United Insurance Holdings Corp. (UIHC) Trading Down 0.4%
United Insurance Holdings Corp. (NASDAQ:UIHC)’s share price traded down 0.4% during trading on Friday . The company traded as low as $15.66 and last traded at $15.68, with a volume of 67,405 shares traded. The stock had previously closed at $15.75.
Separately, Zacks Investment Research raised shares of United Insurance Holdings Corp. from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 30th.
The firm has a 50 day moving average of $17.13 and a 200-day moving average of $16.92. The stock has a market cap of $335.32 million and a P/E ratio of 11.15.
United Insurance Holdings Corp. (NASDAQ:UIHC) last issued its quarterly earnings data 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 company had revenue of $107.60 million for the quarter, compared to analysts’ expectations of $96.46 million. On average, equities analysts anticipate that United Insurance Holdings Corp. will post $1.58 EPS for the current year.
An institutional investor recently raised its position in United Insurance Holdings Corp. stock. Principal Financial Group Inc. raised its stake in shares of United Insurance Holdings Corp. (NASDAQ:UIHC) by 4.6% during the fourth quarter, Holdings Channel reports. The fund owned 117,609 shares of the company’s stock after buying an additional 5,172 shares during the period. Principal Financial Group Inc. owned about 0.55% of United Insurance Holdings Corp. worth $2,011,000 at the end of the most recent quarter.
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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