Wells Fargo analyst Elyse Greenspan maintained a Buy rating on United Insurance Holdings (UIHC) today. The company’s shares opened today at $16.13, close to its 52-week low of $15.72.
According to TipRanks.com, Greenspan is a 2-star analyst with an average return of 0.4% and a 45.4% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Renaissancere Holdings Ltd, and Marsh & Mclennan Companies.
United Insurance Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $20.
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Based on United Insurance Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $11.71 million. In comparison, last year the company had a net profit of $27 million.
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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.
