1347 Property Insurance Holdings, Inc. (PIH) Director Acquires $387,048.83 in Stock
1347 Property Insurance Holdings, Inc. (NASDAQ:PIH) Director Global Investors Fundamental bought 50,071 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were acquired at an average price of $7.73 per share, for a total transaction of $387,048.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of 1347 Property Insurance Holdings, Inc. (PIH) traded up 1.27% during mid-day trading on Thursday, hitting $8.00. 41,318 shares of the stock traded hands. The company has a market cap of $47.65 million, a P/E ratio of 50.00 and a beta of 0.31. 1347 Property Insurance Holdings, Inc. has a 12 month low of $5.65 and a 12 month high of $9.00. The firm has a 50 day moving average of $7.67 and a 200 day moving average of $7.50.
A hedge fund recently raised its stake in 1347 Property Insurance Holdings stock. CWA Asset Management Group LLC raised its position in 1347 Property Insurance Holdings, Inc. (NASDAQ:PIH) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 975,573 shares of the insurance provider’s stock after buying an additional 25,516 shares during the period. 1347 Property Insurance Holdings comprises about 2.5% of CWA Asset Management Group LLC’s investment portfolio, making the stock its 8th largest position. CWA Asset Management Group LLC owned about 16.38% of 1347 Property Insurance Holdings worth $7,780,000 as of its most recent filing with the SEC. 23.50% of the stock is owned by hedge funds and other institutional investors.
About 1347 Property Insurance Holdings
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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