1347 Property Insurance Holdings, Inc. (PIH) Insider Dean Stroud Purchases 1,500 Shares
1347 Property Insurance Holdings, Inc. (NASDAQ:PIH) insider Dean Stroud purchased 1,500 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were purchased at an average cost of $7.68 per share, for a total transaction of $11,520.00. Following the completion of the transaction, the insider now directly owns 1,500 shares of the company’s stock, valued at $11,520. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
1347 Property Insurance Holdings, Inc. (PIH) traded down $0.32 on Wednesday, hitting $7.25. 32,400 shares of the company were exchanged, compared to its average volume of 12,658. 1347 Property Insurance Holdings, Inc. has a one year low of $6.50 and a one year high of $9.00. The company has a market capitalization of $45.27, a price-to-earnings ratio of 94.56 and a beta of 0.29.
Separately, TheStreet lowered shares of 1347 Property Insurance Holdings from a “b-” rating to a “c+” rating in a research report on Tuesday, November 7th.
A number of hedge funds have recently made changes to their positions in the business. Belpointe Asset Management LLC bought a new stake in 1347 Property Insurance Holdings in the third quarter worth about $117,000. Stilwell Value LLC raised its position in 1347 Property Insurance Holdings by 697.5% in the second quarter. Stilwell Value LLC now owns 1,250,480 shares of the insurance provider’s stock worth $1,250,000 after acquiring an additional 1,093,680 shares during the period. Finally, CWA Asset Management Group LLC raised its position in 1347 Property Insurance Holdings by 2.7% in the second quarter. CWA Asset Management Group LLC now owns 975,573 shares of the insurance provider’s stock worth $7,780,000 after acquiring an additional 25,516 shares during the period. 24.29% of the stock is currently owned by institutional investors and hedge funds.
1347 Property Insurance Holdings Company Profile
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.
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