TheStreet Upgrades 1347 Property Insurance (PIH) to “B-“

TheStreet upgraded shares of 1347 Property Insurance (NASDAQ:PIH) from a c+ rating to a b- rating in a research note released on Tuesday morning.

Separately, Boenning Scattergood began coverage on 1347 Property Insurance in a research report on Monday, May 21st. They issued an outperform rating and a $9.00 price target for the company.

Shares of NASDAQ:PIH opened at $7.70 on Tuesday. 1347 Property Insurance has a fifty-two week low of $6.55 and a fifty-two week high of $8.50. The stock has a market capitalization of $45.78 million, a price-to-earnings ratio of 59.23 and a beta of 0.21.

1347 Property Insurance (NASDAQ:PIH) last announced its quarterly earnings results on Monday, March 26th. The insurance provider reported $0.31 earnings per share for the quarter. 1347 Property Insurance had a return on equity of 5.34% and a net margin of 4.65%. The company had revenue of $11.15 million during the quarter. sell-side analysts expect that 1347 Property Insurance will post 1.15 EPS for the current fiscal year.

In related news, Director Global Investors Fundamental purchased 7,710 shares of 1347 Property Insurance stock in a transaction on Thursday, May 17th. The stock was bought at an average price of $7.44 per share, with a total value of $57,362.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 60,229 shares of company stock valued at $519,531 in the last ninety days. Insiders own 47.20% of the company’s stock.

An institutional investor recently raised its position in 1347 Property Insurance stock. CWA Asset Management Group LLC grew its stake in 1347 Property Insurance Holdings Inc (NASDAQ:PIH) by 3.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,010,973 shares of the insurance provider’s stock after buying an additional 35,400 shares during the period. 1347 Property Insurance makes up approximately 1.9% of CWA Asset Management Group LLC’s holdings, making the stock its 11th biggest position. CWA Asset Management Group LLC owned about 16.91% of 1347 Property Insurance worth $7,330,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 24.86% 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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