United Insurance Holdings Corp. (NASDAQ:UIHC) Receiving Somewhat Positive Media Coverage, Report Shows

Media coverage about United Insurance Holdings Corp. (NASDAQ:UIHC) has been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. United Insurance Holdings Corp. earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the insurance provider an impact score of 93 out of 100, indicating that recent press coverage is extremely likely to have an impact on the stock’s share price in the next several days.

UIHC has been the topic of several recent research reports. Zacks Investment Research raised shares of United Insurance Holdings Corp. from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Tuesday, March 14th. ValuEngine raised shares of United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating on shares of United Insurance Holdings Corp. in a research report on Thursday, April 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. United Insurance Holdings Corp. currently has a consensus rating of “Hold” and an average price target of $16.17.

Shares of United Insurance Holdings Corp. (NASDAQ UIHC) traded up 1.34% on Tuesday, hitting $15.84. 38,282 shares of the stock traded hands. The company has a market cap of $340.64 million, a PE ratio of 52.62 and a beta of 1.61. The firm’s 50 day moving average is $15.93 and its 200-day moving average is $15.59. United Insurance Holdings Corp. has a 12 month low of $9.52 and a 12 month high of $17.81.

In other United Insurance Holdings Corp. news, insider Andrew Swenson purchased 4,000 shares of the firm’s stock in a transaction on Friday, May 12th. The shares were purchased at an average cost of $15.00 per share, with a total value of $60,000.00. Following the purchase, the insider now owns 30,017 shares in the company, valued at $450,255. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alec Poitevint II purchased 12,276 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was acquired at an average cost of $14.73 per share, for a total transaction of $180,825.48. Following the completion of the purchase, the director now owns 20,000 shares in the company, valued at approximately $294,600. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 24,000 shares of company stock worth $356,791. 22.60% of the stock is owned by corporate insiders.

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United Insurance Holdings Corp. Company Profile

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.

Insider Buying and Selling by Quarter for United Insurance Holdings Corp. (NASDAQ:UIHC)

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