Previous Close | 0.3559 |
Open | 0.3383 |
Bid | 0.3460 x 1400 |
Ask | 0.3560 x 3100 |
Day's Range | 0.3301 - 0.3800 |
52 Week Range | 0.2600 - 3.1500 |
Volume | |
Avg. Volume | 240,517 |
Market Cap | 6.233M |
Beta (5Y Monthly) | 1.32 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -7.3180 |
Earnings Date | Nov 07, 2022 - Nov 11, 2022 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Nov 13, 2020 |
1y Target Est | 2.00 |
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SUNRISE, Fla., July 06, 2022 (GLOBE NEWSWIRE) -- FedNat Holding Company (Nasdaq: FNHC) (FedNat) announced today that the Florida Office of Insurance Regulation (OIR) has authorized the assumption of approximately 78,000 policies effective June 1, 2022 by Monarch National Insurance Company (Monarch), from a FedNat subsidiary, FedNat Insurance Company (FNIC), resulting in Monarch’s policy count totaling approximately 83,000 policies. This assumption occurred simultaneously with the closing of the
One of South Florida’s largest public companies secured a $15 million investment amid plans to transfer and cancel thousands of insurance policies. Monarch National Insurance Co., a subsidiary of Sunrise-based FedNat Holding Co. (Nasdaq: FNHC), will receive the multimillion-dollar capital injection from Hale Partnership Capital Management. Following its investment, the Charlotte, North Carolina-based independent adviser will become the majority owner of Monarch, with FedNat holding a minority interest.
Announces Plan for Assumption of a Majority of FedNat National Insurance Company’s Florida Policies by Monarch Effective June 1, 2022 and Transfer of Non-Florida Policies to SageSure Carrier Partner Effective July 1, 2022SUNRISE, Fla., May 24, 2022 (GLOBE NEWSWIRE) -- FedNat Holding Company (Nasdaq: FNHC) (FedNat), a regional insurance holding company, has entered into an agreement with Hale Partnership Capital Management LLC (Hale) pursuant to which funds managed by Hale will invest $15,000,000