United Insurance (NASDAQ:UIHC) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday, February 17th.
A number of other research analysts also recently commented on UIHC. Wells Fargo & Co reissued a “buy” rating and issued a $18.00 price objective on shares of United Insurance in a research report on Tuesday, November 7th. Zacks Investment Research raised shares of United Insurance from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 14th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $20.00 price objective on shares of United Insurance in a research report on Friday, December 22nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $21.17.
United Insurance (UIHC) remained flat at $$19.97 during trading on Friday. 107,721 shares of the company’s stock were exchanged, compared to its average volume of 169,996. The firm has a market cap of $855.06, a P/E ratio of 62.41, a P/E/G ratio of 0.47 and a beta of 1.59. United Insurance has a twelve month low of $13.60 and a twelve month high of $20.40.
United Insurance (NASDAQ:UIHC) last announced its quarterly earnings data on Wednesday, February 21st. The insurance provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.20. United Insurance had a net margin of 1.55% and a return on equity of 7.67%. The company had revenue of $181.97 million during the quarter, compared to the consensus estimate of $174.08 million. sell-side analysts expect that United Insurance will post 2.13 EPS for the current fiscal year.
In related news, Director Alec Poitevint II bought 1,500 shares of United Insurance stock in a transaction that occurred on Friday, December 15th. The stock was acquired at an average price of $16.71 per share, with a total value of $25,065.00. Following the acquisition, the director now owns 20,000 shares of the company’s stock, valued at approximately $334,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 22.60% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new stake in shares of United Insurance during the 2nd quarter worth about $330,000. Vanguard Group Inc. boosted its holdings in shares of United Insurance by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 977,451 shares of the insurance provider’s stock worth $15,376,000 after buying an additional 35,477 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of United Insurance by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 806,004 shares of the insurance provider’s stock worth $12,679,000 after buying an additional 24,555 shares during the period. Polaris Capital Management LLC boosted its holdings in shares of United Insurance by 78.6% during the 4th quarter. Polaris Capital Management LLC now owns 254,955 shares of the insurance provider’s stock worth $56,207,000 after buying an additional 112,204 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of United Insurance by 13.3% during the 3rd quarter. Principal Financial Group Inc. now owns 154,716 shares of the insurance provider’s stock worth $2,522,000 after buying an additional 18,155 shares during the period. 32.05% of the stock is owned by institutional investors and hedge funds.
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About United Insurance
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.
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