1347 Property Insurance Holdings Inc (PIH) Receives Average Recommendation of “Strong Buy” from Analysts

Shares of 1347 Property Insurance Holdings Inc (NASDAQ:PIH) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a one year consensus price objective of $7.00 for the company and are expecting that the company will post $0.41 EPS for the current quarter, according to Zacks. Zacks has also given 1347 Property Insurance an industry rank of 183 out of 256 based on the ratings given to its competitors.

A number of brokerages have recently weighed in on PIH. Zacks Investment Research lowered shares of 1347 Property Insurance from a “hold” rating to a “strong sell” rating in a report on Saturday, November 17th. Boenning Scattergood restated a “buy” rating on shares of 1347 Property Insurance in a report on Wednesday, November 14th. Finally, ValuEngine upgraded shares of 1347 Property Insurance from a “sell” rating to a “hold” rating in a report on Friday, October 26th.

An institutional investor recently bought a new position in 1347 Property Insurance stock. Dimensional Fund Advisors LP purchased a new stake in shares of 1347 Property Insurance Holdings Inc (NASDAQ:PIH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,405 shares of the insurance provider’s stock, valued at approximately $109,000. Dimensional Fund Advisors LP owned about 0.26% of 1347 Property Insurance as of its most recent SEC filing. Institutional investors and hedge funds own 25.53% of the company’s stock.

Shares of PIH opened at $4.26 on Monday. The company has a market capitalization of $24.69 million, a PE ratio of 32.77 and a beta of 0.61. 1347 Property Insurance has a fifty-two week low of $3.75 and a fifty-two week high of $8.25.

1347 Property Insurance (NASDAQ:PIH) last announced its quarterly earnings data on Tuesday, November 13th. The insurance provider reported ($0.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.23). The business had revenue of $14.42 million during the quarter, compared to the consensus estimate of $16.30 million. 1347 Property Insurance had a return on equity of 6.20% and a net margin of 2.55%. On average, research analysts predict that 1347 Property Insurance will post 0.6 earnings per share for the current year.

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.

See Also: Certificate of Deposit (CD)

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