Sterne Agee Downgrades United Insurance Holdings Corp. to Neutral (UIHC)
United Insurance Holdings Corp. (NASDAQ:UIHC) was downgraded by Sterne Agee from a “buy” rating to a “neutral” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.
Shares of United Insurance Holdings Corp. (NASDAQ:UIHC) opened at 14.08 on Thursday. United Insurance Holdings Corp. has a 52-week low of $4.77 and a 52-week high of $14.48. The stock’s 50-day moving average is $11.20 and its 200-day moving average is $8.80. The company has a market cap of $227.1 million and a price-to-earnings ratio of 15.09.
United Insurance Holdings Corp. (NASDAQ:UIHC) last announced its earnings results on Wednesday, October 30th. The company reported $0.26 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.26.
Separately, analysts at Zacks upgraded shares of United Insurance Holdings Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, October 11th. They now have a $9.10 price target on the stock.
United Insurance Holdings Corp. (NASDAQ:UIHC) through the Company’s wholly owned subsidiaries, it writes and service property and casualty insurance policies in Florida, South Carolina and Massachusetts.
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