Federated National Holding Company (NASDAQ:FNHC) announced a quarterly dividend on Friday, December 1st, Wall Street Journal reports. Shareholders of record on Thursday, February 1st will be given a dividend of 0.08 per share by the insurance provider on Thursday, March 1st. This represents a $0.32 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Wednesday, January 31st.
Federated National (FNHC) traded up $0.14 during trading hours on Friday, reaching $13.52. 172,100 shares of the company’s stock were exchanged, compared to its average volume of 70,874. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.55 and a quick ratio of 0.55. Federated National has a 1-year low of $9.78 and a 1-year high of $21.19.
An institutional investor recently raised its position in Federated National stock. The Manufacturers Life Insurance Company grew its stake in shares of Federated National Holding Company (NASDAQ:FNHC) by 9.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,058 shares of the insurance provider’s stock after acquiring an additional 1,022 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.09% of Federated National worth $193,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 62.25% of the company’s stock.
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Federated National 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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