United Insurance Holdings Corp (UIHC) Given Average Recommendation of “Hold” by Analysts
United Insurance Holdings Corp (NASDAQ:UIHC) has been given a consensus rating of “Hold” by the five brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $15.25.
Several brokerages have issued reports on UIHC. Zacks Investment Research raised shares of United Insurance Holdings Corp from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Tuesday, March 14th. ValuEngine raised shares of United Insurance Holdings Corp from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of United Insurance Holdings Corp in a research report on Thursday, April 6th.
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In other news, insider Andrew Swenson acquired 4,000 shares of the stock in a transaction on Friday, May 12th. The stock was bought at an average price of $15.00 per share, with a total value of $60,000.00. Following the completion of the transaction, the insider now directly owns 30,017 shares of the company’s stock, valued at $450,255. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alec Poitevint II acquired 3,519 shares of the stock in a transaction on Wednesday, May 17th. The stock was purchased at an average cost of $15.03 per share, with a total value of $52,890.57. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $300,600. The disclosure for this purchase can be found here. Insiders acquired 24,000 shares of company stock valued at $356,791 in the last ninety days. 22.60% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of UIHC. SG Americas Securities LLC purchased a new stake in shares of United Insurance Holdings Corp during the first quarter valued at about $144,000. Thrivent Financial For Lutherans acquired a new position in United Insurance Holdings Corp during the first quarter valued at approximately $160,000. Citadel Advisors LLC acquired a new position in United Insurance Holdings Corp during the first quarter valued at approximately $177,000. Ellington Management Group LLC acquired a new position in United Insurance Holdings Corp during the fourth quarter valued at approximately $195,000. Finally, State of Tennessee Treasury Department boosted its position in United Insurance Holdings Corp by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 15,198 shares of the insurance provider’s stock valued at $242,000 after buying an additional 2,294 shares during the period. 28.51% of the stock is owned by institutional investors.
United Insurance Holdings Corp (NASDAQ UIHC) traded down 3.75% on Wednesday, hitting $16.67. 333,042 shares of the company traded hands. United Insurance Holdings Corp has a 12 month low of $9.52 and a 12 month high of $17.85. The firm has a market capitalization of $358.49 million, a P/E ratio of 55.38 and a beta of 1.52. The stock’s 50-day moving average is $15.67 and its 200 day moving average is $15.43.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 30th. Shareholders of record on Tuesday, May 23rd were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Friday, May 19th. United Insurance Holdings Corp’s dividend payout ratio (DPR) is 80.00%.
About United Insurance Holdings Corp
United Insurance Holdings Corp. is a property and casualty insurance holding company that sources, writes and services residential property and casualty insurance policies using a network of agents and a group of insurance subsidiaries. The Company’s insurance subsidiary is United Property & Casualty Insurance Company.
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