United Insurance Holdings Corp. General Counsel Kimberly Salmon Acquires 1,725 Shares (UIHC)
United Insurance Holdings Corp. (NASDAQ:UIHC) General Counsel Kimberly Salmon purchased 1,725 shares of the company’s stock on the open market in a transaction dated Monday, February 24th. The shares were purchased at an average price of $14.73 per share, for a total transaction of $25,409.25. Following the acquisition, the general counsel now directly owns 1,725 shares in the company, valued at approximately $25,409. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
UIHC has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of United Insurance Holdings Corp. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 11th. They now have a $15.20 price target on the stock. Analysts at Sterne Agee downgraded shares of United Insurance Holdings Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd.
Shares of United Insurance Holdings Corp. (NASDAQ:UIHC) traded down 4.14% on Tuesday, hitting $13.43. The stock had a trading volume of 77,524 shares. United Insurance Holdings Corp. has a one year low of $5.12 and a one year high of $14.91. The stock has a 50-day moving average of $13.13 and a 200-day moving average of $10.32. The company has a market cap of $217.7 million and a P/E ratio of 11.12.
United Insurance Holdings Corp. (NASDAQ:UIHC) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.16. The company had revenue of $63.44 million for the quarter, compared to the consensus estimate of $56.04 million. On average, analysts predict that United Insurance Holdings Corp. will post $1.29 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 21st. Investors of record on Friday, March 14th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.14%.
United Insurance Holdings Corp. (NASDAQ:UIHC) through the Company’s wholly owned subsidiaries, it writes and service property and casualty insurance policies in Florida, South Carolina and Massachusetts.
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