United Insurance Holdings Corp. (UIHC) Rating Lowered to Sell at ValuEngine

ValuEngine downgraded shares of United Insurance Holdings Corp. (NASDAQ:UIHC) from a hold rating to a sell rating in a research note released on Tuesday, October 17th.

Other equities research analysts have also recently issued reports about the stock. JMP Securities upgraded shares of United Insurance Holdings Corp. from an underperform rating to a market perform rating in a research note on Wednesday, August 9th. Wells Fargo & Company reiterated a buy rating on shares of United Insurance Holdings Corp. in a research report on Wednesday, August 9th. Zacks Investment Research cut shares of United Insurance Holdings Corp. from a hold rating to a strong sell rating in a research report on Friday, July 14th. Finally, BidaskClub cut shares of United Insurance Holdings Corp. from a hold rating to a sell rating in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. United Insurance Holdings Corp. has a consensus rating of Buy and a consensus price target of $15.25.

Shares of United Insurance Holdings Corp. (UIHC) opened at 15.86 on Tuesday. United Insurance Holdings Corp. has a 52-week low of $9.52 and a 52-week high of $17.81. The firm has a market cap of $674.64 million, a price-to-earnings ratio of 105.03 and a beta of 1.59. The company’s 50-day moving average is $16.00 and its 200 day moving average is $15.85.

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A number of large investors have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. purchased a new position in United Insurance Holdings Corp. during the 3rd quarter valued at about $304,000. First Quadrant L P CA bought a new stake in shares of United Insurance Holdings Corp. in the 3rd quarter valued at approximately $101,000. Capital Returns Management LLC grew its stake in shares of United Insurance Holdings Corp. by 140.9% in the 2nd quarter. Capital Returns Management LLC now owns 604,653 shares of the insurance provider’s stock valued at $9,511,000 after buying an additional 353,700 shares in the last quarter. State Street Corp grew its stake in shares of United Insurance Holdings Corp. by 4.3% in the 2nd quarter. State Street Corp now owns 371,275 shares of the insurance provider’s stock valued at $5,841,000 after buying an additional 15,179 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of United Insurance Holdings Corp. by 75.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 77,458 shares of the insurance provider’s stock valued at $1,218,000 after buying an additional 33,275 shares in the last quarter. 29.32% of the stock is currently owned by institutional investors.

About United Insurance Holdings Corp.

United Insurance Holdings Corp. is a property and casualty insurance holding company that sources, writes and services residential property and casualty insurance policies using a network of agents and a group of insurance subsidiaries. The Company’s insurance subsidiary is United Property & Casualty Insurance Company.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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