ValuEngine Lowers United Insurance Holdings Corp. (UIHC) to Sell

United Insurance Holdings Corp. (NASDAQ:UIHC) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

Several other brokerages have also recently issued reports on UIHC. Zacks Investment Research cut shares of United Insurance Holdings Corp. from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. BidaskClub upgraded shares of United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a report on Friday, August 11th. JMP Securities upgraded shares of United Insurance Holdings Corp. from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 9th. Finally, Wells Fargo & Company restated a “buy” rating on shares of United Insurance Holdings Corp. in a report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $15.25.

Shares of United Insurance Holdings Corp. (NASDAQ:UIHC) traded down 2.01% on Tuesday, reaching $16.05. 96,396 shares of the company were exchanged. The company’s 50-day moving average is $15.92 and its 200-day moving average is $15.81. The company has a market capitalization of $682.72 million, a price-to-earnings ratio of 106.29 and a beta of 1.59. United Insurance Holdings Corp. has a 52 week low of $9.52 and a 52 week high of $17.81.

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Several large investors have recently added to or reduced their stakes in UIHC. SG Americas Securities LLC bought a new stake in shares of United Insurance Holdings Corp. in the 1st quarter valued at about $144,000. Thrivent Financial For Lutherans bought a new stake in shares of United Insurance Holdings Corp. in the 1st quarter valued at about $160,000. Citadel Advisors LLC bought a new stake in shares of United Insurance Holdings Corp. in the 1st quarter valued at about $177,000. Texas Permanent School Fund boosted its holdings in shares of United Insurance Holdings Corp. by 2.0% in the 2nd quarter. Texas Permanent School Fund now owns 13,108 shares of the insurance provider’s stock valued at $206,000 after buying an additional 256 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its holdings in shares of United Insurance Holdings Corp. by 17.8% in the 1st quarter. State of Tennessee Treasury Department now owns 15,198 shares of the insurance provider’s stock valued at $242,000 after buying an additional 2,294 shares in the last quarter. Institutional investors and hedge funds own 29.32% 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.

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