UIHC Stock buy rating prices target $8.00 : Sterne Agee initiated coverage on shares of United Insurance Holdings Corp. (NASDAQ: UIHC) in a research note released on Friday morning. The firm issued a buy rating and a $8.00 price target on the stock.
“UIHC has a strong underwriting track record providing homeowners coverage in FL and is well positioned to expand in catastrophe/wind-exposed regions given its expertise and current pricing momentum. We feel valuation at 98% of 4Q12E TBV is attractive given growth opportunities and our expectation of improving earnings (to mid/high teens ROE).,” the firm’s analyst wrote.
Shares of United Insurance Holdings Corp. traded up 4.42% during mid-day trading on Friday, hitting $5.90. United Insurance Holdings Corp. has a 52 week low of $4.05 and a 52 week high of $6.10. The company has a market cap of $61.6 million and a P/E ratio of 4.90.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 31st. Stockholders of record on Friday, December 28th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.03%.
Separately, analysts at Raymond James initiated coverage on shares of United Insurance Holdings Corp. in a research note to investors on Friday. They set an outperform rating on the stock.
Disclaimer : The information on this website does not constitute recommendations to buy or sell any goods or investment assets, Investing can be risky, please note that it is your own evaluation of the risks and potentials that you base your investment decision on.
No comments:
Post a Comment