One company that should be on your radar is Federated National Holding Company ( FNHC ). The stock of this Florida based insurance holding company has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For FNHC's full year estimate, we have seen 2 estimates go higher in the past 30 days, compared to no estimate moving lower. This trend has helped the consensus estimate to trend higher, going from 98 cents a share a month ago to its current level at $1.23.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, FNHC has seen some pretty solid trading lately, as the company has moved higher by 28.29% in the past month.
If Federated Corporation can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put FNHC on your watch list for the future.
Other top-ranked stocks worth considering in this space include American Financial Group Inc. ( AFG ), EMC Corporation ( EMC ) and Global Indemnity plc ( GBLI ). All these carry a Zacks Rank #1(Strong Buy).
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