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%.

UTD INSURANCE Price

 

UTD INSURANCE Price | UTD INSURANCE Quote

However, a better-ranked stock in the same space is Allied World Assurance Company Holdings, AG (AWH Quick QuoteAWH - Free Report) , sporting a Zacks Rank #1 (Strong Buy).

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