Financial Services In Kingsway Sells 475,428 Shares of 1347 Property Insurance Holdings, Inc. (PIH) Stock
1347 Property Insurance Holdings, Inc. (NASDAQ:PIH) major shareholder Financial Services In Kingsway sold 475,428 shares of the business’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $7.85, for a total transaction of $3,732,109.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Shares of 1347 Property Insurance Holdings, Inc. (PIH) opened at 7.20 on Friday. The company has a market cap of $42.88 million, a price-to-earnings ratio of 45.00 and a beta of 0.33. 1347 Property Insurance Holdings, Inc. has a 12 month low of $6.50 and a 12 month high of $9.00. The stock has a 50 day moving average of $7.62 and a 200-day moving average of $7.65.
A hedge fund recently raised its stake in 1347 Property Insurance Holdings stock. CWA Asset Management Group LLC boosted its holdings in 1347 Property Insurance Holdings, Inc. (NASDAQ:PIH) by 2.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 975,573 shares of the insurance provider’s stock after purchasing an additional 25,516 shares during the quarter. 1347 Property Insurance Holdings comprises approximately 2.5% of CWA Asset Management Group LLC’s investment portfolio, making the stock its 8th largest holding. CWA Asset Management Group LLC owned about 16.38% of 1347 Property Insurance Holdings worth $7,780,000 at the end of the most recent quarter. 42.64% of the stock is owned by hedge funds and other institutional investors.
Separately, TheStreet raised shares of 1347 Property Insurance Holdings from a “c” rating to a “b” rating in a research report on Monday, October 9th.
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.
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.