Market Overview

UPDATE: Sterne Agee Initiates United Insurance Holdings at Buy on Growth Outlook

Related UIHC
Why United Insurance Holdings (UIHC) Could Beat Earnings Estimates Again - Tale of the Tape
How United Insurance Holdings (UIHC) Stock Stands Out in a Strong Industry - Tale of the Tape

Sterne Agee initiated coverage on United Insurance Holdings (NASDAQ: UIHC) with a Buy rating and an $8 price target.

Sterne Agee commented, "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)."

United Insurance Holdings closed at $5.74 on Thursday.

Posted-In: Sterne AgeeAnalyst Color Initiation Pre-Market Outlook Analyst Ratings


Most Popular

Related Articles (UIHC)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters