Shares of United Insurance Holdings Corp. (NASDAQ:UIHC) have been given a consensus rating of “Buy” by the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $18.00.

A number of equities research analysts recently weighed in on the stock. ValuEngine raised shares of United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Zacks Investment Research raised shares of United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. BidaskClub raised shares of United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. JMP Securities raised shares of United Insurance Holdings Corp. from an “underperform” rating to a “market perform” rating in a research report on Wednesday, August 9th. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of United Insurance Holdings Corp. in a research report on Wednesday, August 9th.

Shares of United Insurance Holdings Corp. (NASDAQ:UIHC) opened at 16.04 on Wednesday. The company has a market capitalization of $682.29 million, a price-to-earnings ratio of 106.23 and a beta of 1.61. The firm’s 50-day moving average price is $16.02 and its 200-day moving average price is $15.83. United Insurance Holdings Corp. has a 12 month low of $9.52 and a 12 month high of $17.81.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 28th. Investors of record on Monday, August 21st were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Thursday, August 17th. United Insurance Holdings Corp.’s dividend payout ratio is presently 1,200.00%.

Several large investors have recently made changes to their positions in the stock. Pitcairn Co. purchased a new position in United Insurance Holdings Corp. during the first quarter valued at approximately $338,000. Mutual of America Capital Management LLC purchased a new position in United Insurance Holdings Corp. during the first quarter valued at approximately $1,613,000. 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. Virginia Retirement Systems ET AL purchased a new position in United Insurance Holdings Corp. during the first quarter valued at approximately $391,000. Finally, Parametric Portfolio Associates LLC purchased a new position in United Insurance Holdings Corp. during the first quarter valued at approximately $386,000. 29.32% of the stock is owned by institutional investors and hedge funds.

WARNING: “United Insurance Holdings Corp. (UIHC) Receives Consensus Recommendation of “Buy” from Brokerages” was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/08/30/united-insurance-holdings-corp-uihc-receives-consensus-recommendation-of-buy-from-brokerages.html.

United Insurance Holdings Corp. Company Profile

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.

Receive News & Ratings for United Insurance Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Insurance Holdings Corp. and related companies with MarketBeat.com's FREE daily email newsletter.