ValuEngine lowered shares of Federated National (NASDAQ:FNHC) from a buy rating to a hold rating in a research note released on Friday.

Several other research firms have also issued reports on FNHC. BidaskClub lowered shares of Federated National from a buy rating to a hold rating in a research report on Tuesday, September 11th. Keefe, Bruyette & Woods reiterated a buy rating and set a $27.00 price target on shares of Federated National in a research report on Wednesday, August 8th. Finally, Zacks Investment Research lowered shares of Federated National from a strong-buy rating to a hold rating in a research report on Monday, July 16th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $27.00.

Shares of NASDAQ FNHC traded down $0.57 during trading hours on Friday, hitting $22.27. 51,625 shares of the stock were exchanged, compared to its average volume of 65,164. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $324.41 million, a price-to-earnings ratio of 37.12 and a beta of 1.18. Federated National has a 1-year low of $12.84 and a 1-year high of $26.76.

Federated National (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. The business had revenue of $95.53 million for the quarter, compared to analyst estimates of $89.55 million. Federated National had a net margin of 4.42% and a return on equity of 8.13%. On average, equities research analysts forecast that Federated National will post 2.25 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Thursday, November 1st will be given a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $0.32 dividend on an annualized basis and a yield of 1.44%. Federated National’s dividend payout ratio is currently 53.33%.

In other Federated National news, Director Richard W. Wilcox, Jr. sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $25.35, for a total value of $190,125.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 10.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of FNHC. Acadian Asset Management LLC acquired a new stake in Federated National in the second quarter valued at approximately $210,000. Baird Financial Group Inc. acquired a new stake in Federated National in the second quarter valued at approximately $225,000. Engineers Gate Manager LP acquired a new stake in Federated National in the second quarter valued at approximately $278,000. Shaker Investments LLC OH acquired a new stake in Federated National in the second quarter valued at approximately $300,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in Federated National in the second quarter valued at approximately $313,000. Hedge funds and other institutional investors own 59.99% of the company’s stock.

Federated National 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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