Stock Worth Watching: Is Buying Stock Like United Insurance Holdings Corp After Such Increase Winning Strategy?

Stock Worth Watching: Is Buying Stock Like United Insurance Holdings Corp After Such Increase Winning Strategy?

The stock of United Insurance Holdings Corp (NASDAQ:UIHC) is a huge mover today! The stock increased 3.89% or $0.53 during the last trading session, hitting $14.17. About 70,622 shares traded hands. United Insurance Holdings Corp (NASDAQ:UIHC) has declined 11.94% since April 22, 2016 and is downtrending. It has underperformed by 17.35% the S&P500.
The move comes after 7 months positive chart setup for the $308.73M company. It was reported on Nov, 25 by Barchart.com. We have $14.74 PT which if reached, will make NASDAQ:UIHC worth $12.35 million more.

Analysts await United Insurance Holdings Corp (NASDAQ:UIHC) to report earnings on February, 15. They expect $-0.33 earnings per share, down 151.56% or $0.97 from last year’s $0.64 per share. After $0.16 actual earnings per share reported by United Insurance Holdings Corp for the previous quarter, Wall Street now forecasts -306.25% 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”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. United Insurance Holdings Corporation has been the topic of 4 analyst reports since August 6, 2015 according to StockzIntelligence Inc. JMP Securities downgraded United Insurance Holdings Corp (NASDAQ:UIHC) on Tuesday, January 19 to “Mkt Perform” rating. JMP Securities downgraded the shares of UIHC in a report on Wednesday, November 2 to “Mkt Underperform” 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 increased to 1.61 in 2016 Q2. Its up 0.27, from 1.34 in 2016Q1. The ratio improved, 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.
Geode Cap Mngmt Ltd has 254,477 shares for 0% of their US portfolio. Blackrock holds 0% or 2,565 shares in its portfolio. Pnc Svcs Gru Inc has 0% invested in the company for 136 shares. Principal Fincl Group reported 126,127 shares or 0% of all its holdings. Metropolitan Life Insur New York last reported 13,019 shares in the company. Cornerstone Cap Mngmt Hldg Limited Company accumulated 0.01% or 51,800 shares. Moreover, Stoneridge Invest Partners Ltd Liability Corporation has 0.06% invested in United Insurance Holdings Corp (NASDAQ:UIHC) for 24,238 shares. Morgan Stanley last reported 0% of its portfolio in the stock. Sector Pension Investment Board reported 12,318 shares or 0% of all its holdings. Creative Planning holds 0% or 25 shares in its portfolio. Voya Mngmt Ltd Limited Liability Company holds 58,327 shares or 0% of its portfolio. Matarin Cap Lc accumulated 78,098 shares or 0% of the stock. The United Kingdom-based Legal And General Grp Pcl has invested 0% in United Insurance Holdings Corp (NASDAQ:UIHC). Manufacturers Life Ins The last reported 0% of its portfolio in the stock. Hillsdale Investment holds 22,600 shares or 0.11% of its portfolio.

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 Nasdaq.com with their article: “United Insurance Holdings Corp. (UIHC) Ex-Dividend Date Scheduled for November …” published on November 18, 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. Schedules 2016 Third Quarter Financial Results …” published on October 12, 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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