United Insurance Holdings Corp. (UIHC) Sees Large Volume Increase
Shares of United Insurance Holdings Corp. (NASDAQ:UIHC) saw an uptick in trading volume on Wednesday . 164,102 shares traded hands during mid-day trading, an increase of 22% from the previous session’s volume of 134,432 shares.The stock last traded at $16.05 and had previously closed at $16.00.
Separately, Zacks Investment Research cut shares of United Insurance Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Friday, April 29th.
The company has a market capitalization of $349.23 million and a PE ratio of 11.61. The company has a 50-day moving average price of $16.90 and a 200-day moving average price of $16.87.
United Insurance Holdings Corp. (NASDAQ:UIHC) last posted its quarterly earnings results on Wednesday, April 27th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. The business had revenue of $107.60 million for the quarter, compared to the consensus estimate of $96.46 million. Equities analysts predict that United Insurance Holdings Corp. will post $1.57 EPS for the current year.
An institutional investor recently bought a new position in United Insurance Holdings Corp. stock. Pear Tree Advisors Inc. purchased a new position in United Insurance Holdings Corp. (NASDAQ:UIHC) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 81,741 shares of the company’s stock, valued at approximately $1,398,000. Pear Tree Advisors Inc. owned 0.38% of United Insurance Holdings Corp. as of its most recent filing with the SEC.
United Insurance Holdings Corp. is a property and casualty insurance holding company 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.
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