United Insurance Holdings Corp. (NASDAQ:UIHC)‘s stock had its “buy” rating restated by Wells Fargo & Company in a report released on Wednesday.
Several other equities analysts have also commented on the company. Zacks Investment Research lowered United Insurance Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. ValuEngine upgraded United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. BidaskClub lowered United Insurance Holdings Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, JMP Securities upgraded United Insurance Holdings Corp. from an “underperform” rating to a “market perform” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. United Insurance Holdings Corp. currently has a consensus rating of “Buy” and an average target price of $16.17.
Shares of United Insurance Holdings Corp. (NASDAQ:UIHC) traded up 0.68% during mid-day trading on Wednesday, hitting $16.24. 40,168 shares of the stock were exchanged. United Insurance Holdings Corp. has a 12 month low of $9.52 and a 12 month high of $17.81. The stock’s 50 day moving average is $15.87 and its 200 day moving average is $15.66. The firm has a market cap of $678.82 million, a P/E ratio of 107.55 and a beta of 1.61.
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In related news, Director Alec Poitevint II bought 3,519 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were bought at an average price of $15.03 per share, for a total transaction of $52,890.57. Following the completion of the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at $300,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 22.60% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. Doyle Wealth Management bought a new position in United Insurance Holdings Corp. during the first quarter valued at about $386,000. State Street Corp raised its position in United Insurance Holdings Corp. by 8.5% in the fourth quarter. State Street Corp now owns 329,766 shares of the insurance provider’s stock valued at $4,992,000 after buying an additional 25,846 shares during the period. Rafferty Asset Management LLC bought a new position in United Insurance Holdings Corp. during the first quarter valued at about $817,000. Principal Financial Group Inc. raised its position in United Insurance Holdings Corp. by 1.8% in the first quarter. Principal Financial Group Inc. now owns 134,918 shares of the insurance provider’s stock valued at $2,152,000 after buying an additional 2,370 shares during the period. Finally, Pitcairn Co. bought a new position in United Insurance Holdings Corp. during the first quarter valued at about $338,000. Institutional investors own 27.80% of the company’s stock.
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.
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