Equities analyst c StockNews.com begin publishing in shares of Co-insurance (NASDAQ: UIHC – Get the Badge) in a report issued on Friday. The brokerage is setting a “hold” rating on the insurance company’s stock.
United Insurance Trade Up 15.2%
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Share of UIHC shares opened at $1.82 on Friday. The stock has a market capitalization of $78.82 million, a price-to-earnings ratio of -0.45 and a beta of -0.35. The stock has a 50 day moving average of $0.70 and a 200 day moving average of $0.82. United Insurance has a 1-year low of $0.29 and a 1-year high of $4.22.
Co-insurance (NASDAQ: UIHC – Get the Badge) issued its quarterly earnings results on Wednesday, November 9th. The insurance company reported ($1.34) earnings per share for the quarter. The company had revenue of $126.32 million during the quarter. United Insurance had a negative margin of 35.33% and a negative return on equity of 71.10%.
Internal Activities
In related news, Director William H. Hood III purchased 47,517 shares of the firm’s stock in a transaction that occurred on Monday, December 19th. stock was traded at an average price of $0.53 per share, with a total amount of $25,184.01. Following the purchase, the director now owns 178,137 shares in the company, valued at $94,412.61. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders bought 143,857 shares of company stock worth $91,163. Insiders own 55.10% of the company’s stock.
Consumer Organization Rates Based On United Insurance
A number of large investors have recently added to or reduced their stakes in UIHC. Bank of New York Mellon Corp grew its stake in United Insurance by 22.2% in the first quarter. Bank of New York Mellon Corp now owns 190,629 shares of the insurance company’s stock worth $631,000 after purchasing an additional 34,580 shares during the period. Invesco Ltd. grew. increased its stake in United Insurance by 44.1% in the first quarter. Now owned by Invesco Ltd. owned 74,080 shares of the insurance company’s stock valued at $246,000 after buying an additional 22,657 shares during the period. Millennium Management LLC grew its stake in United Insurance by 374.9% in the second quarter. Millennium Management LLC now owns 295,920 shares of the insurance company’s stock valued at $462,000 after purchasing an additional 233,612 shares during the period. Citadel Advisors LLC grew its stake in United Insurance by 15.5% in the second quarter. Citadel Advisors LLC now owns 83,295 shares of the insurance company’s stock worth $130,000 after purchasing an additional 11,173 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in United Insurance by 49.8% in the second quarter. The Goldman Sachs Group Inc. now owns 38,825 shares of the insurance company’s stock valued at $60,000 after purchasing an additional 12,908 shares during the period. Private investors and hedge funds own 14.27% of the company’s stock.
United Insurance Company Information
United Insurance Holdings Corp. engaged in personal and commercial business and casualty insurance business. It offers insurance related to homeowners, homeowners and seasonal, condominium, flood, renters, and commercial buildings. The company was founded on May 1, 2007 and is headquartered in St.
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