BidaskClub downgraded shares of United Insurance (NASDAQ:UIHC) from a hold rating to a sell rating in a report released on Saturday morning.
UIHC has been the subject of several other reports. Zacks Investment Research downgraded United Insurance from a hold rating to a strong sell rating in a report on Saturday, January 6th. Wells Fargo & Co reissued a buy rating and issued a $18.00 price objective on shares of United Insurance in a report on Tuesday, November 7th. Finally, Keefe, Bruyette & Woods reaffirmed a buy rating and set a $20.00 price target on shares of United Insurance in a report on Friday, December 22nd. Two investment 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. United Insurance currently has a consensus rating of Hold and a consensus target price of $19.50.
Shares of United Insurance (NASDAQ:UIHC) opened at $18.31 on Friday. The firm has a market capitalization of $803.34, a P/E ratio of -22.84, a PEG ratio of 0.42 and a beta of 1.65. United Insurance has a fifty-two week low of $13.60 and a fifty-two week high of $20.31.
Hedge funds and other institutional investors have recently modified their holdings of the stock. First Quadrant L P CA acquired a new stake in shares of United Insurance during the third quarter worth $101,000. Municipal Employees Retirement System of Michigan lifted its holdings in shares of United Insurance by 82.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 7,720 shares of the insurance provider’s stock worth $126,000 after purchasing an additional 3,500 shares during the period. MetLife Investment Advisors LLC acquired a new stake in shares of United Insurance during the fourth quarter worth $149,000. BNP Paribas Arbitrage SA lifted its holdings in shares of United Insurance by 88.6% during the third quarter. BNP Paribas Arbitrage SA now owns 10,119 shares of the insurance provider’s stock worth $165,000 after purchasing an additional 4,754 shares during the period. Finally, Thrivent Financial For Lutherans lifted its holdings in shares of United Insurance by 7.2% during the second quarter. Thrivent Financial For Lutherans now owns 10,750 shares of the insurance provider’s stock worth $169,000 after purchasing an additional 720 shares during the period. 32.36% of the stock is owned by hedge funds and other institutional investors.
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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