a research report on Wednesday, August 8th. Finally, Zacks Investment Research lowered shares of Federated National Holding Co Common Stock from a strong-buy rating to a hold rating in a report on Monday, July 16th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $25.00.

NASDAQ:FNHC opened at $24.44 on Tuesday. Federated National Holding Co Common Stock has a 12-month low of $12.84 and a 12-month high of $26.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market capitalization of $310.79 million, a P/E ratio of 40.73 and a beta of 1.13.

Federated National Holding Co Common Stock (NASDAQ:FNHC) last posted its quarterly earnings results on Monday, August 6th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.19. Federated National Holding Co Common Stock had a net margin of 4.42% and a return on equity of 8.13%. The firm had revenue of $95.53 million during the quarter, compared to analyst estimates of $89.55 million. equities analysts predict that Federated National Holding Co Common Stock will post 2.25 EPS for the current fiscal year.

In other news, Director Richard W. Wilcox, Jr. sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $25.35, for a total transaction of $190,125.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 10.78% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in shares of Federated National Holding Co Common Stock during the second quarter valued at approximately $210,000. Baird Financial Group Inc. bought a new stake in shares of Federated National Holding Co Common Stock during the second quarter valued at approximately $225,000. Engineers Gate Manager LP bought a new stake in shares of Federated National Holding Co Common Stock during the second quarter valued at approximately $278,000. Shaker Investments LLC OH bought a new stake in shares of Federated National Holding Co Common Stock during the second quarter valued at approximately $300,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in shares of Federated National Holding Co Common Stock during the second quarter valued at approximately $313,000. 59.99% of the stock is owned by institutional investors.

About Federated National Holding Co Common Stock

FedNat Holding Company, through its subsidiaries, engages in insurance underwriting, distribution, and claims processing business in the United States. The company underwrites homeowner's multi-peril, personal automobile, commercial general liability, federal flood, and other lines of insurance.

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