Shares of United Insurance Holdings Corp. (NASDAQ:UIHC) have been given a consensus broker rating score of 2.00 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company.
Brokerages have set a 12 month consensus price target of $20.00 for the company and are expecting that the company will post $0.60 earnings per share for the current quarter, according to Zacks. Zacks has also given United Insurance Holdings Corp. an industry rank of 194 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of United Insurance Holdings Corp. from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 30th.
Shares of United Insurance Holdings Corp. (NASDAQ:UIHC) opened at 15.79 on Friday. The stock has a market capitalization of $339.07 million, a PE ratio of 9.83 and a beta of 1.18. United Insurance Holdings Corp. has a 52 week low of $13.46 and a 52 week high of $20.04. The stock’s 50 day moving average is $15.99 and its 200 day moving average is $16.53.
United Insurance Holdings Corp. (NASDAQ:UIHC) last released its earnings results on Tuesday, August 2nd. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.50 by $0.05. United Insurance Holdings Corp. had a net margin of 8.29% and a return on equity of 14.91%. Analysts anticipate that United Insurance Holdings Corp. will post $1.57 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC raised its stake in United Insurance Holdings Corp. by 156.5% in the second quarter. Acrospire Investment Management LLC now owns 7,369 shares of the company’s stock valued at $121,000 after buying an additional 4,496 shares in the last quarter. BlackRock Advisors LLC increased its stake in shares of United Insurance Holdings Corp. by 5.0% in the second quarter. BlackRock Advisors LLC now owns 9,123 shares of the company’s stock valued at $149,000 after buying an additional 434 shares during the period. Alliancebernstein L.P. purchased a new stake in shares of United Insurance Holdings Corp. during the second quarter valued at approximately $165,000. Analytic Investors LLC purchased a new stake in shares of United Insurance Holdings Corp. during the second quarter valued at approximately $170,000. Finally, A.R.T. Advisors LLC purchased a new stake in shares of United Insurance Holdings Corp. during the second quarter valued at approximately $194,000. 55.97% of the stock is owned by institutional investors and hedge funds.
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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