The stock of Federated National Holding Co (NASDAQ:FNHC) hit a new 52-week low and has $12.33 target or 14.00% below today’s $14.34 share price. The 7 months bearish chart indicates high risk for the $192.92M company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $12.33 price target is reached, the company will be worth $27.01M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 319,290 shares traded hands or 377.44% up from the average. Federated National Holding Co (NASDAQ:FNHC) has declined 10.88% since April 1, 2016 and is downtrending. It has underperformed by 12.09% the S&P500.
Federated National Holding Co (NASDAQ:FNHC) Ratings Coverage
Out of 2 analysts covering Federated National Holding Company (NASDAQ:FNHC), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Federated National Holding Company has been the topic of 2 analyst reports since October 12, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Raymond James given on Tuesday, March 8. The stock of Federated National Holding Co (NASDAQ:FNHC) has “Buy” rating given on Monday, October 12 by Janney Capital.
According to Zacks Investment Research, “Federated National Holding Company is an insurance holding company, which through its subsidiaries, controls all aspects of the insurance underwriting, distribution and claims processes. The Company underwrites homeowners’ property and casualty, commercial general liability, commercial residential property, flood, personal automobile and commercial automobile. It is also licensed to and has the facilities to market and underwrite policies for other insurance carriers’ lines of business such as, inland marine, workers’ compensation and personal umbrella insurance. Federated National Holding Company, formerly known as 21st Century Holding Company, is based in Sunrise, Florida.”
Insitutional Activity: The institutional sentiment increased to 0.98 in Q2 2016. Its up 0.13, from 0.85 in 2016Q1. The ratio improved, as 10 funds sold all Federated National Holding Co shares owned while 33 reduced positions. 16 funds bought stakes while 26 increased positions. They now own 8.57 million shares or 1.73% less from 8.72 million shares in 2016Q1.
Jacobs Levy Equity Management Inc has invested 0.01% of its portfolio in Federated National Holding Co (NASDAQ:FNHC). Swiss Financial Bank has 0% invested in the company for 23,249 shares. Pnc Financial Ser Grp owns 602 shares or 0% of their US portfolio. D E Shaw & holds 12,332 shares or 0% of its portfolio. Vanguard Inc holds 460,684 shares or 0% of its portfolio. Federated Invsts Pa last reported 0% of its portfolio in the stock. Bancorp Of New York Mellon Corp accumulated 139,440 shares or 0% of the stock. California Public Employees Retirement Systems has 0% invested in the company for 75,200 shares. Renaissance Technology Limited Liability Corporation has invested 0.02% of its portfolio in Federated National Holding Co (NASDAQ:FNHC). Rbf Cap Ltd Liability Co last reported 0.09% of its portfolio in the stock. Northern has invested 0% of its portfolio in Federated National Holding Co (NASDAQ:FNHC). Ajo Ltd Partnership has invested 0% of its portfolio in Federated National Holding Co (NASDAQ:FNHC). Ativo Capital Management Ltd Llc holds 0.18% or 38,434 shares in its portfolio. Creative Planning accumulated 500 shares or 0% of the stock. Barclays Public Limited holds 0% of its portfolio in Federated National Holding Co (NASDAQ:FNHC) for 84 shares.
Insider Transactions: Since August 8, 2016, the stock had 0 insider buys, and 2 selling transactions for $535,623 net activity. Shares for $11,672 were sold by DORF CARL on Tuesday, September 13. $523,951 worth of Federated National Holding Co (NASDAQ:FNHC) was sold by PRYGELSKI PETER J.
More recent Federated National Holding Co (NASDAQ:FNHC) news were published by: Marketwatch.com which released: “Federated National Holding Co.” on October 17, 2012. Also Reuters.com published the news titled: “BRIEF-Federated National Holding sees losses of about $4 mln – SEC Filing” on September 07, 2016. Bizjournals.com‘s news article titled: “Names change: 21st Century becoming Federated National Holding Co.” with publication date: September 11, 2012 was also an interesting one.
FNHC Company Profile
Federated National Holding Company (FNHC), incorporated on March 7, 1991, is an insurance holding firm 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 Firm 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. The Firm markets, distributes and services its own and third-party insurers’ products and its other services through a network of independent agents.
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