News stories about 1347 Property Insurance (NASDAQ:PIH) have trended positive this week, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. 1347 Property Insurance earned a media sentiment score of 0.35 on Accern’s scale. Accern also gave media coverage about the insurance provider an impact score of 47.1473693394323 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
1347 Property Insurance (NASDAQ PIH) traded down $0.05 during trading on Friday, hitting $6.85. 4,704 shares of the stock were exchanged, compared to its average volume of 4,993. The stock has a market capitalization of $41.00, a price-to-earnings ratio of 85.63 and a beta of 0.21. 1347 Property Insurance has a one year low of $6.55 and a one year high of $9.00.
In other news, major shareholder Financial Services In Kingsway sold 60,000 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $29.00, for a total transaction of $1,740,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 28.10% of the company’s stock.
About 1347 Property Insurance
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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