Federated National Holding Company (NASDAQ:FNHC) Director Carl Dorf sold 25,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $16.60, for a total transaction of $415,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Federated National Holding Company (FNHC) opened at 16.23 on Friday. The company’s market capitalization is $211.96 million. The firm’s 50 day moving average is $15.79 and its 200-day moving average is $16.92. Federated National Holding Company has a 52-week low of $14.03 and a 52-week high of $21.19.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 1st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.32 annualized dividend and a yield of 1.97%. Federated National Holding’s dividend payout ratio (DPR) is -168.42%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FNHC. American International Group Inc. increased its position in Federated National Holding by 7.0% in the first quarter. American International Group Inc. now owns 7,738 shares of the insurance provider’s stock worth $135,000 after buying an additional 509 shares during the last quarter. UBS Group AG increased its stake in shares of Federated National Holding by 29.8% in the first quarter. UBS Group AG now owns 9,101 shares of the insurance provider’s stock worth $159,000 after buying an additional 2,088 shares in the last quarter. Globeflex Capital L P purchased a new stake in shares of Federated National Holding during the first quarter worth $174,000. Alliancebernstein L.P. purchased a new stake in shares of Federated National Holding during the second quarter worth $171,000. Finally, Smith Asset Management Group LP purchased a new stake in shares of Federated National Holding during the first quarter worth $222,000. Institutional investors own 63.59% of the company’s stock.
Federated National Holding Company Profile
Federated National Holding Company (FNHC) is an insurance holding company 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 Company 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.
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