1347 Property Insurance Holdings (PIH) Getting Favorable Press Coverage, Analysis Shows
Press coverage about 1347 Property Insurance Holdings (NASDAQ:PIH) has trended positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. 1347 Property Insurance Holdings earned a daily sentiment score of 0.26 on Accern’s scale. Accern also assigned news headlines about the insurance provider an impact score of 47.3536487282072 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of 1347 Property Insurance Holdings (PIH) traded up $0.13 during midday trading on Tuesday, hitting $7.13. The stock had a trading volume of 7,700 shares, compared to its average volume of 12,273. 1347 Property Insurance Holdings has a 12-month low of $6.50 and a 12-month high of $9.00. The stock has a market capitalization of $42.45, a P/E ratio of 43.75 and a beta of 0.29.
Separately, TheStreet upgraded 1347 Property Insurance Holdings from a “c” rating to a “b” rating in a report on Monday, October 9th.
In other news, Director Global Investors Fundamental acquired 50,071 shares of 1347 Property Insurance Holdings stock in a transaction on Wednesday, August 16th. The shares were bought at an average cost of $7.73 per share, for a total transaction of $387,048.83. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Financial Services In Kingsway sold 475,428 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $7.85, for a total value of $3,732,109.80. The disclosure for this sale can be found here. Insiders have acquired a total of 650,202 shares of company stock worth $5,119,682 over the last 90 days. 28.10% of the stock is currently owned by company insiders.
About 1347 Property Insurance Holdings
1347 Property Insurance Holdings, Inc is a holding company. The Company, through its subsidiaries, is engaged providing property and casualty insurance. The Company offers homeowners’ insurance, manufactured home insurance and dwelling fire insurance. It writes both full peril property policies, as well as wind/hail only exposures and it distributes policies through independent insurance agents.
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