The stock of Federated National Holding Co (NASDAQ:FNHC) is a huge mover today! About 158,428 shares traded hands or 116.44% up from the average. Federated National Holding Co (NASDAQ:FNHC) has declined 32.61% since March 4, 2016 and is downtrending. It has underperformed by 40.65% the S&P500.
The move comes after 8 months positive chart setup for the $228.32M company. It was reported on Oct, 7 by Barchart.com. We have $53.85 PT which if reached, will make NASDAQ:FNHC worth $454.36 million more.
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 $507,096 for 112.56 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. On Monday, October 12 the stock rating was upgraded by Janney Capital to “Buy”. As per Tuesday, March 8, the company rating was downgraded by Raymond James.
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 2016 Q2. Its up 0.13, from 0.85 in 2016Q1. The ratio improved, 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.
Visium Asset Management Limited Partnership accumulated 0.02% or 12,617 shares. The New York-based Secor Capital Advsr L P has invested 0.08% in Federated National Holding Co (NASDAQ:FNHC). Bridgeway Inc owns 113,300 shares or 0.03% of their US portfolio. The Massachusetts-based State Street has invested 0% in Federated National Holding Co (NASDAQ:FNHC). Citadel Advisors Llc holds 0% or 16,122 shares in its portfolio. Returns Mgmt has 519,876 shares for 5.54% of their US portfolio. The Illinois-based Lsv Asset Mngmt has invested 0% in Federated National Holding Co (NASDAQ:FNHC). Tfs Capital Llc accumulated 17,664 shares or 0.06% of the stock. Springbok Management Ltd Liability Com accumulated 1,800 shares or 0% of the stock. The New Jersey-based Prudential Fincl Inc has invested 0% in Federated National Holding Co (NASDAQ:FNHC). Manufacturers Life Communication The holds 0% of its portfolio in Federated National Holding Co (NASDAQ:FNHC) for 9,569 shares. Cornercap Counsel holds 24,045 shares or 0.09% of its portfolio. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Federated National Holding Co (NASDAQ:FNHC) for 538 shares. Putnam Investments Llc has invested 0.01% of its portfolio in Federated National Holding Co (NASDAQ:FNHC). Jacobs Levy Equity Management has 0.01% invested in the company for 17,500 shares.
Insider Transactions: Since August 8, 2016, the stock had 0 insider purchases, and 2 sales for $535,623 net activity. Shares for $523,951 were sold by PRYGELSKI PETER J. $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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