Federated National (FNHC) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of Federated National (NASDAQ:FNHC) from a hold rating to a sell rating in a report issued on Thursday.

Other research analysts have also issued reports about the company. Keefe, Bruyette & Woods restated a buy rating and issued a $27.00 price target on shares of Federated National in a research report on Wednesday, August 8th. Zacks Investment Research lowered Federated National from a strong-buy rating to a hold rating in a research report on Monday, July 16th. Finally, ValuEngine lowered Federated National from a buy rating to a hold rating in a research report on Friday, October 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. Federated National currently has a consensus rating of Buy and an average target price of $27.00.

Shares of NASDAQ:FNHC traded down $0.28 during midday trading on Thursday, hitting $20.92. The company had a trading volume of 1,166 shares, compared to its average volume of 62,345. Federated National has a 12 month low of $12.84 and a 12 month high of $26.76. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $277.68 million, a P/E ratio of 34.83 and a beta of 1.18.

Federated National (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 had a return on equity of 8.13% and a net margin of 4.42%. The business had revenue of $95.53 million for the quarter, compared to analyst estimates of $89.55 million. As a group, equities research analysts expect that Federated National will post 2.42 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 1st will be given a $0.08 dividend. The ex-dividend date is Wednesday, October 31st. This represents a $0.32 annualized dividend and a dividend yield of 1.53%. Federated National’s dividend payout ratio is currently 53.33%.

In other Federated National news, Director Richard W. Wilcox, Jr. sold 7,500 shares of Federated National stock in a transaction dated Wednesday, August 15th. The stock was 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 SEC, which can be accessed through this link. 10.78% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Globeflex Capital L P lifted its holdings in Federated National by 14.7% during the second quarter. Globeflex Capital L P now owns 27,300 shares of the insurance provider’s stock worth $630,000 after acquiring an additional 3,500 shares in the last quarter. Quantitative Systematic Strategies LLC lifted its holdings in Federated National by 26.7% during the second quarter. Quantitative Systematic Strategies LLC now owns 17,110 shares of the insurance provider’s stock worth $395,000 after acquiring an additional 3,607 shares in the last quarter. BlackRock Inc. lifted its holdings in Federated National by 0.5% during the second quarter. BlackRock Inc. now owns 885,317 shares of the insurance provider’s stock worth $20,423,000 after acquiring an additional 4,005 shares in the last quarter. LSV Asset Management lifted its holdings in Federated National by 6.8% during the second quarter. LSV Asset Management now owns 77,227 shares of the insurance provider’s stock worth $1,781,000 after acquiring an additional 4,927 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Federated National by 10.7% during the first quarter. California Public Employees Retirement System now owns 51,600 shares of the insurance provider’s stock worth $814,000 after acquiring an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 59.99% of the company’s stock.

About Federated National

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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