It has started to drift a little lower since the resent run up after the tender offer - possible some of those shares are being dumped to gain some profits from the long hold and no action on the PPS of Farmers.
Management needs to come out now and increase the dividend slightly to stabilize the share price or we will go down to the low $3.'s in my opinion.
Farmers isn't use to all this volume and can only create a little uneasyness from the new shareholders whom bought up the rest of the offer at public sale (880k @ $3.) share ; or some of those shares are being sold off by profit takers , either way it will affect those of us that hold onto ours. That is why management needs to act on a slight increase of dividend or watch the price per share deminish. Just my forward looking opinion.