Stock News in Focus: FedNat Holding Company (NASDAQ: FNHC)

FedNat Holding Company (NASDAQ: FNHC) spotted trading -54.60% off 52-week high price. On the other end, the stock has been noted 6.67% away from the low price over the last 52-weeks. The stock changed 0.83% to recent value of $12.15. The stock transacted 44534 shares during most recent day however it has an average volume of 49.92K shares. The company has 12.8M of outstanding shares and 10.37M shares were floated in the market.

On July 30, 2019, FedNat Holding Company (NASDAQ: FNHC), an insurance holding company, announced that its Board of Directors declared a cash dividend of $0.08 per share of common stock outstanding, payable on September 2, 2019 to shareholders of record on August 16, 2019.

About the Company

The Company is an insurance holding company that controls substantially all aspects of the insurance underwriting, distribution and claims processes through our subsidiaries and contractual relationships with independent agents and general agents. The Company, through our wholly owned subsidiaries, are authorized to underwrite, and/or place homeowners multi-peril, federal flood and other lines of insurance in Florida and other states. We market, distribute and service our own and third-party insurers’ products and other services through a network of independent and general agents.

Forward-Looking Statements

Certain statements made by FedNat Holding Company or on its behalf may contain forward-looking statements within the Private Securities Litigation Reform Act of 1995.

Statements that are not historical fact are forward-looking statements that are subject to certain risks and uncertainties that could cause actual events and results to differ materially from those discussed herein. Without limiting the generality of the foregoing, words such as anticipate, believe, budget, contemplate, continue, could, envision, estimate, expect, guidance, indicate, intend, may, might, plan, possibly, potential, predict, probably, pro-forma, project, seek, should, target, or will or the negative or other variations thereof, and similar words or phrases or comparable terminology, are intended to identify forward-looking statements.

Forward-looking statements might also include, but are not limited to, one or more of the following:

Projections of revenues, income, earnings per share, dividends, capital structure or other financial items or measures;

Descriptions of plans or objectives of management for future operations, insurance products or services;

Forecasts of future insurable events, economic performance, liquidity, need for funding and income; and

Descriptions of assumptions or estimates underlying or relating to any of the foregoing.

Its earnings per share (EPS) expected to touch remained 85.50% for this year while earning per share for the next 5-years is expected to reach at 20.00%. FNHC has a an operating margin of 3.30% while its profit margin remained 0.90% for the last 12 months.

The price moved ahead of -7.10% from the mean of 20 days, -11.26% from mean of 50 days SMA and performed -31.34% from mean of 200 days price. Company’s performance for the week was -0.57%, -14.86% for month and YTD performance remained -39.01%.

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