News headlines about Federated National (NASDAQ:FNHC) have been trending positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Federated National earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 45.7444090171884 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
NASDAQ FNHC traded up $0.07 on Friday, reaching $16.42. The company’s stock had a trading volume of 35,536 shares, compared to its average volume of 65,562. The stock has a market cap of $215.53, a P/E ratio of 27.37 and a beta of 1.03. Federated National has a 52 week low of $9.78 and a 52 week high of $17.50. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.22.
Federated National (NASDAQ:FNHC) last posted its earnings results 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. The business had revenue of $98.29 million for the quarter, compared to analysts’ expectations of $85.82 million. Federated National had a net margin of 2.29% and a return on equity of 3.79%. research analysts anticipate that Federated National will post 2 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Tuesday, May 1st will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, April 30th. This represents a $0.32 annualized dividend and a yield of 1.95%. Federated National’s dividend payout ratio is 53.33%.
Federated National announced that its Board of Directors has authorized a stock buyback program on Tuesday, December 19th that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the insurance provider to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.
FNHC has been the topic of a number of analyst reports. 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. Zacks Investment Research raised shares of Federated National from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, ValuEngine raised shares of Federated National from a “sell” rating to a “hold” rating in a research note on Friday, December 29th.
In other Federated National news, Director Jenifer G. Kimbrough sold 4,241 shares of the company’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $16.79, for a total transaction of $71,206.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.78% of the stock is currently owned by corporate insiders.
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Federated National Company Profile
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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