The stock of Federated National Holding Co (NASDAQ:FNHC) is a huge mover today! About 270,751 shares traded hands or 318.61% up from the average. Federated National Holding Co (NASDAQ:FNHC) has declined 27.33% since March 3, 2016 and is downtrending. It has underperformed by 35.68% the S&P500.
The move comes after 6 months negative chart setup for the $215.96M company. It was reported on Oct, 6 by Barchart.com. We have $14.15 PT which if reached, will make NASDAQ:FNHC worth $28.07M less.
Analysts await Federated National Holding Co (NASDAQ:FNHC) to report earnings on November, 2. They expect $0.04 earnings per share, down 94.74% or $0.72 from last year’s $0.76 per share. FNHC’s profit will be $531,267 for 101.63 P/E if the $0.04 EPS becomes a reality. After $0.07 actual earnings per share reported by Federated National Holding Co for the previous quarter, Wall Street now forecasts -42.86% negative EPS growth.
Federated National Holding Co (NASDAQ:FNHC) Ratings Coverage
Out of 2 analysts covering Federated National Holding Company (NASDAQ:FNHC), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Federated National Holding Company has been the topic of 2 analyst reports since October 12, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Tuesday, March 8 by Raymond James. The stock of Federated National Holding Co (NASDAQ:FNHC) earned “Buy” rating by Janney Capital on Monday, October 12.
According to Zacks Investment Research, “Federated National Holding Company is an insurance holding company, which through its subsidiaries, controls all aspects of the insurance underwriting, distribution and claims processes. The Company underwrites homeowners’ property and casualty, commercial general liability, commercial residential property, flood, personal automobile and commercial automobile. It is also licensed to and has the facilities to market and underwrite policies for other insurance carriers’ lines of business such as, inland marine, workers’ compensation and personal umbrella insurance. Federated National Holding Company, formerly known as 21st Century Holding Company, is based in Sunrise, Florida.”
Insitutional Activity: The institutional sentiment increased to 0.98 in Q2 2016. Its up 0.13, from 0.85 in 2016Q1. The ratio is positive, as 10 funds sold all Federated National Holding Co shares owned while 33 reduced positions. 16 funds bought stakes while 26 increased positions. They now own 8.57 million shares or 1.73% less from 8.72 million shares in 2016Q1.
Morgan Stanley has 0% invested in the company for 122,581 shares. The California-based Blackrock Fund Advisors has invested 0% in Federated National Holding Co (NASDAQ:FNHC). Thompson Siegel Walmsley Limited Liability Com accumulated 689,272 shares or 0.21% of the stock. Deutsche Financial Bank Ag holds 0% of its portfolio in Federated National Holding Co (NASDAQ:FNHC) for 20,733 shares. Geode Mngmt Ltd Liability accumulated 228,838 shares or 0% of the stock. Tower Research Cap Ltd Company (Trc) holds 0% or 1,139 shares in its portfolio. Royal Financial Bank Of Canada has 0% invested in the company for 60,900 shares. The Missouri-based American Century Companies has invested 0% in Federated National Holding Co (NASDAQ:FNHC). Raymond James & Associate has invested 0% of its portfolio in Federated National Holding Co (NASDAQ:FNHC). The Pennsylvania-based Federated Pa has invested 0% in Federated National Holding Co (NASDAQ:FNHC). First Mercantile Co holds 0% of its portfolio in Federated National Holding Co (NASDAQ:FNHC) for 650 shares. Tfs Lc last reported 17,664 shares in the company. Emerald Mutual Fund Advisers Trust has 0.04% invested in the company for 40,000 shares. Blackrock Japan Limited accumulated 0% or 902 shares. Ativo Capital Management Limited Company holds 0.18% of its portfolio in Federated National Holding Co (NASDAQ:FNHC) for 38,434 shares.
Insider Transactions: Since August 8, 2016, the stock had 0 insider buys, and 2 insider sales for $535,623 net activity. PRYGELSKI PETER J had sold 27,950 shares worth $523,951. $11,672 worth of shares were sold by DORF CARL on Tuesday, September 13.
More notable recent Federated National Holding Co (NASDAQ:FNHC) news were published by: Marketwatch.com which released: “Federated National Holding Co.” on October 17, 2012, also Reuters.com with their article: “BRIEF-Federated National Holding Company reports Q2 2016 results” published on August 02, 2016, Bizjournals.com published: “Names change: 21st Century becoming Federated National Holding Co.” on September 11, 2012. More interesting news about Federated National Holding Co (NASDAQ:FNHC) were released by: Reuters.com and their article: “BRIEF-Federated National Holding says CFO Peter Prygelski III resigned” published on June 20, 2016 as well as Globenewswire.com‘s news article titled: “Federated National Holding Company Announces Closing of Joint Venture and …” with publication date: March 20, 2015.
FNHC Company Profile
Federated National Holding Company (FNHC), incorporated on March 7, 1991, is an insurance holding firm 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 Firm 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. The Firm markets, distributes and services its own and third-party insurers’ products and its other services through a network of independent agents.
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