United Insurance Holdings Corp (NASDAQ:UIHC) Director Patrick Maroney bought 1,000 shares of United Insurance stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $12.79 per share, with a total value of $12,790.00. Following the completion of the transaction, the director now owns 8,750 shares of the company’s stock, valued at $111,912.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
United Insurance stock opened at $12.89 on Tuesday. United Insurance Holdings Corp has a 52 week low of $10.72 and a 52 week high of $19.71. The business has a 50-day simple moving average of $12.91 and a 200 day simple moving average of $13.33. The stock has a market cap of $561.18 million, a price-to-earnings ratio of 33.92 and a beta of 1.15.
United Insurance (NASDAQ:UIHC) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.65) by $1.33. United Insurance had a negative return on equity of 5.55% and a negative net margin of 4.12%. The business had revenue of $204.97 million during the quarter, compared to analysts’ expectations of $206.18 million. Equities research analysts predict that United Insurance Holdings Corp will post -0.37 EPS for the current year.
A number of hedge funds have recently modified their holdings of UIHC. Bank of Montreal Can lifted its stake in United Insurance by 183.6% during the second quarter. Bank of Montreal Can now owns 2,408 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 1,559 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in United Insurance during the second quarter worth about $45,000. Aperio Group LLC bought a new stake in United Insurance during the second quarter worth about $59,000. Integre Asset Management LLC bought a new stake in United Insurance during the second quarter worth about $155,000. Finally, Citadel Advisors LLC lifted its stake in United Insurance by 111.0% during the second quarter. Citadel Advisors LLC now owns 11,789 shares of the insurance provider’s stock worth $168,000 after purchasing an additional 118,615 shares during the last quarter. 36.59% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently commented on UIHC. Zacks Investment Research cut United Insurance from a “hold” rating to a “sell” rating in a research report on Friday. BidaskClub upgraded United Insurance from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Wells Fargo & Co restated a “hold” rating and set a $13.00 target price on shares of United Insurance in a research report on Wednesday, October 16th. ValuEngine upgraded United Insurance from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 1st. Finally, Raymond James reduced their target price on United Insurance from $18.00 to $15.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $14.00.
About United Insurance
United Insurance Holdings Corp. operates as a property and casualty insurance holding company that sources, writes, and services residential personal 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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