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FedNat Holding

Nasdaq:FNHC
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FNHC
Nasdaq
$181M
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

FedNat Holding Company, through its subsidiaries, engages in the insurance underwriting, distribution, and claims processing business in the United States. The last earnings update was 7 days ago. More info.


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FNHC Share Price and Events
7 Day Returns
-1.5%
NasdaqGM:FNHC
1.5%
US Insurance
0.3%
US Market
1 Year Returns
-39.6%
NasdaqGM:FNHC
14%
US Insurance
12.5%
US Market
FNHC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
FedNat Holding (FNHC) -1.5% -0.4% 5.5% -39.6% -18.4% -42.6%
US Insurance 1.5% 1.4% 1.3% 14% 27.1% 46.6%
US Market 0.3% 4.1% 5.6% 12.5% 39.4% 44.7%
1 Year Return vs Industry and Market
  • FNHC underperformed the Insurance industry which returned 14% over the past year.
  • FNHC underperformed the Market in United States of America which returned 12.5% over the past year.
Price Volatility
FNHC
Industry
5yr Volatility vs Market

Value

 Is FedNat Holding undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for FedNat Holding. This is due to cash flow or dividend data being unavailable. The share price is $14.04.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for FedNat Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are FedNat Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:FNHC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-0.11
NasdaqGM:FNHC Share Price ** NasdaqGM (2019-11-12) in USD $14.04
United States of America Insurance Industry PE Ratio Median Figure of 89 Publicly-Listed Insurance Companies 16.78x
United States of America Market PE Ratio Median Figure of 2,922 Publicly-Listed Companies 18.25x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of FedNat Holding.

NasdaqGM:FNHC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:FNHC Share Price ÷ EPS (both in USD)

= 14.04 ÷ -0.11

-128.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • FedNat Holding is loss making, we can't compare its value to the US Insurance industry average.
  • FedNat Holding is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does FedNat Holding's expected growth come at a high price?
Raw Data
NasdaqGM:FNHC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -128.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
Not available
United States of America Insurance Industry PEG Ratio Median Figure of 61 Publicly-Listed Insurance Companies 0.95x
United States of America Market PEG Ratio Median Figure of 2,023 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for FedNat Holding, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on FedNat Holding's assets?
Raw Data
NasdaqGM:FNHC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $18.45
NasdaqGM:FNHC Share Price * NasdaqGM (2019-11-12) in USD $14.04
United States of America Insurance Industry PB Ratio Median Figure of 117 Publicly-Listed Insurance Companies 1.17x
United States of America Market PB Ratio Median Figure of 5,066 Publicly-Listed Companies 1.74x
NasdaqGM:FNHC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:FNHC Share Price ÷ Book Value per Share (both in USD)

= 14.04 ÷ 18.45

0.76x

* Primary Listing of FedNat Holding.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • FedNat Holding is good value based on assets compared to the US Insurance industry average.
X
Value checks
We assess FedNat Holding's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. FedNat Holding has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is FedNat Holding expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
53%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is FedNat Holding expected to grow at an attractive rate?
  • FedNat Holding's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • FedNat Holding's earnings growth is expected to exceed the United States of America market average.
  • FedNat Holding's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:FNHC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:FNHC Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 53%
NasdaqGM:FNHC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 6.8%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 5.9%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:FNHC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:FNHC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 466 2
2020-12-31 440 2
2019-12-31 405 1
2019-11-12
NasdaqGM:FNHC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 402 -1
2019-06-30 414 15 2
2019-03-31 404 11 4
2018-12-31 396 30 15
2018-09-30 401 -1 31
2018-06-30 389 -3 18
2018-03-31 392 2 13
2017-12-31 392 13 8
2017-09-30 378 13 -9
2017-06-30 361 73 -3
2017-03-31 334 73 -6
2016-12-31 308 70 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • FedNat Holding's earnings are expected to grow significantly at over 20% yearly.
  • FedNat Holding's revenue is expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:FNHC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from FedNat Holding Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:FNHC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.55 2.55 2.55 1.00
2020-12-31 2.25 2.25 2.25 1.00
2019-12-31 1.40 1.40 1.40 1.00
2019-11-12
NasdaqGM:FNHC Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -0.11
2019-06-30 0.15
2019-03-31 0.28
2018-12-31 1.17
2018-09-30 2.38
2018-06-30 1.38
2018-03-31 1.00
2017-12-31 0.61
2017-09-30 -0.69
2017-06-30 -0.23
2017-03-31 -0.45
2016-12-31 0.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if FedNat Holding will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess FedNat Holding's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
FedNat Holding has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has FedNat Holding performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare FedNat Holding's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • FedNat Holding does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare FedNat Holding's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare FedNat Holding's 1-year growth to the US Insurance industry average as it is not currently profitable.
Earnings and Revenue History
FedNat Holding's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from FedNat Holding Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:FNHC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 402.42 -1.40 35.26
2019-06-30 413.77 1.89 35.47
2019-03-31 404.21 3.60 36.24
2018-12-31 396.09 14.93 36.46
2018-09-30 401.40 30.53 36.01
2018-06-30 389.27 17.86 36.87
2018-03-31 391.69 13.03 36.04
2017-12-31 391.66 7.99 34.48
2017-09-30 377.76 -9.21 31.50
2017-06-30 360.57 -3.09 30.16
2017-03-31 334.36 -6.10 29.15
2016-12-31 307.53 1.02 30.93
2016-09-30 283.24 21.19 44.81
2016-06-30 274.33 30.39 42.05
2016-03-31 261.17 41.14 37.54
2015-12-31 243.47 39.30 26.56
2015-09-30 235.15 41.61 -2.88
2015-06-30 205.70 38.24 2.99
2015-03-31 205.91 38.06 7.35
2014-12-31 200.69 37.20 21.40
2014-09-30 191.64 31.77 32.34
2014-06-30 180.41 27.83 27.71
2014-03-31 149.59 18.82 26.32
2013-12-31 121.74 12.73 7.53
2013-09-30 101.79 9.23 22.76
2013-06-30 87.13 6.70 20.77
2013-03-31 75.77 5.58 18.87
2012-12-31 68.65 4.31 18.44

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if FedNat Holding has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • FedNat Holding used its assets less efficiently than the US Insurance industry average last year based on Return on Assets.
  • It is difficult to establish if FedNat Holding improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess FedNat Holding's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
FedNat Holding has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is FedNat Holding's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up FedNat Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • FedNat Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • FedNat Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of FedNat Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 5.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from FedNat Holding Company Filings, last reported 1 month ago.

NasdaqGM:FNHC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 237.39 98.48 121.42
2019-06-30 230.79 98.44 133.79
2019-03-31 217.92 98.40 100.59
2018-12-31 215.26 44.40 64.42
2018-09-30 222.94 44.38 69.46
2018-06-30 215.03 44.35 83.92
2018-03-31 208.08 44.33 55.59
2017-12-31 227.46 49.25 86.23
2017-09-30 228.76 4.93 81.54
2017-06-30 239.84 4.92 99.53
2017-03-31 241.04 4.91 80.50
2016-12-31 234.47 4.91 74.59
2016-09-30 263.35 4.90 106.20
2016-06-30 265.68 4.90 80.07
2016-03-31 261.19 4.89 72.56
2015-12-31 250.76 4.89 53.04
2015-09-30 241.48 5.00 76.16
2015-06-30 231.44 5.00 96.32
2015-03-31 221.80 5.00 88.16
2014-12-31 192.58 0.00 40.16
2014-09-30 179.72 0.00 45.93
2014-06-30 130.38 0.00 57.50
2014-03-31 117.59 5.21 50.49
2013-12-31 108.49 0.00 41.45
2013-09-30 74.02 4.81 46.99
2013-06-30 69.14 6.05 49.31
2013-03-31 68.67 6.35 28.19
2012-12-31 65.91 5.99 21.14
  • FedNat Holding's level of debt (38.1%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if FedNat Holding's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (16.4%, less than 20% of total debt).
  • FedNat Holding is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess FedNat Holding's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. FedNat Holding has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is FedNat Holding's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.56%
Current annual income from FedNat Holding dividends. Estimated to be 2.71% next year.
If you bought $2,000 of FedNat Holding shares you are expected to receive $51 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • FedNat Holding's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.42%).
  • FedNat Holding's dividend is below the markets top 25% of dividend payers in United States of America (3.67%).
Upcoming dividend payment

Purchase FedNat Holding before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:FNHC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Insurance Industry Average Dividend Yield Market Cap Weighted Average of 78 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1948 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:FNHC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.42 1.00
2020-12-31 0.40 2.00
2019-12-31 0.34 2.00
2019-11-12
NasdaqGM:FNHC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-11-05 0.360 2.532
2019-07-30 0.320 2.377
2019-05-08 0.320 2.326
2019-05-07 0.320 2.079
2019-01-31 0.320 1.855
2018-10-01 0.320 1.521
2018-06-01 0.320 1.339
2018-02-20 0.320 1.844
2017-11-30 0.320 2.105
2017-09-21 0.320 2.160
2017-06-01 0.320 2.090
2017-03-13 0.320 1.976
2016-12-08 0.320 1.659
2016-09-14 0.320 1.828
2016-06-03 0.240 1.229
2016-05-06 0.240 1.121
2016-05-03 0.240 1.158
2016-03-14 0.240 1.244
2016-03-07 0.240 1.203
2016-01-07 0.200 0.826
2015-09-16 0.200 0.714
2015-06-03 0.160 0.673
2015-02-20 0.160 0.563
2014-12-03 0.160 0.598
2014-09-10 0.120 0.445
2014-06-04 0.120 0.509
2014-02-18 0.120 0.660
2013-12-12 0.120 0.901
2013-09-12 0.120 1.110
2013-06-06 0.120 1.198
2013-03-13 0.120 1.541
2013-01-14 0.080 1.393
2012-11-08 0.080 1.449
2012-03-30 0.000 0.000
2012-03-22 0.000 0.000
2011-11-14 0.000 0.000
2011-11-10 0.000 0.000
2011-08-15 0.000 0.000
2011-08-11 0.000 0.000
2011-05-16 0.000 0.000
2011-05-12 0.000 0.000
2011-03-31 0.000 0.000
2011-03-24 0.000 0.000
2010-11-15 0.000 0.000
2010-11-11 0.000 0.000
2010-08-16 0.000 0.000
2010-08-12 0.000 0.000
2010-03-03 0.240 6.233
2009-12-02 0.240 5.842
2009-09-03 0.240 5.836
2009-06-02 0.240 6.963
2009-03-05 0.240 7.768
2008-12-03 0.720 17.027

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of FedNat Holding's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (6.1x coverage).
X
Income/ dividend checks
We assess FedNat Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can FedNat Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. FedNat Holding has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of FedNat Holding's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michael Braun
COMPENSATION $2,423,203
AGE 52
TENURE AS CEO 11.3 years
CEO Bio

Mr. Michael H. Braun has been the Chief Executive Officer of Federated National Holding Company (21st Century Holding Co.) since July 1, 2008 and has been its President since June 2, 2009. He is President, Chief Executive officer of FedNat Insurance Company and serves its Director. Mr. Braun has been the Chief Executive Officer and President of Federated National Insurance Company since July, 2008 and June, 2009 respectively. He has been associated with 21st Century Holding Co. since December 1998 and has been in the insurance industry since 1996. He served as Chief Operating Officer of 21st Century Holding Co. since October 29, 2007 and also served as President of its subsidiary Federated National Insurance Company . He served as the Chairman of Federated National Holding Company since April 2015 and served as its Interim Chairman since March 4, 2015 until January 2016. He has been a Director of Federated National Holding Company (21st Century Holding Co.) since December 29, 2005. He has been a Director of Federated National Insurance Company since December 2005. Mr. Braun was Managing Partner for an independent chain of insurance agencies, which was acquired by Federated National Holding Co. in 1998. He holds a 220 property and Casualty Insurance License with the State of Florida. He earned his Bachelor's degree in Business Administration from Suny University in Buffalo, New York.

CEO Compensation
  • Michael's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Michael's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the FedNat Holding management team in years:

7
Average Tenure
52
Average Age
  • The average tenure for the FedNat Holding management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Michael Braun

TITLE
President
COMPENSATION
$2M
AGE
52
TENURE
11.3 yrs

Ronald Jordan

TITLE
Chief Financial Officer
COMPENSATION
$614K
AGE
51
TENURE
2.6 yrs

Erick Fernandez

TITLE
Chief Accounting Officer & Treasurer
COMPENSATION
$253K
AGE
40
TENURE
2.6 yrs

Gordon Jennings

TITLE
VP of Risk Management & Corporate Secretary
COMPENSATION
$197K
AGE
61

C. Turnau

TITLE
President of Federated National Adjusting Inc
AGE
52
TENURE
13.3 yrs
Board of Directors Tenure

Average tenure and age of the FedNat Holding board of directors in years:

4.1
Average Tenure
67
Average Age
  • The tenure for the FedNat Holding board of directors is about average.
Board of Directors

Bruce Simberg

TITLE
Independent Chairman of the Board
COMPENSATION
$191K
AGE
70
TENURE
3.8 yrs

Michael Braun

TITLE
President
COMPENSATION
$2M
AGE
52
TENURE
13.9 yrs

Richard Wilcox

TITLE
Lead Independent Director
COMPENSATION
$170K
AGE
77
TENURE
4.6 yrs

Jenifer Kimbrough

TITLE
Independent Director
COMPENSATION
$170K
AGE
48
TENURE
10.6 yrs

Thomas Rogers

TITLE
Independent Director
COMPENSATION
$164K
AGE
67
TENURE
4.1 yrs

William Stewart

TITLE
Independent Director
COMPENSATION
$167K
AGE
70
TENURE
4.1 yrs

Roberta Young

TITLE
Independent Director
COMPENSATION
$248K
AGE
70
TENURE
2.2 yrs

Dave Michelson

TITLE
Independent Director
AGE
62
TENURE
0.1 yrs

David Patterson

TITLE
Independent Director
AGE
67
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
22. Oct 19 Sell Lighthouse Investment Partners, LLC Company 07. Oct 19 21. Oct 19 -76,000 $14.71 $-1,077,887
07. Oct 19 Buy Capital Returns Management, LLC Company 28. Aug 19 28. Aug 19 707 $11.43 $8,078
07. Oct 19 Sell Lighthouse Investment Partners, LLC Company 29. Aug 19 04. Oct 19 -142,750 $14.15 $0
07. Oct 19 Buy Lighthouse Investment Partners, LLC Company 13. Aug 19 14. Aug 19 26,071 $13.60 $0
23. Jul 19 Buy Lighthouse Investment Partners, LLC Company 28. May 19 23. Jul 19 143,890 $14.40 $1,754,651
23. Jul 19 Buy Capital Returns Management, LLC Company 28. May 19 23. Jul 19 67,890 $14.40 $827,911
08. Mar 19 Sell Richard Wilcox Individual 06. Mar 19 08. Mar 19 -10,000 $18.33 $-178,060
X
Management checks
We assess FedNat Holding's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. FedNat Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should You Think About Buying FedNat Holding Company (NASDAQ:FNHC) Now?

FedNat Holding Company (NASDAQ:FNHC), which is in the insurance business, and is based in United States, saw significant share price movement during recent months on the NASDAQGM, rising to highs of $16.73 and falling to the lows of $11.49. … Let’s take a look at FedNat Holding’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations.

Simply Wall St -

How FedNat Holding Company (NASDAQ:FNHC) Can Impact Your Portfolio Volatility

A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … Even when they are traded more actively, the share price is often more susceptible to company specific developments than overall market volatility. … What this means for you: Since FedNat Holding is not heavily influenced by market moves, its share price is probably far more dependend on company specific developments.

Simply Wall St -

Is FedNat Holding (NASDAQ:FNHC) A Risky Investment?

NasdaqGM:FNHC Historical Debt, June 19th 2019 How Healthy Is FedNat Holding's Balance Sheet? … While FedNat Holding has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance. … Looking at the most recent two years, FedNat Holding recorded free cash flow of 33% of its EBIT, which is weaker than we'd expect.

Simply Wall St -

Is FedNat Holding Company's (NASDAQ:FNHC) CEO Being Overpaid?

According to our data, FedNat Holding Company has a market capitalization of US$179m, and pays its CEO total annual compensation worth US$2.4m. … Thus we can conclude that Michael Braun receives more in total compensation than the median of a group of companies in the same market, and of similar size to FedNat Holding Company. … We examined the amount FedNat Holding Company pays its CEO, and compared it to the amount paid by similar sized companies.

Simply Wall St -

What Percentage Of FedNat Holding Company (NASDAQ:FNHC) Shares Do Insiders Own?

If you want to know who really controls FedNat Holding Company (NASDAQ:FNHC), then you'll have to look at the makeup of its share registry. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … FedNat Holding is not a large company by global standards.

Simply Wall St -

Does The FedNat Holding Company (NASDAQ:FNHC) Share Price Tend To Follow The Market?

If you're interested in FedNat Holding Company (NASDAQ:FNHC), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Is FedNat Holding Company's (NASDAQ:FNHC) 13% Better Than Average?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows FedNat Holding has a return on equity of 13% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Should FedNat Holding Company's (NASDAQ:FNHC) Recent Earnings Worry You?

Examining how FedNat Holding Company (NASDAQ:FNHC) is performing as a company requires looking at more than just a years' earnings. … Below, I will run you through a simple sense check to build perspective on how FedNat Holding is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its insurance industry peers. … Did FNHC's recent performance beat its trend and industry

Simply Wall St -

Have Investors Priced In FedNat Holding Company's (NASDAQ:FNHC) Growth?

FedNat Holding Company (NASDAQ:FNHC), a insurance company based in United States,. … So, could the stock still be trading at a low price relative to its actual value. … Let’s take a look at FedNat Holding’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

FedNat Holding Company (NASDAQ:FNHC): Is Now A Good Time To Buy?

Growth expectations for FedNat Holding Company (NASDAQ:FNHC) are high, but many investors are starting to ask whether its last close at $22.49 can still be rationalized by the future potential. … See our latest analysis for FedNat Holding? … One reason why investors are attracted to FNHC is the high growth potential in the near future

Simply Wall St -

Company Info

Description

FedNat Holding Company, through its subsidiaries, engages in the insurance underwriting, distribution, and claims processing business in the United States. 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.

Details
Name: FedNat Holding Company
FNHC
Exchange: NasdaqGM
Founded: 1991
$180,685,898
12,869,366
Website: http://www.fednat.com
Address: FedNat Holding Company
14050 N.W. 14th Street,
Suite 180,
Sunrise,
Florida, 33323,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM FNHC Common Stock Nasdaq Global Market US USD 05. Nov 1998
Number of employees
Current staff
Staff numbers
318
FedNat Holding employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/12 23:41
End of day share price update: 2019/11/12 00:00
Last estimates confirmation: 2019/11/07
Last earnings filing: 2019/11/05
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.