1347 Property Insurance (NASDAQ:PIH) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Saturday.

According to Zacks, “1347 Property Insurance Holdings, Inc., through its subsidiary, Maison Insurance Company, provides property and casualty insurance products to individuals in Louisiana. Its insurance offerings include homeowners’ insurance, manufactured home insurance and dwelling fire insurance. 1347 Property Insurance Holdings, Inc. is based in Baton Rouge, Louisiana. “

Other equities analysts have also recently issued research reports about the company. TheStreet upgraded 1347 Property Insurance from a “c” rating to a “b-” rating in a research note on Monday, August 20th. Boenning Scattergood reiterated a “buy” rating and issued a $9.00 price objective on shares of 1347 Property Insurance in a research note on Wednesday, August 15th. Finally, ValuEngine upgraded 1347 Property Insurance from a “sell” rating to a “hold” rating in a research note on Friday, October 26th.

Shares of 1347 Property Insurance stock opened at $5.32 on Friday. 1347 Property Insurance has a 12 month low of $5.25 and a 12 month high of $8.25. The stock has a market cap of $31.85 million, a P/E ratio of 15.19 and a beta of 0.37.

A hedge fund recently bought a new stake in 1347 Property Insurance stock. Dimensional Fund Advisors LP bought a new position in shares of 1347 Property Insurance Holdings Inc (NASDAQ:PIH) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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. 25.20% of the stock is owned by institutional investors.

About 1347 Property Insurance

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.

Recommended Story: Hedge Funds

Get a free copy of the Zacks research report on 1347 Property Insurance (PIH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for 1347 Property Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 1347 Property Insurance and related companies with MarketBeat.com's FREE daily email newsletter.