1347 Property Insurance Holdings, Inc. (PIH) Major Shareholder Financial Services In Kingsway Sells 475,428 Shares of Stock

1347 Property Insurance Holdings, Inc. (NASDAQ:PIH) major shareholder Financial Services In Kingsway sold 475,428 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $7.85, for a total value of $3,732,109.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

1347 Property Insurance Holdings, Inc. (NASDAQ:PIH) traded down 1.1278% during trading on Friday, reaching $7.1188. The company’s stock had a trading volume of 4,176 shares. The stock’s 50-day moving average is $7.62 and its 200 day moving average is $7.65. 1347 Property Insurance Holdings, Inc. has a 52-week low of $6.50 and a 52-week high of $9.00. The firm has a market capitalization of $42.40 million, a price-to-earnings ratio of 44.4925 and a beta of 0.33.

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A hedge fund recently raised its stake in 1347 Property Insurance Holdings stock. Stilwell Value LLC lifted its stake in 1347 Property Insurance Holdings, Inc. (NASDAQ:PIH) by 697.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,250,480 shares of the insurance provider’s stock after acquiring an additional 1,093,680 shares during the period. 1347 Property Insurance Holdings accounts for about 0.9% of Stilwell Value LLC’s investment portfolio, making the stock its 22nd largest position. Stilwell Value LLC owned approximately 21.00% of 1347 Property Insurance Holdings worth $1,250,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 42.64% of the company’s stock.

Separately, TheStreet upgraded 1347 Property Insurance Holdings from a “c” rating to a “b” rating in a 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.

Insider Buying and Selling by Quarter for 1347 Property Insurance Holdings (NASDAQ:PIH)

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