United Insurance (NASDAQ:UIHC) Cut to Sell at BidaskClub

United Insurance (NASDAQ:UIHC) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Tuesday, April 10th.

Several other equities analysts also recently commented on UIHC. Zacks Investment Research upgraded shares of United Insurance from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 14th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $20.00 target price on shares of United Insurance in a research note on Friday, December 22nd. Wells Fargo reiterated a “buy” rating and set a $20.50 target price on shares of United Insurance in a research note on Wednesday, February 21st. Finally, ValuEngine upgraded shares of United Insurance from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. United Insurance has an average rating of “Hold” and an average price target of $21.33.

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Shares of UIHC stock traded down $0.04 during trading on Tuesday, hitting $18.91. 29,857 shares of the stock traded hands, compared to its average volume of 147,208. United Insurance has a 52-week low of $13.60 and a 52-week high of $20.40. The firm has a market cap of $787.38, a PE ratio of 20.38, a PEG ratio of 0.43 and a beta of 1.58.

United Insurance (NASDAQ:UIHC) last posted its earnings results on Wednesday, February 21st. The insurance provider reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.20. The firm had revenue of $181.97 million during the quarter, compared to the consensus estimate of $174.08 million. United Insurance had a net margin of 1.55% and a return on equity of 7.67%. sell-side analysts forecast that United Insurance will post 2.13 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in UIHC. Dimensional Fund Advisors LP lifted its position in United Insurance by 14.8% in the third quarter. Dimensional Fund Advisors LP now owns 925,428 shares of the insurance provider’s stock valued at $15,084,000 after acquiring an additional 119,424 shares during the last quarter. Polaris Capital Management LLC lifted its position in United Insurance by 78.6% in the fourth quarter. Polaris Capital Management LLC now owns 254,955 shares of the insurance provider’s stock valued at $56,207,000 after acquiring an additional 112,204 shares during the last quarter. BlackRock Inc. lifted its position in United Insurance by 4.1% in the fourth quarter. BlackRock Inc. now owns 2,678,582 shares of the insurance provider’s stock valued at $46,206,000 after acquiring an additional 105,644 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of United Insurance by 51.9% in the fourth quarter. Bank of New York Mellon Corp now owns 282,772 shares of the insurance provider’s stock valued at $4,878,000 after buying an additional 96,604 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of United Insurance by 15.9% in the fourth quarter. Franklin Resources Inc. now owns 676,934 shares of the insurance provider’s stock valued at $11,677,000 after buying an additional 92,800 shares during the last quarter. 32.10% of the stock is owned by hedge funds and other institutional investors.

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United Insurance Company Profile

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.

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