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

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United Insurance Holdings Corp. to Announce 2010 Fourth Quarter and Year-End Financial Results

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.

Latest Ratings for UIHC

DateFirmActionFromTo
Aug 2017JMP SecuritiesUpgradesMarket UnderperformMarket Perform
Feb 2017Raymond JamesUpgradesOutperformStrong Buy
Nov 2016JMP SecuritiesDowngradesMarket PerformMarket Underperform

View More Analyst Ratings for UIHC
View the Latest Analyst Ratings

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

 

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