Could United Insurance Holdings Corp. (UIHC) See a Reversal After Breaking Its 52-Week High?

May 17, 2018 - By Robert Sims

Investors sentiment decreased to 1.07 in Q4 2017. Its down 0.18, from 1.25 in 2017Q3. It fall, as 11 investors sold United Insurance Holdings Corp. shares while 33 reduced holdings. 12 funds opened positions while 35 raised stakes. 13.51 million shares or 2.54% more from 13.17 million shares in 2017Q3 were reported.
Moreover, Sector Pension Inv Board has 0% invested in United Insurance Holdings Corp. (NASDAQ:UIHC). Citadel Ltd Liability Co owns 24,895 shares for 0% of their portfolio. Thompson Siegel & Walmsley Ltd Limited Liability Company holds 0% in United Insurance Holdings Corp. (NASDAQ:UIHC) or 1,500 shares. 4,066 are owned by State Of Alaska Department Of Revenue. Envestnet Asset Mgmt holds 0% of its portfolio in United Insurance Holdings Corp. (NASDAQ:UIHC) for 185 shares. Northern has 238,014 shares for 0% of their portfolio. Icon Advisers accumulated 0.1% or 83,900 shares. Morgan Stanley holds 0% or 50,813 shares. California State Teachers Retirement System holds 0% or 32,474 shares in its portfolio. Howe Rusling Incorporated stated it has 0% of its portfolio in United Insurance Holdings Corp. (NASDAQ:UIHC). 47,807 were accumulated by Wells Fargo Mn. Geode Cap Ltd has 183,711 shares for 0% of their portfolio. Brandywine Glob Invest Mngmt Llc reported 19,812 shares. California Pub Employees Retirement System holds 0% or 31,900 shares. Georgia-based Buckhead Lc has invested 0.07% in United Insurance Holdings Corp. (NASDAQ:UIHC).

Since December 15, 2017, it had 3 insider purchases, and 0 insider sales for $93,016 activity. POITEVINT ALEC II also bought $25,065 worth of United Insurance Holdings Corp. (NASDAQ:UIHC) shares. Another trade for 1,000 shares valued at $16,596 was made by Maroney Patrick on Friday, December 15.

The stock of United Insurance Holdings Corp. (NASDAQ:UIHC) hit a new 52-week high and has $22.08 target or 5.00 % above today’s $21.03 share price. The 9 months bullish chart indicates low risk for the $898.95 million company. The 1-year high was reported on May, 17 by Barchart.com. If the $22.08 price target is reached, the company will be worth $44.95 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.81% or $0.17 during the last trading session, reaching $21.03. About 270,544 shares traded or 126.42% up from the average. United Insurance Holdings Corp. (NASDAQ:UIHC) has risen 23.54% since May 17, 2017 and is uptrending. It has outperformed by 11.99% the S&P500.

Analysts await United Insurance Holdings Corp. (NASDAQ:UIHC) to report earnings on August, 14. They expect $0.63 EPS, up 36.96 % or $0.17 from last year’s $0.46 per share. UIHC’s profit will be $26.93M for 8.35 P/E if the $0.63 EPS becomes a reality. After $0.40 actual EPS reported by United Insurance Holdings Corp. for the previous quarter, Wall Street now forecasts 57.50 % EPS growth.

United Insurance Holdings Corp. (NASDAQ:UIHC) Ratings Coverage

Among 2 analysts covering United Insurance Holdings (NASDAQ:UIHC), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. United Insurance Holdings had 3 analyst reports since December 21, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, December 21 by Keefe Bruyette & Woods. The firm has “Buy” rating given on Monday, January 15 by Keefe Bruyette & Woods. Raymond James downgraded United Insurance Holdings Corp. (NASDAQ:UIHC) on Monday, May 14 to “Outperform” rating.

More important recent United Insurance Holdings Corp. (NASDAQ:UIHC) news were published by: Globenewswire.com which released: “New Research: Key Drivers of Growth for Advanced Micro Devices, Alamo Group, United Insurance, Post, BP Prudhoe …” on April 30, 2018, also Seekingalpha.com published article titled: “United Insurance’s (UIHC) CEO John Forney on Q1 2018 Results – Earnings Call Transcript”, Businesswire.com published: “United Insurance Holdings Corp. Reports Financial Results for Its First Quarter Ended March 31, 2018” on May 08, 2018. More interesting news about United Insurance Holdings Corp. (NASDAQ:UIHC) was released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For May 14, 2018” with publication date: May 14, 2018.

United Insurance Holdings Corp. operates as a property and casualty insurance holding firm that sources, writes, and services residential and commercial property, and casualty insurance policies in the United States. The company has market cap of $898.95 million. It offers single-family homeowners, dwelling fire, renters, condominium unit owners, and commercial residential insurance policies, as well as federal flood, equipment breakdown, and identity theft insurance policies. It has a 77.89 P/E ratio. The firm markets and distributes its products through a network of independent agencies in Connecticut, Florida, Georgia, Hawaii, Louisiana, Massachusetts, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Texas.

United Insurance Holdings Corp. (NASDAQ:UIHC) Institutional Positions Chart

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