Monday, July 4, 2022

United Insurance coverage (NASDAQ:UIHC) Inventory Score Lowered by Zacks Funding Analysis

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United Insurance coverage (NASDAQ:UIHCGet Score) was downgraded by Zacks Funding Analysis from a “maintain” score to a “sturdy promote” score in a analysis be aware issued to buyers on Saturday, Zacks.com reviews.

In keeping with Zacks, “United Insurance coverage Holdings Corp., along with its subsidiaries, operates as a property and casualty insurance coverage firm. It primarily gives owners and dwelling hearth insurance coverage insurance policies, in addition to gives flood insurance coverage by way of the Nationwide Flood Insurance coverage Program. From its headquarters in St. Petersburg, United’s group of devoted workers manages a very built-in insurance coverage firm, together with gross sales, underwriting, policyholder service and claims. It principally markets its merchandise by way of insurance coverage brokers. “

Individually, StockNews.com assumed protection on United Insurance coverage in a report on Thursday, March thirty first. They set a “maintain” score for the corporate.

Shares of NASDAQ UIHC opened at $1.55 on Friday. The inventory has a fifty day transferring common value of $2.91 and a two-hundred day transferring common value of $3.71. The agency has a market cap of $67.15 million, a P/E ratio of -0.91 and a beta of 0.85. United Insurance coverage has a 1 12 months low of $1.29 and a 1 12 months excessive of $6.34.

United Insurance coverage (NASDAQ:UIHCGet Score) final launched its earnings outcomes on Monday, Might ninth. The insurance coverage supplier reported ($0.68) earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of ($0.10) by ($0.58). United Insurance coverage had a damaging internet margin of 12.75% and a damaging return on fairness of 21.51%. Throughout the identical interval within the earlier 12 months, the enterprise posted ($0.45) earnings per share. On common, analysts predict that United Insurance coverage will publish -1.65 EPS for the present 12 months.

In different United Insurance coverage information, Director Kent G. Whittemore bought 25,000 shares of the inventory in a transaction dated Wednesday, Might eleventh. The shares had been purchased at a median price of $1.46 per share, with a complete worth of $36,500.00. Following the completion of the transaction, the director now owns 334,267 shares within the firm, valued at roughly $488,029.82. The transaction was disclosed in a authorized submitting with the Securities & Change Fee, which may be accessed by way of the SEC web site. Firm insiders personal 55.10% of the corporate’s inventory.

Plenty of hedge funds have just lately added to or decreased their stakes within the inventory. Advisor Group Holdings Inc. lifted its stake in United Insurance coverage by 521.8% through the fourth quarter. Advisor Group Holdings Inc. now owns 7,698 shares of the insurance coverage supplier’s inventory value $34,000 after buying an extra 6,460 shares through the interval. Captrust Monetary Advisors lifted its stake in United Insurance coverage by 948.8% through the third quarter. Captrust Monetary Advisors now owns 9,418 shares of the insurance coverage supplier’s inventory value $34,000 after buying an extra 8,520 shares through the interval. BNP Paribas Arbitrage SA lifted its stake in United Insurance coverage by 64.7% through the fourth quarter. BNP Paribas Arbitrage SA now owns 9,251 shares of the insurance coverage supplier’s inventory value $40,000 after buying an extra 3,633 shares through the interval. Wolverine Buying and selling LLC purchased a brand new place in United Insurance coverage through the fourth quarter value about $43,000. Lastly, Wells Fargo & Firm MN lifted its stake in United Insurance coverage by 1,128,200.0% through the fourth quarter. Wells Fargo & Firm MN now owns 11,283 shares of the insurance coverage supplier’s inventory value $49,000 after buying an extra 11,282 shares through the interval. 24.07% of the inventory is at present owned by institutional buyers and hedge funds.

United Insurance coverage Firm Profile (Get Score)

United Insurance coverage Holdings Corp. operates as a property and casualty insurance coverage holding firm that sources, writes, and providers residential private and business property, and casualty insurance coverage insurance policies in the US. The corporate gives construction, content material, and legal responsibility protection for traditional single-family owners, renters, and condominium unit homeowners.

Additional Studying

Get a free copy of the Zacks analysis report on United Insurance coverage (UIHC)

For extra details about analysis choices from Zacks Funding Analysis, go to Zacks.com



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