United Insurance Holdings (UIHC) Gets a Sell Rating from Wells Fargo


In a report released yesterday, Elyse Greenspan from Wells Fargo maintained a Sell rating on United Insurance Holdings (UIHC), with a price target of $5.50. The company’s shares closed last Tuesday at $5.77.

According to TipRanks.com, Greenspan is a 4-star analyst with an average return of 8.9% and a 62.1% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Arthur J Gallagher & Co.

United Insurance Holdings has an analyst consensus of Hold, with a price target consensus of $6.25.

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Based on United Insurance Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $213 million and GAAP net loss of $74.07 million. In comparison, last year the company earned revenue of $208 million and had a GAAP net loss of $28.28 million.

Based on the recent corporate insider activity of 38 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.

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