1347 Property Insurance Holdings Inc (NASDAQ:PIH) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokers have set a 1-year consensus price objective of $9.00 for the company and are anticipating that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also given 1347 Property Insurance an industry rank of 190 out of 255 based on the ratings given to related companies.
Get 1347 Property Insurance alerts:A number of equities analysts recently weighed in on the company. ValuEngine upgraded 1347 Property Insurance from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. TheStreet lowered 1347 Property Insurance from a “b-” rating to a “c” rating in a research report on Tuesday, July 10th. Finally, Boenning Scattergood assumed coverage on 1347 Property Insurance in a research report on Monday, May 21st. They issued an “outperform” rating and a $9.00 price target for the company.
Shares of 1347 Property Insurance traded up $0.09, reaching $7.09, during midday trading on Monday, Marketbeat reports. The company had a trading volume of 3,320 shares, compared to its average volume of 4,682. 1347 Property Insurance has a 1-year low of $6.55 and a 1-year high of $8.25. The firm has a market capitalization of $41.89 million, a price-to-earnings ratio of 54.51 and a beta of 0.21.
1347 Property Insurance (NASDAQ:PIH) last released its quarterly earnings results on Monday, May 14th. The insurance provider reported $0.32 earnings per share for the quarter. 1347 Property Insurance had a return on equity of 5.34% and a net margin of 4.65%. The business had revenue of $13.54 million during the quarter. analysts anticipate that 1347 Property Insurance will post 0.85 EPS for the current year.
In other 1347 Property Insurance news, Director Global Investors Fundamental acquired 7,710 shares of 1347 Property Insurance stock in a transaction that occurred on Thursday, May 17th. The stock was purchased at an average cost of $7.44 per share, with a total value of $57,362.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders purchased 57,245 shares of company stock valued at $444,931. Company insiders own 47.20% of the company’s stock.
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.
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