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United Insurance Holdings (UIHC) Soars: Stock Adds 10.1% in Session
December 10, 2013
UIHC THG WTM
United Insurance Holdings Corp. ( UIHC - Snapshot Report) was a big mover last session, as the company saw its shares rise by over 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $10.03 and $10.25.
This property and casual insurance company has seen 1 positive revision in the last 2 months and its Zacks Consensus Estimate moved higher over the same time frame. This suggests that more solid trading could be ahead for United Insurance Holdings. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
United Insurance Holdings currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
Other players in the same industry, which look attractive at current levels, include The Hanover Insurance Group Inc. ( THG - Snapshot Report) , PartnerRe Ltd. and White Mountains Insurance Group, Ltd. ( WTM - Snapshot Report) . While Hanover Insurance and PartnerRe hold a Zacks Rank #1 (Strong Buy), White Mountains Insurance carries a Zacks Rank #2 (Buy).
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