The stock of United Insurance Holdings Corp (NASDAQ:UIHC) is a huge mover today! The stock increased 5.13% or $0.77 on October 7, hitting $15.79. About 173,497 shares traded hands or 62.37% up from the average. United Insurance Holdings Corp (NASDAQ:UIHC) has declined 17.56% since March 4, 2016 and is downtrending. It has underperformed by 25.60% the S&P500.
The move comes after 6 months positive chart setup for the $315.50M company. It was reported on Oct, 7 by Barchart.com. We have $27.16 PT which if reached, will make NASDAQ:UIHC worth $227.16M more.
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 $6.19 million for 12.73 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. JMP Securities downgraded the shares of UIHC in a report on Tuesday, January 19 to “Mkt Perform” rating.
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 Q2 2016. Its down 0.89, from 2.23 in 2016Q1. The ratio fall, 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.
Fuller And Thaler Asset Mgmt has 0% invested in the company for 700 shares. Credit Suisse Ag reported 11,002 shares or 0% of all its holdings. Cornerstone Cap Management Holding Limited Liability Company has invested 0.01% of its portfolio in United Insurance Holdings Corp (NASDAQ:UIHC). Blackrock Fund Advisors accumulated 1.19 million shares or 0% of the stock. Gp has 12,903 shares for 0% of their US portfolio. Analytic Ltd, a California-based fund reported 10,364 shares. Bnp Paribas Arbitrage has invested 0% of its portfolio in United Insurance Holdings Corp (NASDAQ:UIHC). Stoneridge Prtn Ltd Llc holds 0.06% of its portfolio in United Insurance Holdings Corp (NASDAQ:UIHC) for 24,238 shares. Menta Capital Limited Liability owns 71,770 shares or 0.16% of their US portfolio. Emerald Mutual Fund Advisers has 0.03% invested in the company for 31,441 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 551 shares or 0% of all its holdings. Ubs Asset Management Americas Incorporated, a Illinois-based fund reported 12,733 shares. Teachers Advisors holds 0% of its portfolio in United Insurance Holdings Corp (NASDAQ:UIHC) for 25,861 shares. Symphony Asset Management Limited Liability last reported 0.06% of its portfolio in the stock. Dimensional Fund Advsr L P accumulated 621,181 shares or 0.01% of the stock.
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, Businesswire.com published: “United Insurance Holdings Corp. Previews Q1-2016 Catastrophe Losses” on April 13, 2016. More interesting news about United Insurance Holdings Corp (NASDAQ:UIHC) were released by: Businesswire.com and their article: “United Insurance Holdings Corp. Reports Financial Results for Its Second …” published on August 02, 2016 as well as Streetinsider.com‘s news article titled: “United Insurance Holdings (UIHC) Enters Merger Agreement with RDX Holding” with publication date: August 17, 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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