1347 Property Insurance Holdings, Inc. (NASDAQ:PIH) insider Dean Stroud purchased 1,500 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was acquired at an average price of $7.68 per share, for a total transaction of $11,520.00. Following the completion of the purchase, the insider now directly owns 1,500 shares of the company’s stock, valued at approximately $11,520. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
1347 Property Insurance Holdings, Inc. (NASDAQ:PIH) opened at $7.40 on Friday. The company has a market cap of $44.59, a PE ratio of 93.13 and a beta of 0.31. 1347 Property Insurance Holdings, Inc. has a fifty-two week low of $6.50 and a fifty-two week high of $9.00.
Separately, TheStreet cut shares of 1347 Property Insurance from a “b-” rating to a “c+” rating in a report on Tuesday, November 7th.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Belpointe Asset Management LLC bought a new position in 1347 Property Insurance in the 3rd quarter valued at approximately $117,000. CWA Asset Management Group LLC raised its holdings in 1347 Property Insurance by 2.7% in the 2nd quarter. CWA Asset Management Group LLC now owns 975,573 shares of the insurance provider’s stock valued at $7,780,000 after buying an additional 25,516 shares during the last quarter. Finally, Stilwell Value LLC raised its holdings in 1347 Property Insurance by 697.5% in the 2nd quarter. Stilwell Value LLC now owns 1,250,480 shares of the insurance provider’s stock valued at $1,250,000 after buying an additional 1,093,680 shares during the last quarter. Institutional investors and hedge funds own 24.09% of the company’s stock.
TRADEMARK VIOLATION WARNING: “1347 Property Insurance Holdings, Inc. (NASDAQ:PIH) Insider Acquires $11,520.00 in Stock” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/12/08/1347-property-insurance-holdings-inc-pih-insider-dean-stroud-purchases-1500-shares.html.
About 1347 Property Insurance
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.
Receive News & Ratings for 1347 Property Insurance Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 1347 Property Insurance Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.