Headlines about Federated National (NASDAQ:FNHC) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Federated National earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 47.1247129176645 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
- BRIEF-Federated National Holding Company Reports Q4 Earnings Per Share $0.48 (reuters.com)
- Federated National Holding EPS in-line (seekingalpha.com)
- Federated National Holding Company Reports Fourth Quarter and Full Year 2017 Results Nasdaq:FNHC (menafn.com)
- Federated National posts 4Q profit (finance.yahoo.com)
FNHC has been the subject of several research analyst reports. Keefe, Bruyette & Woods set a $22.00 target price on Federated National and gave the company a “buy” rating in a research report on Thursday, December 21st. Zacks Investment Research raised Federated National from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. Finally, ValuEngine raised Federated National from a “sell” rating to a “hold” rating in a research report on Friday, December 29th.
Federated National announced that its Board of Directors has authorized a stock repurchase program on Tuesday, December 19th that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits the insurance provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 1st will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Monday, April 30th. Federated National’s dividend payout ratio is presently -45.07%.
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About Federated National
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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