Equities researchers at StockNews.com started protection on shares of United Insurance coverage (NASDAQ:UIHC – Get Score) in a report issued on Friday. The brokerage set a “maintain” ranking on the insurance coverage supplier’s inventory.
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United Insurance coverage Buying and selling Up 15.2 %
Shares of UIHC inventory opened at $1.82 on Friday. The inventory has a market cap of $78.82 million, a price-to-earnings ratio of -0.45 and a beta of -0.35. The inventory has a 50-day transferring common of $0.70 and a 200-day transferring common of $0.82. United Insurance coverage has a 1-year low of $0.29 and a 1-year excessive of $4.22.
United Insurance coverage (NASDAQ:UIHC – Get Score) final issued its quarterly earnings outcomes on Wednesday, November ninth. The insurance coverage supplier reported ($1.34) earnings per share for the quarter. The corporate had income of $126.32 million in the course of the quarter. United Insurance coverage had a adverse web margin of 35.33% and a adverse return on fairness of 71.10%.
Insider Exercise
In associated information, Director William H. Hood III bought 47,517 shares of the agency’s inventory in a transaction dated Monday, December nineteenth. The inventory was purchased at a mean value of $0.53 per share, with a complete worth of $25,184.01. Following the completion of the acquisition, the director now owns 178,137 shares within the firm, valued at roughly $94,412.61. The acquisition was disclosed in a submitting with the SEC, which is accessible by way of this hyperlink. Over the past quarter, insiders bought 143,857 shares of firm inventory valued at $91,163. Firm insiders personal 55.10% of the corporate’s inventory.
Institutional Traders Weigh In On United Insurance coverage
A number of massive buyers have lately added to or lowered their stakes in UIHC. Financial institution of New York Mellon Corp grew its stake in United Insurance coverage by 22.2% in the course of the first quarter. Financial institution of New York Mellon Corp now owns 190,629 shares of the insurance coverage supplier’s inventory price $631,000 after buying an extra 34,580 shares in the course of the interval. Invesco Ltd. grew its stake in United Insurance coverage by 44.1% in the course of the first quarter. Invesco Ltd. now owns 74,080 shares of the insurance coverage supplier’s inventory price $246,000 after buying an extra 22,657 shares in the course of the interval. Millennium Administration LLC grew its stake in United Insurance coverage by 374.9% in the course of the second quarter. Millennium Administration LLC now owns 295,920 shares of the insurance coverage supplier’s inventory price $462,000 after buying an extra 233,612 shares in the course of the interval. Citadel Advisors LLC grew its stake in United Insurance coverage by 15.5% in the course of the second quarter. Citadel Advisors LLC now owns 83,295 shares of the insurance coverage supplier’s inventory price $130,000 after buying an extra 11,173 shares in the course of the interval. Lastly, Goldman Sachs Group Inc. grew its stake in United Insurance coverage by 49.8% in the course of the second quarter. Goldman Sachs Group Inc. now owns 38,825 shares of the insurance coverage supplier’s inventory price $60,000 after buying an extra 12,908 shares in the course of the interval. Institutional buyers and hedge funds personal 14.27% of the corporate’s inventory.
United Insurance coverage Firm Profile
United Insurance coverage Holdings Corp. engages within the residential private and industrial property and casualty insurance coverage enterprise. It presents insurance coverage regarding householders, landlord and seasonal, condominium, flood, renters, and industrial residential. The corporate was based on Might 1, 2007 and is headquartered in St.
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