United Insurance Holdings Corp (UIHC) Receiving Positive Media Coverage, Report Finds

Headlines about United Insurance Holdings Corp (NASDAQ:UIHC) have been trending positive on Friday, Alpha One Sentiment reports. The research group, a service of Accern, identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. United Insurance Holdings Corp earned a news sentiment score of 0.27 on Alpha One’s scale. Alpha One also gave news coverage about the insurance provider an impact score of 93 out of 100, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the near term.

Shares of United Insurance Holdings Corp (NASDAQ:UIHC) traded up 0.20% during trading on Friday, hitting $15.22. 87,936 shares of the company’s stock were exchanged. United Insurance Holdings Corp has a 1-year low of $9.52 and a 1-year high of $18.29. The stock’s 50 day moving average is $15.78 and its 200 day moving average is $14.95. The firm has a market capitalization of $326.86 million, a PE ratio of 58.54 and a beta of 1.51.

A number of equities analysts have weighed in on the stock. Raymond James Financial, Inc. upgraded shares of United Insurance Holdings Corp from an “outperform” rating to a “strong-buy” rating and set a $18.00 price target on the stock in a report on Thursday, February 9th. Zacks Investment Research upgraded shares of United Insurance Holdings Corp from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Tuesday, March 14th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of United Insurance Holdings Corp in a report on Thursday, April 6th.

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In other news, General Counsel Kimberly Salmon acquired 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The stock was acquired at an average cost of $16.03 per share, with a total value of $28,854.00. Following the acquisition, the general counsel now owns 32,241 shares in the company, valued at $516,823.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alec Poitevint II acquired 5,167 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The shares were purchased at an average cost of $16.05 per share, with a total value of $82,930.35. Following the completion of the acquisition, the director now owns 15,000 shares in the company, valued at approximately $240,750. The disclosure for this purchase can be found here. Insiders acquired 99,151 shares of company stock valued at $1,605,581 over the last three months. Insiders own 21.40% of the company’s stock.

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.

5 Day Chart for NASDAQ:UIHC

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