In a report released yesterday, Arash Soleimani from KBW reiterated a Buy rating on Federated National (NASDAQ: FNHC), with a price target of $27. The company’s shares closed yesterday at $23.79, close to its 52-week high of $24.37.
According to TipRanks.com, Soleimani is a 4-star analyst with an average return of 7.9% and a 67.2% success rate. Soleimani covers the Financial sector, focusing on stocks such as Universal Insurance Holdings Inc, United Insurance Holdings, and Pro-Assurance Corp.
Currently, the analyst consensus on Federated National is a Moderate Buy with an average price target of $27.
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Federated National’s market cap is currently $302.6M and has a P/E ratio of 23.55. The company has a Price to Book ratio of 1.45.
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FedNat Holding Co. engages in the provision of insurance services. It offers underwriting services to homeowners multi-peril, personal automobile, commercial general liability, federal flood, and other lines of insurance. The company was founded by Edward J. Lawson and Michele V. Lawson in 1991 and is headquartered in Sunrise, FL.
