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Weakness Seen in Federated National Holding (FNHC): Stock Plunges 10.0%
July 31, 2014

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Federated National Holding Company (FNHC - Free Report) saw a big move last session, as the company’s shares fell by 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for FNHC, as the stock is now down over 18% in the past one-month time frame.

The company, engaged in insurance underwriting, distribution, and claims processing, has not seen any estimate revision over the past month, and the current year earnings consensus hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.

FNHC currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the Property and Casualty Insurance industry include AmTrust Financial Services, Inc. (AFSI - Free Report) , Alleghany Corporation (Y - Free Report) and Navigators Group Inc. (NAVG - Free Report) .  All these stocks carry a Zacks Rank #1 (Strong Buy).

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