Piper Sandler initiated coverage on FedNat Holding with a new price target
$FNHC
Property-Casualty Insurers
Finance
Piper Sandler initiated coverage of FedNat Holding with a rating of Overweight and set a new price target of $7.00
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SUNRISE, Fla., Dec. 12, 2022 (GLOBE NEWSWIRE) -- FedNat Holding Company, a regional insurance holding company, today announced that it and certain of its wholly-owned subsidiaries (collectively, the "Company") have filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Florida in order to maximize value for all stakeholders. As part of the Chapter 11 process, the Company will evaluate all strategic alternatives to maximize value for stakeholders, whether that be a reorganization of its business or a sale of its assets. The Company has approximately $6.5 million of cash on hand, which will provide liquidity to
SUNRISE, Fla., Oct. 26, 2022 (GLOBE NEWSWIRE) -- FedNat Holding Company (the "Company") (NASDAQ:FNHC), a regional insurance holding company, today announced that it has notified The Nasdaq Stock Market LLC ("Nasdaq") of the Company's decision to voluntarily delist its common stock from the Nasdaq Global Market and its intent to file a Form 25 with the U.S. Securities and Exchange Commission (the "SEC") on or about November 7, 2022. The Company has been advised by Nasdaq that, due to concerns regarding the Company's noncompliance with Nasdaq's continued listing requirements, trading in the Company's common stock will not continue beyond the date of filing the Form 25. Therefore, trading in
SUNRISE, Fla., Oct. 26, 2022 (GLOBE NEWSWIRE) -- FedNat Holding Company (the "Company") (NASDAQ:FNHC), a regional insurance holding company, today announced that it has notified The Nasdaq Stock Market LLC ("Nasdaq") of the Company's decision to voluntarily delist its common stock from the Nasdaq Global Market and its intent to file a Form 25 with the U.S. Securities and Exchange Commission (the "SEC") on or about November 7, 2022. As a result, the Company expects the delisting of its common stock to become effective 10 days following such filing, or November 17, 2022. The Company may discuss with market makers for its common stock the possibility of having its common stock quoted on the
SUNRISE, Fla., May 09, 2022 (GLOBE NEWSWIRE) -- FedNat Holding Company (the "Company" or "FedNat") (NASDAQ:FNHC) today reported results for the three months ended March 31, 2022. First Quarter 2022 Results Q1 2022 highlights (as measured against the same three-month period last year, except where noted): Net loss of $31.3 million or $(1.79) per diluted share as compared to net loss of $19.4 million or $(1.35) per diluted share.Adjusted operating loss of $28.9 million or $(1.65) per diluted share as compared to adjusted operating loss of $19.4 million or $(1.35) per diluted share.$31 million or $1.78 per diluted share of catastrophe claims, net of reinsurance recoveries and other offsets
SUNRISE, Fla., April 27, 2022 (GLOBE NEWSWIRE) -- FedNat Holding Company (NASDAQ:FNHC), a regional insurance holding company, will announce its 2022 first quarter financial results after 4:00 PM (ET) on Monday, May 9, 2022. The investor conference call will be held on Tuesday, May 10, 2022, at 11:30 AM (ET). A live webcast of the call will be available in the investor relations section of the FedNat website, or by following this link. Listeners interested in participating in the Q&A session can access the conference call by dialing toll free 1-877-303-6913 and using passcode 6686146. A webcast replay of the conference call will be available shortly after the live webcast is completed and
SUNRISE, Fla., March 03, 2022 (GLOBE NEWSWIRE) -- FedNat Holding Company (the "Company") (NASDAQ:FNHC) today reported results for the three and twelve months ended December 31, 2021. Q4 2021 highlights (as measured against the same three-month period last year, except where noted): Net loss of $8.6 million or $0.49 per diluted share as compared to net loss of $38.1 million or $2.77 per diluted share.Adjusted operating loss of $7.3 million or $0.42 per diluted share as compared to adjusted operating loss of $32.0 million or $2.33 per diluted share.Loss before income taxes of $9.9 million as compared to $47.6 million$8.1 million or $0.46 per diluted share of claims from severe weather even
SUNRISE, Fla., Dec. 12, 2022 (GLOBE NEWSWIRE) -- FedNat Holding Company, a regional insurance holding company, today announced that it and certain of its wholly-owned subsidiaries (collectively, the "Company") have filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Florida in order to maximize value for all stakeholders. As part of the Chapter 11 process, the Company will evaluate all strategic alternatives to maximize value for stakeholders, whether that be a reorganization of its business or a sale of its assets. The Company has approximately $6.5 million of cash on hand, which will provide liquidity to
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Piper Sandler initiated coverage of FedNat Holding with a rating of Overweight and set a new price target of $7.00
8-K/A - FedNat Holding Co (0001069996) (Filer)
8-K - FedNat Holding Co (0001069996) (Filer)
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