United Insurance Holdings Corp. (UIHC) was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up about 36% in the past one-month time frame.
The company has seen one positive revision in the past 30 days and its Zacks Consensus Estimate moved higher over the past same time frame, suggesting 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 the Friday’s jump can turn into more strength down the road.
United Insurance Holdings currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Some other stocks worth considering in the property and casualty insurance industry include CNA Financial Corporation (CNA), Hilltop Holdings Inc. (HTH) and Montpelier Re Holdings Ltd. (MRH). All these carry a Zacks Rank #1 (Strong Buy).
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