FedNat Holding Company, through its subsidiaries, engages in the insurance underwriting, distribution, and claims processing business in Florida, Louisiana, South Carolina, Texas, and Alabama.
Proven track record with reasonable growth potential.
Share Price & News
How has FedNat Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FNHC has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FNHC exceeded the US Insurance industry which returned -15.4% over the past year.
Return vs Market: FNHC underperformed the US Market which returned 9.5% over the past year.
Price Volatility Vs. Market
How volatile is FedNat Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StThe FedNat Holding (NASDAQ:FNHC) Share Price Is Down 53% So Some Shareholders Are Wishing They Sold
3 weeks ago | Simply Wall StWe Wouldn't Be Too Quick To Buy FedNat Holding Company (NASDAQ:FNHC) Before It Goes Ex-Dividend
1 month ago | Simply Wall StDo Institutions Own FedNat Holding Company (NASDAQ:FNHC) Shares?
Is FedNat Holding undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate FNHC's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate FNHC's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: FNHC is poor value based on its PE Ratio (23.2x) compared to the Insurance industry average (13.5x).
PE vs Market: FNHC is poor value based on its PE Ratio (23.2x) compared to the US market (15.8x).
Price to Earnings Growth Ratio
PEG Ratio: FNHC is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: FNHC is good value based on its PB Ratio (0.7x) compared to the US Insurance industry average (0.9x).
How is FedNat Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FNHC's forecast earnings growth (78.4% per year) is above the savings rate (2.2%).
Earnings vs Market: FNHC's earnings (78.4% per year) are forecast to grow faster than the US market (22% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FNHC's revenue (11.8% per year) is forecast to grow faster than the US market (8.8% per year).
High Growth Revenue: FNHC's revenue (11.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if FNHC's Return on Equity is forecast to be high in 3 years time
How has FedNat Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FNHC has high quality earnings.
Growing Profit Margin: FNHC's current net profit margins (1.6%) are higher than last year (0.9%).
Past Earnings Growth Analysis
Earnings Trend: FNHC's earnings have declined by -41.9% per year over the past 5 years.
Accelerating Growth: FNHC's earnings growth over the past year (95.7%) exceeds its 5-year average (-41.9% per year).
Earnings vs Industry: FNHC earnings growth over the past year (95.7%) exceeded the Insurance industry -0.4%.
Return on Equity
High ROE: FNHC's Return on Equity (2.9%) is considered low.
How is FedNat Holding's financial position?
Financial Position Analysis
Short Term Liabilities: FNHC's short term assets ($514.5M) exceed its short term liabilities ($421.3M).
Long Term Liabilities: FNHC's short term assets ($514.5M) do not cover its long term liabilities ($516.6M).
Debt to Equity History and Analysis
Debt Level: FNHC's debt to equity ratio (41.2%) is considered high.
Reducing Debt: FNHC's debt to equity ratio has increased from 2.3% to 41.2% over the past 5 years.
Debt Coverage: FNHC's debt is well covered by operating cash flow (64.4%).
Interest Coverage: FNHC's interest payments on its debt are not well covered by EBIT (2.2x coverage).
What is FedNat Holding's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FNHC's dividend (2.95%) is higher than the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: FNHC's dividend (2.95%) is low compared to the top 25% of dividend payers in the US market (4.52%).
Stability and Growth of Payments
Stable Dividend: FNHC's dividend payments have been volatile in the past 10 years.
Growing Dividend: FNHC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (66.6%), FNHC's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Michael Braun (52yo)
Mr. Michael H. Braun has been the Chief Executive Officer of FedNat Holding Company (formerly known as Federated National Holding Company) (21st Century Holding Co.) since July 1, 2008 and has been its Pre ...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD1.72M) is about average for companies of similar size in the US market ($USD1.38M).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||3.17yrs||US$606.05k||0.35% $578.4k|
|Chief Accounting Officer & Treasurer||3.17yrs||US$252.97k||0.097% $162.1k|
|VP of Risk Management & Corporate Secretary||no data||US$196.62k||no data|
|President of Federated National Adjusting Inc||13.92yrs||no data||no data|
Experienced Management: FNHC's management team is seasoned and experienced (7.5 years average tenure).
|Independent Chairman of the Board||4.42yrs||US$220.74k||3.77% $6.3m|
|Independent Director||4.67yrs||US$197.12k||0.20% $338.9k|
|Independent Director||0.67yr||US$39.38k||0.085% $141.3k|
|Lead Independent Director||5.17yrs||US$199.74k||1.31% $2.2m|
|Independent Director||0.67yr||US$39.38k||0.085% $141.3k|
|Independent Director||11.17yrs||US$199.74k||0.20% $338.7k|
|Independent Director||4.67yrs||US$194.49k||0.20% $338.9k|
|Independent Director||2.75yrs||US$178.74k||0.16% $265.5k|
Experienced Board: FNHC's board of directors are considered experienced (4.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.5%.
FedNat Holding Company's company bio, employee growth, exchange listings and data sources
- Name: FedNat Holding Company
- Ticker: FNHC
- Exchange: NasdaqGM
- Founded: 1991
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: US$166.678m
- Shares outstanding: 13.67m
- Website: https://www.fednat.com
Number of Employees
- FedNat Holding Company
- 14050 N.W. 14th Street
- Suite 180
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FNHC||NasdaqGM (Nasdaq Global Market)||Yes||Common Stock||US||USD||Nov 1998|
FedNat Holding Company, through its subsidiaries, engages in the insurance underwriting, distribution, and claims processing business in Florida, Louisiana, South Carolina, Texas, and Alabama. The company is involved in the homeowners, and fire property and casualty insurance; and personal automobile insurance businesses, as well as commercial general liability and federal flood businesses. It markets and distributes its own and third-party insurers’ products, and other services through a network of independent and general agents. The company was formerly known as Federated National Holding Company and changed its name to FedNat Holding Company in May 2018. FedNat Holding Company was founded in 1991 and is based in Sunrise, Florida.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/01 02:31|
|End of Day Share Price||2020/05/29 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.