Federated National (NASDAQ:FNHC) Receiving Somewhat Favorable Press Coverage, Report Shows

Media stories about Federated National (NASDAQ:FNHC) have trended somewhat positive on Wednesday, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Federated National earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned news headlines about the insurance provider an impact score of 46.7302157458936 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news headlines that may have effected Accern Sentiment’s scoring:

FNHC stock traded down $0.18 on Wednesday, hitting $16.02. The stock had a trading volume of 31,757 shares, compared to its average volume of 43,854. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.45 and a quick ratio of 0.45. Federated National has a 52 week low of $9.78 and a 52 week high of $17.66. The stock has a market cap of $209.94, a P/E ratio of 24.27 and a beta of 1.21.

Federated National (NASDAQ:FNHC) last issued its quarterly earnings data on Tuesday, March 13th. The insurance provider reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. Federated National had a return on equity of 3.79% and a net margin of 2.29%. The business had revenue of $98.29 million for the quarter, compared to the consensus estimate of $85.82 million. equities analysts forecast that Federated National will post 2 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Tuesday, May 1st will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Monday, April 30th. Federated National’s payout ratio is 48.48%.

Federated National declared that its Board of Directors has authorized a share buyback plan on Tuesday, December 19th that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the insurance provider to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

A number of equities research analysts have recently weighed in on FNHC shares. Keefe, Bruyette & Woods set a $22.00 price target on Federated National and gave the stock a “buy” rating in a research note on Thursday, December 21st. Zacks Investment Research raised Federated National from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, ValuEngine raised Federated National from a “sell” rating to a “hold” rating in a research note on Friday, December 29th.

In related news, Director Jenifer G. Kimbrough sold 4,241 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $16.79, for a total value of $71,206.39. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 10.78% of the stock is currently owned by company insiders.

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Federated National 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.

Insider Buying and Selling by Quarter for Federated National (NASDAQ:FNHC)

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