1347 Property Insurance Holdings, Inc. Buyback
OLI recorded this information on 12/1/2014
Company:
1347 Property Insurance Holdings, Inc.
Buyback:
PIH buyback
Share Amount Authorized:
500,000.00
Buyback Details:
1347 Property Insurance Holdings, Inc. (NASDAQ:PIH) ("PIH" or "the Company"), a property and casualty insurance holding company offering homeowners' and dwelling insurance to individuals in Louisiana through its wholly-owned subsidiary, Maison Insurance Company ("Maison"), today announced that its Board of Directors has approved a share repurchase program of up to 500,000 shares of common stock. Over the next 12 months, the repurchases will be made from time to time in open market transactions, privately-negotiated transactions, block purchases, or otherwise in accordance with Federal securities laws at the discretion of the Company's management. The Company's decisions around the timing, volume, and nature of share repurchases will be dependent on market conditions, applicable securities laws, and other factors. The share repurchase program and the Board's authorization of the program may be modified, suspended, or discontinued at any time.
1347 Property Insurance Holdings is a holding company. Co.'s wholly owned subsidiary, Fundamental Global Advisors, LLC, serves as an investment advisor to FedNat Holding Company under an investment advisory agreement. In addition, Co. is in the process of forming a wholly owned reinsurance subsidiary, Fundamental Global Reinsurance Ltd., to provide specialty property and casualty reinsurance.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
