Federated National Holding Company (FNHC) to Release Earnings on Tuesday
Federated National Holding Company (NASDAQ:FNHC) is scheduled to post its quarterly earnings results on Tuesday, October 31st. Analysts expect Federated National Holding to post earnings of $0.24 per share for the quarter.
Shares of Federated National Holding Company (NASDAQ FNHC) opened at 16.08 on Tuesday. The company has a 50-day moving average price of $14.72 and a 200-day moving average price of $15.53. The company’s market cap is $208.64 million. Federated National Holding Company has a 1-year low of $9.78 and a 1-year high of $21.19.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 1st will be given a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.32 annualized dividend and a yield of 1.99%. Federated National Holding’s dividend payout ratio 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 value of $415,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 10.78% of the stock is currently owned by insiders.
An institutional investor recently raised its position in Federated National Holding stock. The Manufacturers Life Insurance Company boosted its holdings in Federated National Holding Company (NASDAQ:FNHC) by 9.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,058 shares of the insurance provider’s stock after purchasing an additional 1,022 shares during the period. The Manufacturers Life Insurance Company owned about 0.09% of Federated National Holding worth $193,000 as of its most recent SEC filing. 62.31% of the stock is owned by institutional investors and hedge funds.
Separately, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $21.00 price objective on shares of Federated National Holding in a research report on Thursday, September 21st.
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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