Shares of Hilltop Holdings Inc. (NYSE:HTH) traded today at $34.43, eclipsing its 52-week high. So far today approximately 165,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.
Hilltop Holdings Inc. (NYSE:HTH) defies analysts with a current price ($33.95) 2.6% above its average consensus price target of $33.07.
Over the past year, Hilltop Holdings Inc. has traded in a range of $11.05 to $34.43 and is now at $33.95, 207% above that low.
Hilltop Holdings Inc operates a small insurance holding company, NLASCO, that sells fire and homeowners’ insurance through two subsidiaries, National Lloyds Insurance and American Summit Insurance. It targets mobile-home owners in the southern United States, with Texas making up 70% of sales. Hilltop was formed from what had been a realty firm specializing in manufactured housing. It acquired NLASCO in 2007, after which its other assets were sold.
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