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By The Online Investor Staff, updated Mon., Dec. 16, 1:13 AM
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Stock Buybacks
| This Slide: #25 of 25 |
Slide #25. FedNat Holding Company
Company:
FedNat Holding Company (NASDAQ:FNHC)
$Amount Authorized:
$10,000,000
Buyback Details:
FedNat Holding Company (NASDAQ: FNHC) ("FedNat" or the "Company"), an insurance holding company, today announced that its Board of Directors has authorized a new share repurchase program, under which the Company may repurchase up to $10 million of its outstanding shares of common stock from January 1, 2020 through December 31, 2020. This new repurchase program becomes effective upon the expiration of the Company's existing share repurchase program which has remaining capacity through the end of the calendar year, expiring on December 31, 2019.
FedNat Holding is an insurance holding company that controls substantially all aspects of the insurance underwriting, distribution and claims processes through its subsidiaries and contractual relationships with independent agents and general agents. Through its subsidiaries, Co. is authorized to underwrite, and/or place homeowners multi-peril, federal flood and other lines of insurance in Florida and other states. Co. markets, distributes and services its own and third-party insurers' products and other services through a network of independent and general agents. Co.'s insurance subsidiary, FedNat Insurance Company, writes flood insurance through the National Flood Insurance Program.
FNHC SEC Filing Email Alerts Service
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Avg. Broker Rec.
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Buy (3.00 out of 4) 39th percentile
(ranked lower than approx. 61% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
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