In a report issued on July 18, Matthew Carletti from JMP Securities maintained a Hold rating on United Insurance Holdings (UIHC – Research Report). The company’s shares closed last Tuesday at $1.09, close to its 52-week low of $1.07.
According to TipRanks.com, Carletti is a 1-star analyst with an average return of -1.4% and a 53.3% success rate. Carletti covers the Financial sector, focusing on stocks such as Argo Group International Holdings, Heritage Insurance Holdings, and Old Republic International.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for United Insurance Holdings with a $1.90 average price target.
United Insurance Holdings’ market cap is currently $47.22M and has a P/E ratio of -0.64.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of UIHC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
United Insurance Holdings Corp. engages in the homeowners property and casualty insurance business through wholly-owned insurance subsidiaries. Its products include condominium, investor property, identity theft, renters flood, commercial residential, and special coverages. The company was founded in May 2007 and is headquartered in St. Petersburg, FL.
Read More on UIHC:
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