Price Change to Note: Patriot National Inc Just Recorded A Sigfniciant Increase

Price Change to Note: Patriot National Inc Just Recorded A Sigfniciant Increase

The stock of Patriot National Inc (NYSE:PN) is a huge mover today! About 154,930 shares traded hands. Patriot National Inc (NYSE:PN) has declined 27.47% since April 18, 2016 and is downtrending. It has underperformed by 31.90% the S&P500.
The move comes after 9 months positive chart setup for the $181.91M company. It was reported on Nov, 18 by Barchart.com. We have $10.03 PT which if reached, will make NYSE:PN worth $101.87M more.

Patriot National Inc (NYSE:PN) Ratings Coverage

Out of 4 analysts covering Patriot National (NYSE:PN), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. Patriot National has been the topic of 7 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Monday, May 16 by Compass Point. The stock has “Buy” rating given by UBS on Wednesday, August 12. As per Wednesday, November 16, the company rating was downgraded by UBS. On Friday, February 26 the stock rating was maintained by Compass Point with “Buy”. On Friday, December 4 the stock rating was initiated by Compass Point with “Buy”. The firm has “Market Perform” rating given on Friday, December 18 by William Blair. Suntrust Robinson downgraded Patriot National Inc (NYSE:PN) on Friday, February 26 to “Neutral” rating.

According to Zacks Investment Research, “Patriot National Inc is a provider of comprehensive outsourcing solutions within the workers’ compensation marketplace for insurance companies, employers, local governments and reinsurance captives. It provides general agency services, specialty underwriting and policyholder services and claims administration services to its insurance carrier clients and other clients. Patriot National Inc. is headquartered in Fort Lauderdale, Florida.”

More notable recent Patriot National Inc (NYSE:PN) news were published by: Prnewswire.com which released: “Patriot National Rejects $475 Million Offer from Ebix, Inc.” on November 08, 2016, also Seekingalpha.com with their article: “Making Sense Of Patriot National’s Term Loan” published on November 16, 2016, Sun-Sentinel.com published: “Patriot National Inc. mulls $474 million takeover bid” on August 01, 2016. More interesting news about Patriot National Inc (NYSE:PN) were released by: Prnewswire.com and their article: “Patriot National Announces New Appointments to Board of Directors” published on November 17, 2016 as well as Prnewswire.com‘s news article titled: “Patriot National Announces Third Quarter 2016 Financial Results” with publication date: November 14, 2016.

PN Company Profile

Patriot National, Inc., incorporated on November 15, 2013, is an independent national well-known provider of technology-enabled outsourcing solutions that help insurance carriers, employers and other clients mitigate risk and comply with complex regulations. It offers a range of end-to-end insurance related and specialty services. The Firm principally offers approximately two types of services: front-end services, such as brokerage, underwriting and policyholder services, and back-end services, such as claims adjudication and administration. It also offers specialty services, including technology outsourcing and other information technology (IT) services, as well as employment pre-screening and background checks.

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