United Insurance Holdings Corp. (NASDAQ:UIHC) Given $20.00 Consensus Target Price by Brokerages
Shares of United Insurance Holdings Corp. (NASDAQ:UIHC) have received an average broker rating score of 2.00 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company.
Analysts have set a twelve-month consensus price objective of $20.00 for the company and are anticipating that the company will post $0.60 EPS for the current quarter, according to Zacks. Zacks has also assigned United Insurance Holdings Corp. an industry rank of 165 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised United Insurance Holdings Corp. from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 30th.
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United Insurance Holdings Corp. (NASDAQ:UIHC) traded up 6.46% during midday trading on Friday, hitting $15.99. 124,159 shares of the stock were exchanged. The firm has a 50-day moving average price of $15.99 and a 200-day moving average price of $16.55. The stock has a market cap of $343.37 million, a P/E ratio of 9.95 and a beta of 1.18. United Insurance Holdings Corp. has a one year low of $13.46 and a one year high of $20.04.
United Insurance Holdings Corp. (NASDAQ:UIHC) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.05. United Insurance Holdings Corp. had a return on equity of 14.91% and a net margin of 8.29%. On average, equities research analysts anticipate that United Insurance Holdings Corp. will post $1.57 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of UIHC. Foundry Partners LLC boosted its stake in United Insurance Holdings Corp. by 17.4% in the third quarter. Foundry Partners LLC now owns 191,545 shares of the company’s stock worth $3,252,000 after buying an additional 28,405 shares in the last quarter. American Century Companies Inc. bought a new stake in United Insurance Holdings Corp. during the second quarter worth approximately $609,000. Panagora Asset Management Inc. bought a new stake in United Insurance Holdings Corp. during the second quarter worth approximately $238,000. A.R.T. Advisors LLC bought a new stake in United Insurance Holdings Corp. during the second quarter worth approximately $194,000. Finally, Guggenheim Capital LLC boosted its stake in United Insurance Holdings Corp. by 3.8% in the second quarter. Guggenheim Capital LLC now owns 17,080 shares of the company’s stock worth $279,000 after buying an additional 631 shares in the last quarter. Hedge funds and other institutional investors own 55.97% of the company’s stock.
United Insurance Holdings Corp. 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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