Federated National Holding Co Common Stock (FNHC) Upgraded to Buy at BidaskClub

BidaskClub upgraded shares of Federated National Holding Co Common Stock (NASDAQ:FNHC) from a hold rating to a buy rating in a research note released on Tuesday morning.

Several other research analysts have also issued reports on FNHC. Raymond James raised shares of Federated National Holding Co Common Stock from an outperform rating to a strong-buy rating in a research report on Monday, May 14th. ValuEngine raised shares of Federated National Holding Co Common Stock from a hold rating to a buy rating in a research report on Monday, May 14th. Zacks Investment Research raised shares of Federated National Holding Co Common Stock from a hold rating to a strong-buy rating and set a $23.00 price target for the company in a research report on Tuesday, May 15th. Finally, Keefe, Bruyette & Woods reissued a buy rating and issued a $27.00 price target on shares of Federated National Holding Co Common Stock in a research report on Wednesday, August 8th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $25.00.

NASDAQ:FNHC opened at $25.45 on Tuesday. Federated National Holding Co Common Stock has a 12-month low of $9.78 and a 12-month high of $25.69. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market capitalization of $312.82 million, a P/E ratio of 42.42 and a beta of 1.10.



Federated National Holding Co Common Stock (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 Holding Co Common Stock had a net margin of 4.42% and a return on equity of 8.13%. The firm had revenue of $95.53 million during the quarter, compared to analyst estimates of $89.55 million. equities analysts predict that Federated National Holding Co Common Stock will post 2.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 4th. Investors of record on Wednesday, August 1st will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.26%. The ex-dividend date is Tuesday, July 31st. Federated National Holding Co Common Stock’s dividend payout ratio (DPR) is presently 53.33%.

A number of large investors have recently bought and sold shares of FNHC. Acadian Asset Management LLC acquired a new position in Federated National Holding Co Common Stock in the second quarter worth about $210,000. Baird Financial Group Inc. acquired a new stake in shares of Federated National Holding Co Common Stock during the second quarter worth approximately $225,000. Engineers Gate Manager LP acquired a new stake in shares of Federated National Holding Co Common Stock during the second quarter worth approximately $278,000. Shaker Investments LLC OH acquired a new stake in shares of Federated National Holding Co Common Stock during the second quarter worth approximately $300,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of Federated National Holding Co Common Stock during the second quarter worth approximately $313,000. 59.06% of the stock is owned by hedge funds and other institutional investors.

Federated National Holding Co Common Stock Company Profile

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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