Federated National Holding Company (FNHC) Shares Bought by Capital Returns Management LLC

Capital Returns Management LLC boosted its stake in shares of Federated National Holding Company (NASDAQ:FNHC) by 0.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 612,788 shares of the insurance provider’s stock after acquiring an additional 3,165 shares during the period. Federated National Holding comprises about 3.3% of Capital Returns Management LLC’s holdings, making the stock its 13th biggest holding. Capital Returns Management LLC owned 4.72% of Federated National Holding worth $9,805,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of FNHC. American International Group Inc. grew its holdings in shares of 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 valued at $135,000 after purchasing an additional 509 shares during the period. UBS Group AG grew its holdings 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 valued at $159,000 after purchasing an additional 2,088 shares during the period. Globeflex Capital L P purchased a new stake in shares of Federated National Holding in the first quarter valued at about $174,000. Alliancebernstein L.P. purchased a new stake in shares of Federated National Holding in the second quarter valued at about $171,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Federated National Holding by 9.3% in the second quarter. The Manufacturers Life Insurance Company now owns 12,058 shares of the insurance provider’s stock valued at $193,000 after purchasing an additional 1,022 shares during the period. Institutional investors own 62.32% of the company’s stock.

In other Federated National Holding news, Director Carl Dorf sold 25,000 shares of Federated National Holding stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $16.60, for a total value of $415,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.78% of the stock is owned by insiders.

Separately, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $21.00 price objective on shares of Federated National Holding in a report on Thursday, September 21st.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://transcriptdaily.com/2017/10/16/federated-national-holding-company-fnhc-shares-bought-by-capital-returns-management-llc.html.

Shares of Federated National Holding Company (NASDAQ:FNHC) traded down 0.63% on Monday, reaching $15.74. 28,541 shares of the company’s stock traded hands. The stock’s market capitalization is $204.23 million. Federated National Holding Company has a 52 week low of $9.78 and a 52 week high of $21.19. The stock’s 50-day moving average price is $14.60 and its 200-day moving average price is $15.56.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 1st will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.02%. The ex-dividend date is Tuesday, October 31st. Federated National Holding’s dividend payout ratio (DPR) is -168.42%.

Federated National Holding 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.

Want to see what other hedge funds are holding FNHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federated National Holding Company (NASDAQ:FNHC).

Institutional Ownership by Quarter for Federated National Holding (NASDAQ:FNHC)

Receive News & Ratings for Federated National Holding Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federated National Holding Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply