1347 Property Insurance (PIH) Sets New 52-Week Low at $6.15
1347 Property Insurance Holdings Inc (NASDAQ:PIH)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $6.15 and last traded at $6.32, with a volume of 10 shares changing hands. The stock had previously closed at $6.32.
Several equities analysts recently commented on PIH shares. Boenning Scattergood reiterated a “buy” rating and issued a $9.00 price objective on shares of 1347 Property Insurance in a research note on Wednesday, August 15th. TheStreet upgraded 1347 Property Insurance from a “c” rating to a “b-” rating in a research note on Monday, August 20th. Zacks Investment Research downgraded 1347 Property Insurance from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Finally, ValuEngine downgraded 1347 Property Insurance from a “hold” rating to a “sell” rating in a research note on Friday, June 22nd.
The company has a market cap of $37.11 million, a P/E ratio of 48.46 and a beta of 0.19.
In other 1347 Property Insurance news, Director Global Investors Fundamental bought 75,000 shares of the stock in a transaction on Tuesday, July 31st. The shares were acquired at an average price of $7.13 per share, with a total value of $534,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 47.20% of the stock is currently owned by corporate insiders.
An institutional investor recently bought a new position in 1347 Property Insurance stock. Dimensional Fund Advisors LP bought a new stake in shares of 1347 Property Insurance Holdings Inc (NASDAQ:PIH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,405 shares of the insurance provider’s stock, valued at approximately $109,000. Dimensional Fund Advisors LP owned 0.26% of 1347 Property Insurance at the end of the most recent reporting period. 25.31% of the stock is currently owned by institutional investors.
1347 Property Insurance Company Profile (NASDAQ:PIH)
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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