Federated Nat Stock Rating Upgraded by Thomson Reuters/Verus (FNHC)
Federated Nat (NASDAQ:FNHC) was upgraded by investment analysts at Thomson Reuters/Verus from a “hold” rating to a “buy” rating in a note issued to investors on Monday, American Banking News reports.
Federated Nat (NASDAQ:FNHC) traded up 0.10% on Monday, hitting $10.00. 9,056 shares of the company’s stock traded hands. Federated Nat has a 52 week low of $5.09 and a 52 week high of $10.98. The stock has a 50-day moving average of $9.43 and a 200-day moving average of $9.20. The company has a market cap of $83.1 million and a price-to-earnings ratio of 12.12.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Thursday, October 31st.
Federated National Holding Company (NASDAQ:FNHC), formerly 21st Century Holding Company, is an insurance holding company, which through its subsidiaries and its contractual relationships with its independent agents and general agents, controls all aspects of the insurance underwriting, distribution and claims processes.
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