Headlines about Federated National (NASDAQ:FNHC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Federated National earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 47.1247129176645 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of brokerages have issued reports on FNHC. ValuEngine raised shares of Federated National from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Zacks Investment Research raised shares of Federated National from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Finally, Keefe, Bruyette & Woods set a $22.00 target price on shares of Federated National and gave the company a “buy” rating in a research note on Thursday, December 21st.
FNHC stock opened at $16.35 on Friday. 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 1 year low of $9.78 and a 1 year high of $17.50. The firm has a market capitalization of $205.24, a P/E ratio of 27.25 and a beta of 1.03.
Federated National announced that its board has initiated a stock repurchase plan on Tuesday, December 19th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the insurance provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
The firm 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 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Monday, April 30th. Federated National’s payout ratio is presently 53.33%.
In related news, Director Jenifer G. Kimbrough sold 4,241 shares of Federated National stock in a transaction on Friday, March 16th. The shares were sold at an average price of $16.79, for a total value of $71,206.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.78% of the stock is currently owned by insiders.
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About Federated National
Federated National Holding Company, through its subsidiaries, engages in insurance underwriting, distribution, and claims processing business in the United States. The company underwrites homeowner's multi-peril, personal automobile, commercial general liability, federal flood, and other lines of insurance.
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