Federated National (FNHC) Approves $10M Common Stock Buyback Program
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Federated National Holding Company Authorizes $10 Million Share Repurchase Program
November 29, 2016 9:15 AM ESTSUNRISE, Fla., Nov. 29, 2016 (GLOBE NEWSWIRE) -- Federated National Holding Company (the Company) (NASDAQ: FNHC), an insurance holding company, announced today that its Board of Directors authorized an additional share repurchase program under which the Company may repurchase up to an additional $10 million of its outstanding shares of common stock through March 1, 2017. The Company may repurchase shares in open market transactions or under Rule 10b5-1 trading plans from time to time in its discretion, based on ongoing assessments of the Companys capital needs, the market price of its common stock and general... More
