5 Hot Insurance Stocks to Buy Now

2. United Insurance Holdings Corp. (NASDAQ:UIHC)

Number of Hedge Fund Holders: 5  

YTD Perf: 75.47%

United Insurance Holdings Corp. (NASDAQ:UIHC) operates as a property and casualty insurance holding company that sources, writes, and services residential personal and commercial property, and casualty insurance policies in the United States. On November 9, United Insurance posted earnings results for the third quarter of the year, reporting losses per share were negative $1.65. The company also reported a revenue of $123.79 million, which represents a 23.9% decrease compared to the same quarter in the previous year.

At the end of the third quarter of 2022, 5 hedge funds in the database of Insider Monkey held stakes worth $428,000 in United Insurance Holdings Corp. (NASDAQ:UIHC), compared to 9 in the preceding quarter worth $1.5 million. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Millennium Management is a leading shareholder in United Insurance Holdings Corp. (NASDAQ:UIHC) with 221,022 shares worth more than $142,000.