Insider Buying: United Insurance Holdings Corp. Director Buys 20,000 Shares of Stock (UIHC)
United Insurance Holdings Corp. (NASDAQ:UIHC) Director Alec Poitevint II acquired 20,000 shares of United Insurance Holdings Corp. stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average cost of $14.70 per share, for a total transaction of $294,000.00. The acquisition was disclosed in a filing with the SEC, which is available at this link.
United Insurance Holdings Corp. (NASDAQ:UIHC) traded down 1.81% on Monday, hitting $14.66. The stock had a trading volume of 368,558 shares. United Insurance Holdings Corp. has a one year low of $7.35 and a one year high of $18.56. The stock’s 50-day moving average is $16.76 and its 200-day moving average is $15.39. The company has a market cap of $304.0 million and a P/E ratio of 8.15.
United Insurance Holdings Corp. (NASDAQ:UIHC) last released its earnings data on Tuesday, July 29th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.03. Analysts expect that United Insurance Holdings Corp. will post $1.72 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 22nd. Investors of record on Friday, August 15th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.09%.
Separately, analysts at Zacks upgraded shares of United Insurance Holdings Corp. from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 1st. They now have a $18.90 price target on the stock.
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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