The stock of United Insurance Holdings Corp (NASDAQ:UIHC) is a huge mover today! About 361,404 shares traded hands or 279.92% up from the average. United Insurance Holdings Corp (NASDAQ:UIHC) has declined 14.14% since March 3, 2016 and is downtrending. It has underperformed by 22.49% the S&P500.
The move comes after 9 months negative chart setup for the $328.94M company. It was reported on Oct, 6 by Barchart.com. We have $13.35 PT which if reached, will make NASDAQ:UIHC worth $39.47M less.
Analysts await United Insurance Holdings Corp (NASDAQ:UIHC) to report earnings on October, 26. They expect $0.31 earnings per share, down 31.11% or $0.14 from last year’s $0.45 per share. UIHC’s profit will be $6.72M for 12.23 P/E if the $0.31 EPS becomes a reality. After $0.45 actual earnings per share reported by United Insurance Holdings Corp for the previous quarter, Wall Street now forecasts -31.11% negative EPS growth.
United Insurance Holdings Corp (NASDAQ:UIHC) Ratings Coverage
Out of 2 analysts covering United Insurance Holdings Corporation (NASDAQ:UIHC), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. United Insurance Holdings Corporation has been the topic of 3 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was downgraded by JMP Securities to “Mkt Perform” on Tuesday, January 19.
According to Zacks Investment Research, “United Insurance Holdings Corp., together with its subsidiaries, operates as a property and casualty insurance company. It primarily offers homeowners and dwelling fire insurance policies, as well as provides flood insurance through the National Flood Insurance Program. From its headquarters in St. Petersburg, United’s team of dedicated employees manages a completely integrated insurance company, including sales, underwriting, policyholder service and claims. It principally markets its products through insurance agents.”
Insitutional Activity: The institutional sentiment decreased to 1.34 in 2016 Q2. Its down 0.89, from 2.23 in 2016Q1. The ratio is negative, as 12 funds sold all United Insurance Holdings Corp shares owned while 32 reduced positions. 22 funds bought stakes while 37 increased positions. They now own 12.53 million shares or 11.16% more from 11.27 million shares in 2016Q1.
Blackrock Fund holds 1.19 million shares or 0% of its portfolio. Public Sector Pension Board last reported 0% of its portfolio in the stock. Envestnet Asset Mgmt reported 1,087 shares or 0% of all its holdings. Pnc Fincl Service Grp Inc accumulated 0% or 136 shares. Northern Corp holds 0% or 197,270 shares in its portfolio. National Bank & Trust Of America Corp De has invested 0% of its portfolio in United Insurance Holdings Corp (NASDAQ:UIHC). Tiaa Cref Investment Management Limited Com has 0% invested in the company for 133,744 shares. Alliancebernstein Lp accumulated 0% or 10,100 shares. Pinebridge Investments Ltd Partnership owns 2,100 shares or 0% of their US portfolio. The New York-based Metropolitan Life Ny has invested 0% in United Insurance Holdings Corp (NASDAQ:UIHC). Manufacturers Life Ins The accumulated 12,802 shares or 0% of the stock. Symphony Asset Mngmt Llc has invested 0.06% of its portfolio in United Insurance Holdings Corp (NASDAQ:UIHC). Amer Group Inc Incorporated holds 0% or 12,903 shares in its portfolio. The New York-based Paradigm Asset Mngmt Limited has invested 0% in United Insurance Holdings Corp (NASDAQ:UIHC). Massachusetts Financial Service Ma accumulated 0% or 24,829 shares.
More notable recent United Insurance Holdings Corp (NASDAQ:UIHC) news were published by: Businesswire.com which released: “United Insurance Holdings Corp. Completes Its Acquisition of Interboro …” on April 29, 2016, also Businesswire.com with their article: “United Insurance Holdings Corp. Schedules 2016 Second Quarter Financial …” published on July 19, 2016, Streetinsider.com published: “United Insurance Holdings (UIHC) Enters Merger Agreement with RDX Holding” on August 17, 2016. More interesting news about United Insurance Holdings Corp (NASDAQ:UIHC) were released by: Businesswire.com and their article: “United Insurance Holdings Corp. Previews Q1-2016 Catastrophe Losses” published on April 13, 2016 as well as Businesswire.com‘s news article titled: “United Insurance Holdings Corp. Reports Financial Results for Its Second …” with publication date: August 02, 2016.
UIHC Company Profile
United Insurance Holdings Corp., incorporated on May 22, 2007, is a property and casualty insurance holding firm 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. The Company’s other subsidiaries include United Insurance Management, L.C., the managing general agent that manages substantially all aspects of United Property & Casualty Insurance Company’s business; Skyway Claims Services, LLC, which provides services to its insurance affiliate; UPC Re, which provides a portion of the reinsurance protection purchased by its insurance affiliate, and Family Security Holdings, LLC (FSH).
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