United Insurance Holdings Corp. (NASDAQ:UIHC) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded United Insurance Holdings Corp. from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. BidaskClub raised United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a report on Friday, August 11th. JMP Securities raised United Insurance Holdings Corp. from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 9th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of United Insurance Holdings Corp. in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $15.25.

United Insurance Holdings Corp. (NASDAQ UIHC) traded down 2.01% during midday trading on Tuesday, reaching $16.05. 96,396 shares of the company’s stock traded hands. The company has a market cap of $682.72 million, a P/E ratio of 106.29 and a beta of 1.59. The stock has a 50-day moving average of $15.92 and a 200 day moving average of $15.81. United Insurance Holdings Corp. has a 52-week low of $9.52 and a 52-week high of $17.81.

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A number of institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in shares of United Insurance Holdings Corp. during the first quarter worth about $144,000. Thrivent Financial For Lutherans purchased a new stake in shares of United Insurance Holdings Corp. during the first quarter worth about $160,000. Citadel Advisors LLC purchased a new stake in shares of United Insurance Holdings Corp. during the first quarter worth about $177,000. Texas Permanent School Fund grew its position in shares of United Insurance Holdings Corp. by 2.0% during the second quarter. Texas Permanent School Fund now owns 13,108 shares of the insurance provider’s stock worth $206,000 after purchasing an additional 256 shares in the last quarter. Finally, State of Tennessee Treasury Department grew its position in shares of United Insurance Holdings Corp. by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 15,198 shares of the insurance provider’s stock worth $242,000 after purchasing an additional 2,294 shares in the last quarter. Institutional investors and hedge funds own 29.32% of the company’s stock.

About United Insurance Holdings Corp.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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