United Coverage (NASDAQ:UIHC – Get Ranking) was upgraded by Zacks Expenditure Exploration from a “strong sell” rating to a “hold” score in a research take note issued on Tuesday, Zacks.com reviews.
In accordance to Zacks, “United Insurance policy Holdings Corp., with each other with its subsidiaries, operates as a home and casualty insurance policies business. It largely provides property owners and dwelling fireplace insurance policies, as properly as delivers flood insurance coverage as a result of the Countrywide Flood Insurance plan Program. From its headquarters in St. Petersburg, United’s team of focused staff manages a wholly built-in coverage company, which include gross sales, underwriting, policyholder support and claims. It principally markets its products by means of insurance policy agents. “
Independently, StockNews.com initiated coverage on United Insurance policies in a investigation report on Thursday, March 31st. They issued a “hold” score on the stock.
Shares of NASDAQ UIHC traded up $.04 during mid-working day buying and selling on Tuesday, reaching $2.27. 695 shares of the company’s stock ended up exchanged, compared to its typical quantity of 221,511. The inventory has a sector capitalization of $98.34 million, a value-to-earnings ratio of -1.69 and a beta of .85. The firm’s fifty working day transferring average is $3.19. United Coverage has a twelve thirty day period lower of $2.17 and a twelve thirty day period high of $6.34.
United Insurance (NASDAQ:UIHC – Get Score) last introduced its quarterly earnings benefits on Wednesday, February 23rd. The insurance plan service provider claimed ($.02) EPS for the quarter, missing the Zacks’ consensus estimate of $.19 by ($.21). The company experienced revenue of $155.37 million for the quarter, in comparison to analyst estimates of $147.89 million. United Insurance coverage had a unfavorable return on equity of 17.12% and a unfavorable web margin of 9.13%. Through the similar period in the prior yr, the business gained ($1.35) EPS. As a team, analysts predict that United Insurance coverage will post -.1 EPS for the recent fiscal year.
Hedge resources and other institutional traders have just lately modified their holdings of the corporation. Eaton Vance Management lifted its holdings in United Insurance by 15.2% throughout the 3rd quarter. Eaton Vance Administration now owns 39,041 shares of the insurance plan provider’s inventory worthy of $109,000 immediately after purchasing an added 5,144 shares in the course of the previous quarter. Goldman Sachs Team Inc. obtained a new stake in United Coverage all through the 3rd quarter worthy of close to $604,000. Marshall Wace LLP obtained a new stake in United Insurance all through the 3rd quarter value roughly $444,000. Assenagon Asset Management S.A. obtained a new stake in United Coverage through the 4th quarter value around $260,000. Eventually, Apparent Harbor Asset Management LLC acquired a new stake in United Insurance for the duration of the 4th quarter well worth somewhere around $235,000. Institutional traders personal 24.07% of the company’s stock.
About United Insurance coverage (Get Score)
United Insurance coverage Holdings Corp. operates as a residence and casualty insurance coverage keeping enterprise that resources, writes, and products and services residential personalized and industrial home, and casualty insurance policies insurance policies in the United States. The firm features composition, information, and liability coverage for typical solitary-household property owners, renters, and condominium unit entrepreneurs.
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