Alliancebernstein L.P. Invests $171,000 in Federated National Holding Company (FNHC) Stock

Alliancebernstein L.P. acquired a new stake in Federated National Holding Company (NASDAQ:FNHC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,700 shares of the insurance provider’s stock, valued at approximately $171,000. Alliancebernstein L.P. owned approximately 0.08% of Federated National Holding as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of FNHC. American International Group Inc. grew its position in Federated National Holding by 7.0% in the first quarter. American International Group Inc. now owns 7,738 shares of the insurance provider’s stock valued at $135,000 after acquiring an additional 509 shares in the last quarter. UBS Group AG grew its position in shares of Federated National Holding by 29.8% during the first quarter. UBS Group AG now owns 9,101 shares of the insurance provider’s stock worth $159,000 after buying an additional 2,088 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Federated National Holding by 77.5% during the second quarter. Prudential Financial Inc. now owns 25,660 shares of the insurance provider’s stock worth $411,000 after buying an additional 11,200 shares in the last quarter. IndexIQ Advisors LLC acquired a new stake in shares of Federated National Holding during the second quarter worth approximately $434,000. Finally, Stanley Laman Group Ltd. grew its position in shares of Federated National Holding by 7.9% during the second quarter. Stanley Laman Group Ltd. now owns 27,324 shares of the insurance provider’s stock worth $437,000 after buying an additional 2,009 shares in the last quarter. 61.91% of the stock is owned by institutional investors.

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Separately, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Federated National Holding in a report on Thursday, September 21st.

Federated National Holding Company (FNHC) opened at $13.67 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.55 and a quick ratio of 0.55. Federated National Holding Company has a 1-year low of $9.78 and a 1-year high of $21.19.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 1st will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Tuesday, October 31st. Federated National Holding’s dividend payout ratio is presently -45.07%.

Federated National Holding 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.

Institutional Ownership by Quarter for Federated National Holding (NASDAQ:FNHC)

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