State Street Corp Grows Holdings in Federated National Holding Company (FNHC)

State Street Corp raised its position in Federated National Holding Company (NASDAQ:FNHC) by 6.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 219,915 shares of the insurance provider’s stock after acquiring an additional 13,834 shares during the period. State Street Corp owned about 1.68% of Federated National worth $3,517,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FNHC. Alliancebernstein L.P. bought a new stake in shares of Federated National during the 2nd quarter worth approximately $171,000. Teachers Advisors LLC raised its stake in shares of Federated National by 5.3% during the 2nd quarter. Teachers Advisors LLC now owns 25,061 shares of the insurance provider’s stock worth $401,000 after purchasing an additional 1,272 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Federated National by 77.5% during the 2nd quarter. Prudential Financial Inc. now owns 25,660 shares of the insurance provider’s stock worth $411,000 after purchasing an additional 11,200 shares in the last quarter. IndexIQ Advisors LLC bought a new stake in shares of Federated National during the 2nd quarter worth approximately $434,000. Finally, Stanley Laman Group Ltd. raised its stake in shares of Federated National by 7.9% during the 2nd quarter. Stanley Laman Group Ltd. now owns 27,324 shares of the insurance provider’s stock worth $437,000 after purchasing an additional 2,009 shares in the last quarter. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Separately, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $21.00 price objective on shares of Federated National in a research note on Thursday, September 21st.

Shares of Federated National Holding Company (NASDAQ:FNHC) opened at $13.69 on Friday. Federated National Holding Company has a 12 month low of $9.78 and a 12 month high of $21.19. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.02.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 1st will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Wednesday, January 31st. Federated National’s dividend payout ratio is currently -45.71%.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece of content can be accessed at https://sportsperspectives.com/2017/12/10/state-street-corp-grows-holdings-in-federated-national-holding-company-fnhc.html.

Federated National 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 (NASDAQ:FNHC)

Receive News & Ratings for Federated National Holding Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federated National Holding Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply