Wells Fargo Thinks United Insurance Holdings’ Stock is Going to Recover


Wells Fargo analyst Elyse Greenspan maintained a Buy rating on United Insurance Holdings (UIHC) today and set a price target of $19. The company’s shares opened today at $16.67, close to its 52-week low of $15.72.

According to TipRanks.com, Greenspan is a 3-star analyst with an average return of 3.1% and a 61.3% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, AXA Equitable Holdings Inc, and Renaissancere Holdings Ltd.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for United Insurance Holdings with a $19 average price target.

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The company has a one-year high of $22.43 and a one-year low of $15.72. Currently, United Insurance Holdings has an average volume of 104.6K.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock.

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 consist of 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.

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