United Insurance Holdings Corp. (NASDAQ:UIHC) Downgraded to “Sell” at ValuEngine

ValuEngine cut shares of United Insurance Holdings Corp. (NASDAQ:UIHC) from a hold rating to a sell rating in a report published on Tuesday, October 17th.

A number of other research firms have also commented on UIHC. Zacks Investment Research lowered shares of United Insurance Holdings Corp. from a hold rating to a sell rating in a research note on Thursday, October 5th. BidaskClub raised shares of United Insurance Holdings Corp. from a sell rating to a hold rating in a research note on Friday, August 11th. JMP Securities raised shares of United Insurance Holdings Corp. from an underperform rating to a market perform rating in a research note on Wednesday, August 9th. Finally, Wells Fargo & Company reissued a buy rating on shares of United Insurance Holdings Corp. in a research note on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. United Insurance Holdings Corp. presently has an average rating of Buy and a consensus price target of $18.00.

Shares of United Insurance Holdings Corp. (UIHC) traded up $0.08 on Tuesday, reaching $15.67. 13,650 shares of the company traded hands, compared to its average volume of 89,790. United Insurance Holdings Corp. has a fifty-two week low of $10.62 and a fifty-two week high of $17.81. The firm has a market capitalization of $666.53, a PE ratio of 50.29, a price-to-earnings-growth ratio of 1.37 and a beta of 1.54.

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Several institutional investors have recently added to or reduced their stakes in UIHC. First Quadrant L P CA bought a new position in shares of United Insurance Holdings Corp. during the 3rd quarter valued at $101,000. SG Americas Securities LLC bought a new position in shares of United Insurance Holdings Corp. during the 1st quarter valued at $144,000. Thrivent Financial For Lutherans bought a new position in United Insurance Holdings Corp. in the 1st quarter worth $160,000. BNP Paribas Arbitrage SA raised its holdings in United Insurance Holdings Corp. by 88.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 10,119 shares of the insurance provider’s stock worth $165,000 after acquiring an additional 4,754 shares during the period. Finally, Citadel Advisors LLC bought a new position in United Insurance Holdings Corp. in the 1st quarter worth $177,000. Institutional investors and hedge funds own 29.07% of the company’s stock.

About United Insurance Holdings Corp.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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