Common Insurance coverage (NYSE:UVE) Downgraded by StockNews.com to “Purchase”

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Common Insurance coverage (NYSE:UVE) was downgraded by StockNews.com from a “strong-buy” ranking to a “purchase” ranking in a report launched on Friday.

Different analysts have additionally lately issued analysis stories in regards to the inventory. TheStreet raised shares of Common Insurance coverage from a “c+” ranking to a “b” ranking in a analysis word on Thursday, December twenty third. Zacks Funding Analysis reduce shares of Common Insurance coverage from a “purchase” ranking to a “maintain” ranking in a analysis word on Saturday, December twenty fifth.

Shares of UVE inventory traded down $4.66 on Friday, reaching $12.43. 1,363,436 shares of the corporate had been exchanged, in comparison with its common quantity of 260,122. The corporate has a market cap of $387.42 million, a price-to-earnings ratio of seven.72 and a beta of 1.06. The enterprise has a 50-day shifting common worth of $17.25 and a 200 day shifting common worth of $15.20. The corporate has a debt-to-equity ratio of 0.01, a fast ratio of 0.53 and a present ratio of 0.53. Common Insurance coverage has a 1 yr low of $12.10 and a 1 yr excessive of $19.64.

A number of institutional buyers have lately purchased and bought shares of UVE. Donald Smith & CO. Inc. grew its stake in shares of Common Insurance coverage by 88.8% within the third quarter. Donald Smith & CO. Inc. now owns 691,864 shares of the insurance coverage supplier’s inventory valued at $9,022,000 after shopping for a further 325,404 shares through the interval. Hillsdale Funding Administration Inc. bought a brand new stake in shares of Common Insurance coverage within the 4th quarter valued at roughly $3,431,000. Nordea Funding Administration AB lifted its holdings in shares of Common Insurance coverage by 99.4% within the third quarter. Nordea Funding Administration AB now owns 381,192 shares of the insurance coverage supplier’s inventory value $5,006,000 after buying a further 190,051 shares over the last quarter. Los Angeles Capital Administration LLC lifted its holdings in shares of Common Insurance coverage by 130.6% within the 4th quarter. Los Angeles Capital Administration LLC now owns 143,879 shares of the insurance coverage supplier’s inventory value $2,446,000 after buying a further 81,495 shares over the last quarter. Lastly, Healthcare of Ontario Pension Plan Belief Fund acquired a brand new place in shares of Common Insurance coverage within the third quarter value roughly $1,048,000. 64.85% of the inventory is owned by institutional buyers and hedge funds.

Common Insurance coverage Firm Profile

Common Insurance coverage Holdings, Inc operates as a holding firm providing property and casualty insurance coverage and value-added insurance coverage providers. It develops, markets and underwrites insurance coverage merchandise for customers within the private residential householders strains of enterprise and carry out considerably all different insurance-related providers for major insurance coverage entities, together with danger administration, claims administration, and distribution.

Additional Studying

This instantaneous information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to [email protected]

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