1347 Property Insurance Holdings Inc (NASDAQ:PIH) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokers have set a one year consensus price objective of $9.00 for the company and are expecting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also given 1347 Property Insurance an industry rank of 184 out of 257 based on the ratings given to related companies.
A number of research analysts have recently issued reports on PIH shares. ValuEngine upgraded shares of 1347 Property Insurance from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. TheStreet upgraded shares of 1347 Property Insurance from a “c” rating to a “b-” rating in a research report on Monday, August 20th. Boenning Scattergood restated a “buy” rating and issued a $9.00 price target on shares of 1347 Property Insurance in a research report on Wednesday, August 15th. Finally, Zacks Investment Research upgraded shares of 1347 Property Insurance from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 17th.
A hedge fund recently bought a new stake in 1347 Property Insurance stock. Dimensional Fund Advisors LP bought a new stake in shares of 1347 Property Insurance Holdings Inc (NASDAQ:PIH) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 15,405 shares of the insurance provider’s stock, valued at approximately $109,000. Dimensional Fund Advisors LP owned 0.26% of 1347 Property Insurance as of its most recent SEC filing. Institutional investors own 25.31% of the company’s stock.
PIH traded down $0.05 during trading on Friday, reaching $5.63. 8,424 shares of the company’s stock were exchanged, compared to its average volume of 4,633. The firm has a market capitalization of $34.95 million, a price-to-earnings ratio of 43.31 and a beta of 0.37. 1347 Property Insurance has a one year low of $5.25 and a one year high of $8.25.
1347 Property Insurance (NASDAQ:PIH) last issued its quarterly earnings results on Tuesday, August 14th. The insurance provider reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.09). The firm had revenue of $14.28 million during the quarter, compared to analyst estimates of $14.70 million. 1347 Property Insurance had a return on equity of 3.68% and a net margin of 2.51%. As a group, research analysts expect that 1347 Property Insurance will post 0.83 EPS for the current fiscal year.
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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