United Insurance Holdings Corp. (UIHC) Sees Unusually-High Trading Volume
Shares of United Insurance Holdings Corp. (NASDAQ:UIHC) saw an uptick in trading volume on Monday . 166,817 shares changed hands during trading, an increase of 17% from the previous session’s volume of 142,737 shares.The stock last traded at $16.30 and had previously closed at $16.20.
Separately, Zacks Investment Research lowered United Insurance Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Friday, April 29th.
The firm has a market capitalization of $346.66 million and a price-to-earnings ratio of 11.52. The stock’s 50-day moving average is $16.58 and its 200 day moving average is $16.83.
United Insurance Holdings Corp. (NASDAQ:UIHC) last posted its quarterly earnings data on Wednesday, April 27th. The company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 research analysts forecast that United Insurance Holdings Corp. will post $1.58 EPS for the current fiscal year.
A hedge fund recently bought a new stake in United Insurance Holdings Corp. stock. Pear Tree Advisors Inc. acquired a new stake in shares of United Insurance Holdings Corp. (NASDAQ:UIHC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 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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