United Insurance Holdings Corp. was a big mover last session, as the company saw its shares rise roughly 8% on the day. The stock moved up following the company's announcement of a merger agreement with RDX Holding, LLC (RDX), the parent of American Coastal Insurance Company (ACIC or American Coastal), to combine the companies in an all-stock merger. This led to solid volume too with far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $14.76 to $16.47 in the past one-month time frame, showed a pick-up yesterday at $15.90.
This property and casualty insurance stock witnessed one positive and one negative estimate revision over the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
United Insurance Holdings has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
However, a better-ranked stock in the same space is Allied World Assurance Company Holdings, AG (AWH - Free Report) , sporting a Zacks Rank #1 (Strong Buy).
Is UIHC going up? Or down? Predict to see what others think: Up or Down
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
United Insurance Holdings Corp. was a big mover last session, as the company saw its shares rise roughly 8% on the day. The stock moved up following the company's announcement of a merger agreement with RDX Holding, LLC (RDX), the parent of American Coastal Insurance Company (ACIC or American Coastal), to combine the companies in an all-stock merger. This led to solid volume too with far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $14.76 to $16.47 in the past one-month time frame, showed a pick-up yesterday at $15.90.
This property and casualty insurance stock witnessed one positive and one negative estimate revision over the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
United Insurance Holdings has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
However, a better-ranked stock in the same space is Allied World Assurance Company Holdings, AG (AWH - Free Report) , sporting a Zacks Rank #1 (Strong Buy).
Is UIHC going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on AWH - FREE