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Federated Nat (NASDAQ:FNHC) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Monday. They currently have a $28.00 target price on the stock. Zacks‘s price objective would indicate a potential upside of 18.19% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of Federated Nat in a research note on Monday, June 16th. They now have a $26.00 price target on the stock, up previously from $22.00.

Shares of Federated Nat (NASDAQ:FNHC) traded down 5.12% during mid-day trading on Monday, hitting $22.4765. 413,984 shares of the company’s stock traded hands. Federated Nat has a 52-week low of $8.30 and a 52-week high of $26.60. The stock has a 50-day moving average of $24.07 and a 200-day moving average of $17.99. The company has a market cap of $254.3 million and a price-to-earnings ratio of 12.10.

Federated Nat (NASDAQ:FNHC) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.24. On average, analysts predict that Federated Nat will post $1.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Monday, August 4th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Thursday, July 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.

To view Zacks’ full report, visit Zacks’ official website.

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