Citadel Advisors LLC acquired a new position in shares of Federated National Holding Company (NASDAQ:FNHC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 75,977 shares of the insurance provider’s stock, valued at approximately $1,216,000. Citadel Advisors LLC owned about 0.55% of Federated National Holding as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of FNHC. Vanguard Group Inc. boosted its holdings in Federated National Holding by 6.9% in the first quarter. Vanguard Group Inc. now owns 488,104 shares of the insurance provider’s stock valued at $8,508,000 after acquiring an additional 31,292 shares during the last quarter. Kestrel Investment Management Corp acquired a new position in Federated National Holding in the second quarter valued at $2,770,000. AQR Capital Management LLC boosted its holdings in Federated National Holding by 20.4% in the first quarter. AQR Capital Management LLC now owns 353,221 shares of the insurance provider’s stock valued at $6,157,000 after acquiring an additional 59,920 shares during the last quarter. Globeflex Capital L P acquired a new position in Federated National Holding in the first quarter valued at $174,000. Finally, Geode Capital Management LLC boosted its holdings in Federated National Holding by 1.3% in the first quarter. Geode Capital Management LLC now owns 261,490 shares of the insurance provider’s stock valued at $4,557,000 after acquiring an additional 3,476 shares during the last quarter. Institutional investors and hedge funds own 62.32% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Citadel Advisors LLC Invests $1.22 Million in Federated National Holding Company (FNHC)” was first reported by Marea Informative and is the property of of Marea Informative. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at http://www.mareainformativa.com/citadel-advisors-llc-invests-1-22-million-in-federated-national-holding-company-fnhc/117097/.

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

Federated National Holding Company (NASDAQ:FNHC) opened at 14.91 on Thursday. Federated National Holding Company has a one year low of $9.78 and a one year high of $21.19. The firm’s market cap is $193.46 million. The company has a 50-day moving average price of $14.55 and a 200-day moving average price of $15.64.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, October 31st. Federated National Holding’s dividend payout ratio is currently -168.42%.

In other news, Director Carl Dorf sold 25,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $16.60, for a total transaction of $415,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 10.78% of the company’s stock.

About Federated National Holding

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.

Want to see what other hedge funds are holding FNHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federated National Holding Company (NASDAQ:FNHC).

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

Receive News & Stock 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 stocks with our FREE daily email newsletter.