1347 Property Insurance Holdings, Inc. (PIH) Rating Increased to B at TheStreet

1347 Property Insurance Holdings, Inc. (NASDAQ:PIH) was upgraded by stock analysts at TheStreet from a “c” rating to a “b” rating in a research note issued to investors on Monday.

Shares of 1347 Property Insurance Holdings (NASDAQ:PIH) opened at 7.6838 on Monday. The stock’s 50 day moving average is $7.72 and its 200 day moving average is $7.68. The company has a market cap of $45.76 million, a P/E ratio of 48.0238 and a beta of 0.33. 1347 Property Insurance Holdings has a 1-year low of $6.50 and a 1-year high of $9.00.

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In other 1347 Property Insurance Holdings news, COO Dan E. Case bought 31,799 shares of 1347 Property Insurance Holdings stock in a transaction on Tuesday, September 12th. The shares were bought at an average cost of $7.98 per share, for a total transaction of $253,756.02. Following the acquisition, the chief operating officer now directly owns 46,814 shares in the company, valued at $373,575.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Dan E. Case bought 3,278 shares of 1347 Property Insurance Holdings stock in a transaction on Friday, September 15th. The shares were acquired at an average price of $8.10 per share, for a total transaction of $26,551.80. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 179,562 shares of company stock worth $1,422,655. 28.10% of the stock is owned by company insiders.

An institutional investor recently raised its position in 1347 Property Insurance Holdings stock. CWA Asset Management Group LLC grew 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. The institutional investor owned 975,573 shares of the insurance provider’s stock after purchasing an additional 25,516 shares during the quarter. 1347 Property Insurance Holdings makes up 2.5% of CWA Asset Management Group LLC’s investment portfolio, making the stock its 8th largest position. CWA Asset Management Group LLC owned approximately 16.38% of 1347 Property Insurance Holdings worth $7,780,000 at the end of the most recent quarter. 42.68% of the stock is owned by institutional investors.

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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