JMP Securities analyst Matthew Carletti maintained a Hold rating on FedNat Holding Company (FNHC) on March 1. The company’s shares closed yesterday at $18.53.
According to TipRanks.com, Carletti is a 4-star analyst with an average return of 10.8% and a 75.4% success rate. Carletti covers the Financial sector, focusing on stocks such as National General Holdings, Arch Capital Group Ltd, and Kemper Corp.
The the analyst consensus on FedNat Holding Company is currently a Hold rating.
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Based on FedNat Holding Company’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $9.31 million. In comparison, last year the company had a net profit of $6.3 million.
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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.
