Alert: Major Price Decline (3/1/24)-United Insurance Holdings Corp (NASDAQ: UIHC).

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United Insurance Holdings Corp (NASDAQ: UIHC) stock closed at $11.90 on 3/1/24 after a major decline of -14.6%. Moreover, trading volume in this decline was exceptionally high at 274% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -10.8% during the last week.

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Current PriceTarget Research Rating

UIHC is expected to continue to be a major Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.

United Insurance Holdings is currently unrated.

Rating Review

The stock is currently unrated.

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