Federated National (FNHC) Stock Rating Lowered by Zacks Investment Research

Federated National (NASDAQ:FNHC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “FedNat Holding Company operates as a holding company. It provides insurance underwriting, distribution, claims processing and premium financing services through its subsidiaries. The company underwrites non-standard and standard personal automobile insurance and mobile home property and casualty insurance. FedNat Holding Company, formerly known as Federated National Holding Company, is based in Florida, United States. “

Several other research analysts have also recently issued reports on FNHC. BidaskClub cut shares of Federated National from a “sell” rating to a “strong sell” rating in a report on Friday, November 30th. JMP Securities reiterated a “hold” rating on shares of Federated National in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Federated National currently has an average rating of “Hold” and an average target price of $24.50.

Shares of NASDAQ FNHC traded down $1.01 during mid-day trading on Thursday, reaching $17.02. The company had a trading volume of 66,081 shares, compared to its average volume of 29,951. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.20. Federated National has a 52 week low of $15.63 and a 52 week high of $26.76. The stock has a market cap of $241.56 million, a PE ratio of 12.16 and a beta of 0.89.

Institutional investors have recently modified their holdings of the business. Prudential Financial Inc. boosted its holdings in shares of Federated National by 97.7% in the 3rd quarter. Prudential Financial Inc. now owns 42,589 shares of the insurance provider’s stock valued at $1,086,000 after buying an additional 21,049 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Federated National by 8.1% in the 3rd quarter. Vanguard Group Inc. now owns 591,677 shares of the insurance provider’s stock valued at $15,076,000 after buying an additional 44,270 shares in the last quarter. Man Group plc boosted its holdings in shares of Federated National by 148.6% in the 3rd quarter. Man Group plc now owns 354,135 shares of the insurance provider’s stock valued at $9,023,000 after buying an additional 211,678 shares in the last quarter. ClariVest Asset Management LLC boosted its holdings in shares of Federated National by 25.4% in the 3rd quarter. ClariVest Asset Management LLC now owns 73,631 shares of the insurance provider’s stock valued at $1,876,000 after buying an additional 14,926 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Federated National by 61.2% in the 3rd quarter. Wells Fargo & Company MN now owns 15,303 shares of the insurance provider’s stock valued at $389,000 after buying an additional 5,811 shares in the last quarter. Institutional investors own 63.70% of the company’s stock.

About Federated National

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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