PIH - 1347 Property Insurance Holdings, Inc.

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
5.62
-0.08 (-1.40%)
At close: 2:35PM EST
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Previous Close5.70
Open5.72
Bid4.90 x 800
Ask5.72 x 2900
Day's Range5.61 - 5.72
52 Week Range4.12 - 6.10
Volume786
Avg. Volume11,630
Market Cap34.282M
Beta (5Y Monthly)0.47
PE Ratio (TTM)N/A
EPS (TTM)-1.42
Earnings DateMay 11, 2017 - May 14, 2017
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est7.00
  • American City Business Journals

    Sunrise insurance company completes $51M acquisition

    The public company acquired a Delaware firm's homeowners insurance operations, which includes three companies.

  • Business Wire

     1347 Property Insurance Holdings Completes Sale of Insurance Operations to FedNat

    The total consideration was paid in a combination of cash and stock valued at $51.0 million, consisting of $25.5 million of cash and 1,773,102 shares of FedNat stock. In addition, $18.0 million of outstanding surplus note obligations were repaid to 1347 PIH.

  • GlobeNewswire

    FedNat Completes Acquisition of Homeowners Insurance Operations of 1347 Property Insurance Holdings, Inc.

    FedNat Holding Company (FNHC) (“FedNat” or the “Company”), an insurance holding company, today announced the successful completion of its acquisition of the homeowners insurance operations of 1347 Property Insurance Holdings, Inc. (PIH) (“1347 PIH”), consisting of Maison Insurance Company, Maison Managers, Inc., and ClaimCor LLC (collectively, “Maison”), in a cash and stock transaction valued at approximately $51 million. “This acquisition represents a significant milestone in our long-term strategy to profitably expand FedNat’s core homeowners operations in the southeast United States,” said.

  • Business Wire

    1347 Property Insurance Holdings, Inc. Announces Availability of 2019 Third Quarter Financial Results

    1347 Property Insurance Holdings, Inc. , a property and casualty insurance holding company offering specialty insurance to customers in Louisiana, Texas and Florida through its wholly-owned subsidiary, Maison Insurance Company , today announced the filing of its financial results for its third quarter ended September 30, 2019 on Form 10-Q, which can be found at the SEC’s website at www.sec.gov, or ...

  • Business Wire

    1347 Property Insurance Holdings, Inc. Declares Cash Dividend on Its 8.00% Cumulative Preferred Stock, Series A

    1347 Property Insurance Holdings, Inc. , a property and casualty insurance holding company offering specialty insurance to customers in Louisiana, Texas and Florida through its wholly-owned subsidiary, Maison Insurance Company , announced today that it has declared a quarterly cash dividend on its 8.00% Cumulative Preferred Stock, Series A , for the period commencing on September 15, 2019 and ending ...

  • How Much is 1347 Property Insurance Holdings, Inc.'s (NASDAQ:PIH) CEO Getting Paid?
    Simply Wall St.

    How Much is 1347 Property Insurance Holdings, Inc.'s (NASDAQ:PIH) CEO Getting Paid?

    Doug Raucy became the CEO of 1347 Property Insurance Holdings, Inc. (NASDAQ:PIH) in 2012. First, this article will...

  • Business Wire

    1347 Property Insurance Holdings, Inc. Announces 2019 First Quarter Financial Results

    Book Value per Share Increased to $7.65 as of March 31, 2019

  • Business Wire

    1347 Property Insurance Holdings, Inc. Announces 2018 Fourth Quarter and Full Year Financial Results

    Book Value per Share Increased to $7.53 as of December 31, 2018

  • 1347 Property (PIH) to Report Q4 Results: Wall Street Expects Earnings Growth
    Zacks

    1347 Property (PIH) to Report Q4 Results: Wall Street Expects Earnings Growth

    1347 Property (PIH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • GlobeNewswire

    FedNat Holding Company Announces Closing of Private Placement of $100 Million of Senior Notes

    FedNat Holding Company (the “Company”) (FNHC), an insurance holding company, announced today that it has completed its previously announced private offering of senior unsecured notes. The offering of $100 million of Senior Unsecured Notes due 2029 (the “Notes”), which settled on March 5, 2019, was purchased by institutional investors that are either qualified institutional buyers or institutional accredited investors pursuant to the exemption from registration set forth in Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”). The Company is using a portion of the net proceeds to redeem the $45 million of the Company’s senior notes due 2022 and 2027, and intends to use the remaining net proceeds for the cash component of the consideration payable in connection with the previously announced purchase of interests in Maison Insurance Company, Maison Managers, Inc., and ClaimCor LLC, each a wholly-owned subsidiary of 1347 Property Insurance Holdings, Inc., (PIH) (the “PIH Acquisition”), and general corporate purposes. See the Company’s Form 8-K filed on February 26, 2019 for further information regarding the PIH Acquisition transaction, which continues to be subject to the Company’s receipt of all required regulatory approvals and the satisfaction of the other closing conditions.

  • Business Wire

    1347 Property Insurance Holdings, Inc. Announces Sale of Homeowners’ Insurance Operations to FedNat Holding Company; Remaining Operations Will Be Transitioned into New Growth Strategy Focused on Reinsurance and Investment Management

    1347 Property Insurance Holdings, Inc. (PIH) (the “Company” or “1347 PIH”), today announced a definitive agreement with FedNat Holding Company (FNHC) (“FedNat”) pursuant to which FedNat will acquire substantially all of 1347 PIH’s homeowners’ insurance operations, consisting of Maison Insurance Company, Maison Managers, Inc., and ClaimCor, LLC (collectively, “Maison”), in a cash and stock transaction valued at approximately $51 million. In addition, $18 million of outstanding surplus note obligations will be repaid to 1347 PIH, plus all accrued but unpaid interest. At December 31, 2018, 1347 PIH had approximately 6.0 million shares outstanding.

  • GlobeNewswire

    FedNat Holding Company to Acquire Homeowners Insurance Operations of 1347 Property Insurance Holdings, Inc.

    FedNat Holding Company (FNHC) (“FedNat”) and 1347 Property Insurance Holdings, Inc., (PIH) (“1347 PIH”) announced today a definitive agreement pursuant to which FedNat will acquire substantially all of 1347 PIH’s homeowners insurance operations, consisting of Maison Insurance Company, Maison Managers, Inc., and ClaimCor LLC (collectively, “Maison”), in a cash and stock transaction valued at approximately $51 million. Maison is a property and casualty insurer focused on the coastal homeowners’ markets in Louisiana and Texas, with additional operations in Florida.  For the nine months ended September 30, 2018, Maison reported gross written premium of $70.6 million and total statutory surplus of $35.6 million as of that date.  Maison Insurance Company carries a financial strength rating of “A” (Exceptional) from Demotech.