Zacks: Analysts Set $9.00 Target Price for 1347 Property Insurance Holdings Inc (PIH)
1347 Property Insurance logo1347 Property Insurance Holdings Inc (NASDAQ:PIH) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.Brokerages have set a 1-year consensus price objective of $9.00 for the company and are forecasting that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also given 1347 Property Insurance an industry rank of 109 out of 255 based on the ratings given to related companies.
PIH has been the topic of a number of research analyst reports. Zacks Investment Research lowered 1347 Property Insurance from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Boenning Scattergood initiated coverage on 1347 Property Insurance in a research note on Monday, May 21st. They issued an “outperform” rating and a $9.00 target price on the stock. TheStreet lowered 1347 Property Insurance from a “b-” rating to a “c” rating in a research note on Tuesday, July 10th. Finally, ValuEngine lowered 1347 Property Insurance from a “hold” rating to a “sell” rating in a research note on Friday, June 22nd.
Shares of NASDAQ:PIH traded down $0.05 during midday trading on Wednesday, reaching $7.00. 3,759 shares of the company traded hands, compared to its average volume of 4,047. 1347 Property Insurance has a 12 month low of $6.55 and a 12 month high of $8.25. The firm has a market cap of $41.59 million, a price-to-earnings ratio of 53.85 and a beta of 0.21.
In other 1347 Property Insurance news, Director Global Investors Fundamental bought 75,000 shares of the firm’s stock in a transaction on Tuesday, July 31st. The shares were acquired at an average cost of $7.13 per share, for a total transaction of $534,750.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 98,369 shares of company stock worth $719,426 over the last 90 days. 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 stake in shares of 1347 Property Insurance Holdings Inc (NASDAQ:PIH) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 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 at the end of the most recent quarter. 25.36% of the stock is currently owned by institutional investors.
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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