Could United Insurance Holdings Corp. (UIHC) Crash Even More? The Stock Just Made 52 Week Low

Investors sentiment increased to 1.37 in Q4 2018. Its up 0.06, from 1.31 in 2018Q3. It improved, as 7 investors sold United Insurance Holdings Corp. shares while 28 reduced holdings. 14 funds opened positions while 34 raised stakes. 15.17 million shares or 5.23% more from 14.42 million shares in 2018Q3 were reported.
Kbc Group Nv, Belgium-based fund reported 1,706 shares. Advisers Limited Co invested in 303,012 shares. Metropolitan Life Ins holds 0% or 6,889 shares. State Of Tennessee Treasury Department invested in 9,238 shares or 0% of the stock. Dimensional Fund Advisors L P holds 1.58M shares. Jpmorgan Chase Communication has 0% invested in United Insurance Holdings Corp. (NASDAQ:UIHC). Renaissance Limited Liability holds 17,100 shares or 0% of its portfolio. Polaris Capital Management Lc has invested 0.11% in United Insurance Holdings Corp. (NASDAQ:UIHC). Perritt Cap Mgmt Inc, Illinois-based fund reported 103,898 shares. Moreover, Alliancebernstein Ltd Partnership has 0% invested in United Insurance Holdings Corp. (NASDAQ:UIHC). Prudential Fin Incorporated accumulated 34,280 shares or 0% of the stock. Signaturefd Ltd Liability Co stated it has 0% of its portfolio in United Insurance Holdings Corp. (NASDAQ:UIHC). Banc Funds Co Limited Company reported 133,989 shares. Ancora Advsr Ltd Llc has invested 0.04% in United Insurance Holdings Corp. (NASDAQ:UIHC). Principal Financial Inc holds 174,488 shares.

Since January 14, 2019, it had 5 buys, and 14 insider sales for $631,893 activity. POITEVINT ALEC II had bought 13,250 shares worth $216,285. Another trade for 400 shares valued at $6,446 was bought by Whittemore Kent G. Another trade for 580 shares valued at $9,193 was made by Menon Deepak on Wednesday, March 27. $40,350 worth of United Insurance Holdings Corp. (NASDAQ:UIHC) was bought by Hogan Michael on Friday, February 22.

The stock of United Insurance Holdings Corp. (NASDAQ:UIHC) hit a new 52-week low and has $13.48 target or 3.00 % below today’s $13.90 share price. The 5 months bearish chart indicates high risk for the $597.38 million company. The 1-year low was reported on May, 17 by Barchart.com. If the $13.48 price target is reached, the company will be worth $17.92 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.66% or $0.38 during the last trading session, reaching $13.9. About 83,454 shares traded. United Insurance Holdings Corp. (NASDAQ:UIHC) has declined 17.68% since May 17, 2018 and is downtrending. It has underperformed by 22.05% the S&P500.

More notable recent United Insurance Holdings Corp. (NASDAQ:UIHC) news were published by: Nasdaq.com which released: “AllianceBernstein (AB) Upgraded to Buy: Here’s What You Should Know – Nasdaq” on April 16, 2019, also Bizjournals.com with their article: “United Insurance Holdings Corp. names new chief legal officer – Tampa Bay Business Journal” published on March 01, 2019, Seekingalpha.com published: “United Insurance Holdings Corp. 2019 Q1 – Results – Earnings Call Slides – Seeking Alpha” on May 09, 2019. More interesting news about United Insurance Holdings Corp. (NASDAQ:UIHC) were released by: Gurufocus.com and their article: “May 13, 2019 – State of Tennessee, Treasury Department Buys Royal Bank of Canada, Southwest Airlines Co, Concho Resources Inc, Sells Merck Inc, Abbott Laboratories, Walmart Inc – GuruFocus.com” published on May 13, 2019 as well as Businesswire.com‘s news article titled: “United Insurance Holdings Corp. Previews Q1-2019 Catastrophe Losses – Business Wire” with publication date: April 18, 2019.

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 $597.38 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 448.39 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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