Federated National Holding is the Bear of the Day today. The stock has been a Zacks Rank #5 (Strong Sell) since March 14 of this year and has held the lowest rank for the longest of any Zacks Rank #5 (Strong Sell). The next longest streak of being a Zacks Rank #5 (Strong Sell) is AmTrust Financial which landed on the bottom on April 5 of this year. I mention this because both stocks are in the insurance world and specialize in Property and Casualty.
Description
Federated National Holding Company is an insurance holding company, which through its subsidiaries, controls all aspects of the insurance underwriting, distribution and claims processes. The Company underwrites homeowners' property and casualty, commercial general liability, commercial residential property, flood, personal automobile and commercial automobile. It is also licensed to and has the facilities to market and underwrite policies for other insurance carriers' lines of business such as, inland marine, workers' compensation and personal umbrella insurance. Federated National Holding Company, formerly known as 21st Century Holding Company, is based in Sunrise, Florida.
Earnings History
FNHC has missed the Zacks Consensus Estimate in each of the four quarters. Normally that would eliminate a stock like this from my radar screen as management needs to guide Wall Street in a different way. On the topline, however, I see some great consistent growth so I will keep this stock on my radar screen.
Estimate Revision
The Zacks Consensus Estimate for 2017 has moved from $1.90 in March to $1.45 in July and that is not what investors want to see. Investors should wait to see estimates trending higher before buying any stock and that is what the Zacks Rank will do for you.
The Zacks Consensus Estimate for 2018 hasn’t seen a similar move, but it has trended lower. In March the number was $2.50 but it only slipped a dime to $2.40. This tells me visibility for the P&C industry is not that good.
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Bear of the Day: Federated National Holding (FNHC)
Federated National Holding is the Bear of the Day today. The stock has been a Zacks Rank #5 (Strong Sell) since March 14 of this year and has held the lowest rank for the longest of any Zacks Rank #5 (Strong Sell). The next longest streak of being a Zacks Rank #5 (Strong Sell) is AmTrust Financial which landed on the bottom on April 5 of this year. I mention this because both stocks are in the insurance world and specialize in Property and Casualty.
Description
Federated National Holding Company is an insurance holding company, which through its subsidiaries, controls all aspects of the insurance underwriting, distribution and claims processes. The Company underwrites homeowners' property and casualty, commercial general liability, commercial residential property, flood, personal automobile and commercial automobile. It is also licensed to and has the facilities to market and underwrite policies for other insurance carriers' lines of business such as, inland marine, workers' compensation and personal umbrella insurance. Federated National Holding Company, formerly known as 21st Century Holding Company, is based in Sunrise, Florida.
Earnings History
FNHC has missed the Zacks Consensus Estimate in each of the four quarters. Normally that would eliminate a stock like this from my radar screen as management needs to guide Wall Street in a different way. On the topline, however, I see some great consistent growth so I will keep this stock on my radar screen.
Estimate Revision
The Zacks Consensus Estimate for 2017 has moved from $1.90 in March to $1.45 in July and that is not what investors want to see. Investors should wait to see estimates trending higher before buying any stock and that is what the Zacks Rank will do for you.
The Zacks Consensus Estimate for 2018 hasn’t seen a similar move, but it has trended lower. In March the number was $2.50 but it only slipped a dime to $2.40. This tells me visibility for the P&C industry is not that good.
Federated National Holding Company Price and Consensus
Federated National Holding Company Price and Consensus | Federated National Holding Company Quote
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>