Federated National (NASDAQ:FNHC) Raised to Hold at ValuEngine

ValuEngine upgraded shares of Federated National (NASDAQ:FNHC) from a sell rating to a hold rating in a report published on Thursday, ValuEngine reports.

Separately, Zacks Investment Research downgraded Federated National from a hold rating to a strong sell rating in a research note on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Federated National presently has an average rating of Hold and a consensus target price of $24.50.

FNHC traded down $0.07 during trading on Thursday, hitting $12.01. The stock had a trading volume of 31,770 shares, compared to its average volume of 74,951. The stock has a 50 day simple moving average of $13.39. The company has a market capitalization of $155.06 million, a price-to-earnings ratio of 8.58 and a beta of 0.76. Federated National has a one year low of $11.39 and a one year high of $26.76. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.45.

Federated National (NASDAQ:FNHC) last released its quarterly earnings results on Tuesday, May 7th. The insurance provider reported ($0.19) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.01. The business had revenue of $96.51 million during the quarter, compared to the consensus estimate of $96.53 million. Federated National had a return on equity of 4.07% and a net margin of 0.89%. As a group, sell-side analysts expect that Federated National will post 1.15 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 2nd. Stockholders of record on Friday, August 16th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.66%. Federated National’s payout ratio is 22.86%.

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its position in shares of Federated National by 1,606.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,406 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 2,265 shares during the period. Metropolitan Life Insurance Co. NY lifted its position in shares of Federated National by 353.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,237 shares of the insurance provider’s stock valued at $84,000 after acquiring an additional 3,303 shares during the period. SG Americas Securities LLC bought a new stake in shares of Federated National during the 2nd quarter valued at $114,000. Bailard Inc. bought a new stake in shares of Federated National during the 2nd quarter valued at $158,000. Finally, Bank of America Corp DE lifted its position in shares of Federated National by 44.5% during the 4th quarter. Bank of America Corp DE now owns 8,727 shares of the insurance provider’s stock valued at $174,000 after acquiring an additional 2,687 shares during the period. Hedge funds and other institutional investors own 64.75% of the company’s stock.

Federated National Company Profile

FedNat Holding Company, through its subsidiaries, engages in the insurance underwriting, distribution, and claims processing business in the United States. The company is involved in the homeowners, and fire property and casualty insurance; and personal automobile insurance businesses, as well as commercial general liability and federal flood businesses.

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