United Insurance Holdings Corp (NASDAQ:UIHC) Director Michael Hogan bought 4,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were purchased at an average cost of $3.22 per share, for a total transaction of $12,880.00. Following the completion of the purchase, the director now owns 84,688 shares in the company, valued at $272,695.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NASDAQ UIHC traded down $0.18 during mid-day trading on Thursday, reaching $12.64. The company had a trading volume of 74,088 shares, compared to its average volume of 124,906. United Insurance Holdings Corp has a twelve month low of $10.72 and a twelve month high of $22.43. The stock has a market capitalization of $539.96 million, a PE ratio of 33.26, a price-to-earnings-growth ratio of 0.96 and a beta of 1.28. The stock’s 50 day moving average is $12.69 and its 200-day moving average is $14.73.
United Insurance (NASDAQ:UIHC) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.17). The business had revenue of $202.05 million during the quarter, compared to the consensus estimate of $201.52 million. United Insurance had a negative return on equity of 2.94% and a negative net margin of 2.09%. Sell-side analysts forecast that United Insurance Holdings Corp will post 0.65 EPS for the current fiscal year.
Large investors have recently modified their holdings of the stock. Bank of Montreal Can raised its position in United Insurance by 183.6% in the second quarter. Bank of Montreal Can now owns 2,408 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 1,559 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of United Insurance during the second quarter valued at approximately $45,000. Aperio Group LLC bought a new position in United Insurance in the second quarter valued at approximately $59,000. BNP Paribas Arbitrage SA boosted its stake in United Insurance by 2,276.7% in the first quarter. BNP Paribas Arbitrage SA now owns 4,278 shares of the insurance provider’s stock valued at $68,000 after acquiring an additional 4,098 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in United Insurance in the first quarter valued at approximately $113,000. Hedge funds and other institutional investors own 37.56% of the company’s stock.
UIHC has been the topic of several recent analyst reports. Wells Fargo & Co set a $15.00 target price on shares of United Insurance and gave the company a “hold” rating in a research note on Friday, July 19th. ValuEngine downgraded shares of United Insurance from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. BidaskClub raised shares of United Insurance from a “sell” rating to a “hold” rating in a research note on Saturday, August 17th. Zacks Investment Research downgraded shares of United Insurance from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 27th. Finally, Raymond James dropped their price target on shares of United Insurance from $18.00 to $15.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $17.75.
About United Insurance
United Insurance Holdings Corp. operates as a property and casualty insurance holding company that sources, writes, and services residential personal and commercial property, and casualty insurance policies in the United States. The company offers structure, content, and liability coverage for standard single-family homeowners, renters, and condominium unit owners, as well as dwelling fire policies.
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