Somewhat Favorable Media Coverage Somewhat Unlikely to Affect United Insurance (UIHC) Stock Price
News articles about United Insurance (NASDAQ:UIHC) have trended somewhat positive on Tuesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. United Insurance earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the insurance provider an impact score of 45.3033871823568 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- United Insurance Holdings Corp (UIHC) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
- United Insurance Holdings Corp (UIHC) Expected to Announce Earnings of $0.57 Per Share (americanbankingnews.com)
- United Insurance (UIHC) Upgraded to “Hold” at BidaskClub (americanbankingnews.com)
- ETFs with exposure to United Insurance Holdings Corp. : December 28, 2017 (finance.yahoo.com)
- The Navigators Group (NAVG) & United Insurance (UIHC) Head-To-Head Analysis (americanbankingnews.com)
Shares of United Insurance (UIHC) opened at $17.25 on Tuesday. United Insurance has a 1 year low of $13.05 and a 1 year high of $17.81. The firm has a market capitalization of $737.50, a PE ratio of -21.56, a P/E/G ratio of 1.15 and a beta of 1.54.
UIHC has been the topic of several research analyst reports. Wells Fargo & Co reaffirmed a “buy” rating and issued a $18.00 price target on shares of United Insurance in a research report on Tuesday, November 7th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $20.00 price target on shares of United Insurance in a research report on Friday, December 22nd. BidaskClub raised United Insurance from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research raised United Insurance from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 14th. Finally, ValuEngine downgraded United Insurance from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. United Insurance presently has a consensus rating of “Buy” and a consensus target price of $18.67.
In related news, Director Michael Hogan acquired 2,500 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were bought at an average cost of $16.45 per share, with a total value of $41,125.00. Following the completion of the acquisition, the director now owns 57,438 shares of the company’s stock, valued at $944,855.10. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Alec Poitevint II acquired 1,500 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were bought at an average cost of $16.71 per share, for a total transaction of $25,065.00. Following the completion of the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $334,200. The disclosure for this purchase can be found here. 22.60% of the stock is owned by company insiders.
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United Insurance Company Profile
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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