1347 Property Insurance (NASDAQ:PIH) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday.
According to Zacks, “1347 Property Insurance Holdings, Inc., through its subsidiary, Maison Insurance Company, provides property and casualty insurance products to individuals in Louisiana. Its insurance offerings include homeowners’ insurance, manufactured home insurance and dwelling fire insurance. 1347 Property Insurance Holdings, Inc. is based in Baton Rouge, Louisiana. “
A number of other brokerages have also recently commented on PIH. TheStreet raised shares of 1347 Property Insurance from a “c” rating to a “b-” rating in a report on Monday, August 20th. ValuEngine cut shares of 1347 Property Insurance from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Finally, Boenning Scattergood reaffirmed a “buy” rating and set a $9.00 target price on shares of 1347 Property Insurance in a report on Wednesday, August 15th.
Shares of PIH stock opened at $6.00 on Wednesday. 1347 Property Insurance has a 12 month low of $5.25 and a 12 month high of $8.25. The company has a market cap of $36.93 million, a price-to-earnings ratio of 46.15 and a beta of 0.20.
1347 Property Insurance (NASDAQ:PIH) last announced its earnings results on Tuesday, August 14th. The insurance provider reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.09). 1347 Property Insurance had a net margin of 2.51% and a return on equity of 3.68%. The business had revenue of $14.28 million for the quarter, compared to analysts’ expectations of $14.70 million. As a group, equities research analysts predict that 1347 Property Insurance will post 0.83 EPS for the current year.
In other news, Director Global Investors Fundamental acquired 75,000 shares of 1347 Property Insurance stock in a transaction dated Tuesday, July 31st. The stock was purchased at an average cost of $7.13 per share, with a total value of $534,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 47.20% of the company’s stock.
An institutional investor recently bought a new position in 1347 Property Insurance stock. Dimensional Fund Advisors LP acquired a new position in 1347 Property Insurance Holdings Inc (NASDAQ:PIH) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,405 shares of the insurance provider’s stock, valued at approximately $109,000. Dimensional Fund Advisors LP owned approximately 0.26% of 1347 Property Insurance at the end of the most recent reporting period. Institutional investors and hedge funds own 25.31% of the company’s stock.
1347 Property Insurance Company Profile
1347 Property Insurance Holdings, Inc, through its subsidiaries, provides property and casualty insurance products to individuals in Louisiana, Florida, and Texas. The company offers homeowners' insurance, manufactured home insurance, dwelling fire insurance, and wind/hail insurance products, as well as reinsurance products.
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