News stories about 1347 Property Insurance (NASDAQ:PIH) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. 1347 Property Insurance earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave news coverage about the insurance provider an impact score of 45.0094939449407 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
1347 Property Insurance stock traded up $0.05 during midday trading on Friday, hitting $7.15. 869 shares of the company’s stock were exchanged, compared to its average volume of 4,184. The company has a market capitalization of $42.79, a PE ratio of 89.38 and a beta of 0.21. 1347 Property Insurance has a 12-month low of $6.55 and a 12-month high of $9.00.
In related news, major shareholder Financial Services In Kingsway sold 60,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $29.00, for a total value of $1,740,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Global Investors Fundamental acquired 424,572 shares of 1347 Property Insurance stock in a transaction that occurred on Thursday, March 15th. The stock was acquired at an average cost of $7.85 per share, for a total transaction of $3,332,890.20. The disclosure for this purchase can be found here. 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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