Shares of United Insurance Holdings Corp (NASDAQ:UIHC) have been assigned an average recommendation of “Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $21.50.
A number of equities analysts have recently issued reports on UIHC shares. BidaskClub downgraded United Insurance from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Wells Fargo & Co reaffirmed a “buy” rating on shares of United Insurance in a research report on Monday, July 23rd. Finally, Zacks Investment Research downgraded United Insurance from a “hold” rating to a “sell” rating in a research report on Friday, October 5th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its position in shares of United Insurance by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 157,296 shares of the insurance provider’s stock valued at $3,011,000 after acquiring an additional 3,742 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of United Insurance by 4.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 102,555 shares of the insurance provider’s stock valued at $2,009,000 after acquiring an additional 4,107 shares during the period. SG Americas Securities LLC acquired a new position in shares of United Insurance in the 2nd quarter valued at $101,000. Northern Trust Corp increased its position in shares of United Insurance by 3.4% in the 1st quarter. Northern Trust Corp now owns 246,059 shares of the insurance provider’s stock valued at $4,710,000 after acquiring an additional 8,045 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new position in shares of United Insurance in the 3rd quarter valued at $210,000. 32.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of UIHC stock traded down $1.17 during trading hours on Monday, reaching $18.88. 641,578 shares of the company’s stock were exchanged, compared to its average volume of 99,432. The company has a market cap of $844.45 million, a PE ratio of 20.30, a PEG ratio of 0.78 and a beta of 1.72. United Insurance has a fifty-two week low of $15.30 and a fifty-two week high of $22.43.
United Insurance (NASDAQ:UIHC) last issued its quarterly earnings results on Thursday, November 1st. The insurance provider reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.40). The business had revenue of $181.99 million for the quarter, compared to analyst estimates of $174.94 million. United Insurance had a return on equity of 8.35% and a net margin of 3.08%. As a group, sell-side analysts forecast that United Insurance will post 1.26 earnings per share for the current year.
About United Insurance
United Insurance Holdings Corp. operates as a property and casualty insurance holding company that sources, writes, and services residential and commercial property, and casualty insurance policies in the United States. The company offers structure, content, and liability coverage for standard single-family homeowners, renters, and condominium unit owners, as well as dwelling fire policies.
Further Reading: What are trading strategies for the 52-week high/low?
Receive News & Ratings for United Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Insurance and related companies with MarketBeat.com's FREE daily email newsletter.