United Insurance (UIHC) Upgraded at BidaskClub

BidaskClub upgraded shares of United Insurance (NASDAQ:UIHC) from a hold rating to a buy rating in a report released on Friday.

Other research analysts also recently issued research reports about the company. Wells Fargo & Co reissued a buy rating and issued a $18.00 target price on shares of United Insurance in a report on Tuesday, November 7th. Keefe, Bruyette & Woods reissued a buy rating and issued a $20.00 target price on shares of United Insurance in a report on Friday, December 22nd. Zacks Investment Research raised United Insurance from a strong sell rating to a hold rating in a report on Friday, January 12th. Finally, ValuEngine downgraded United Insurance from a hold rating to a sell rating in a report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $19.00.

United Insurance (UIHC) traded up $0.18 during trading on Friday, hitting $19.83. The company had a trading volume of 77,649 shares, compared to its average volume of 167,936. United Insurance has a 12 month low of $13.05 and a 12 month high of $20.31. The stock has a market capitalization of $840.11, a PE ratio of -24.79, a PEG ratio of 0.47 and a beta of 1.54.

United Insurance (NASDAQ:UIHC) last released its quarterly earnings data on Monday, November 6th. The insurance provider reported ($0.50) EPS for the quarter, beating the consensus estimate of ($0.79) by $0.29. United Insurance had a negative return on equity of 2.29% and a negative net margin of 4.54%. equities analysts expect that United Insurance will post 0.75 EPS for the current year.

In other news, Director Michael Hogan bought 2,500 shares of the stock in a transaction on Tuesday, December 12th. The shares were bought at an average price of $16.45 per share, with a total value of $41,125.00. Following the completion of the acquisition, the director now owns 57,438 shares in the company, valued at $944,855.10. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alec Poitevint II bought 1,500 shares of the stock in a transaction on Friday, December 15th. The stock was purchased at an average cost of $16.71 per share, for a total transaction 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 disclosure for this purchase can be found here. 22.60% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its stake in shares of United Insurance by 12.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 89,639 shares of the insurance provider’s stock worth $1,547,000 after buying an additional 10,183 shares during the period. Simplex Trading LLC raised its stake in shares of United Insurance by 1,260.1% in the fourth quarter. Simplex Trading LLC now owns 15,927 shares of the insurance provider’s stock worth $274,000 after buying an additional 14,756 shares during the period. Lido Advisors LLC bought a new position in shares of United Insurance in the third quarter worth about $2,877,000. California State Teachers Retirement System raised its stake in shares of United Insurance by 10.6% in the third quarter. California State Teachers Retirement System now owns 33,385 shares of the insurance provider’s stock worth $544,000 after buying an additional 3,200 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of United Insurance by 14.8% in the third quarter. Dimensional Fund Advisors LP now owns 925,428 shares of the insurance provider’s stock worth $15,084,000 after buying an additional 119,424 shares during the period. 31.54% of the stock is currently owned by hedge funds and other institutional investors.

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United Insurance Company Profile

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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