United Insurance Holdings Corp. (NASDAQ:UIHC) General Counsel Kimberly Salmon purchased 900 shares of United Insurance Holdings Corp. stock in a transaction dated Thursday, September 7th. The stock was acquired at an average price of $14.08 per share, with a total value of $12,672.00. Following the acquisition, the general counsel now owns 35,241 shares in the company, valued at approximately $496,193.28. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

United Insurance Holdings Corp. (NASDAQ UIHC) traded down 6.81% on Thursday, hitting $14.10. 527,697 shares of the company traded hands. The stock’s 50-day moving average is $15.97 and its 200 day moving average is $15.85. The firm has a market capitalization of $599.77 million, a P/E ratio of 93.38 and a beta of 1.61. United Insurance Holdings Corp. has a 12 month low of $9.52 and a 12 month high of $17.81.

The company also recently declared a quarterly dividend, which was paid on Monday, August 28th. Investors of record on Monday, August 21st were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $0.24 dividend on an annualized basis and a yield of 1.70%. United Insurance Holdings Corp.’s dividend payout ratio is currently 1,200.00%.

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A number of institutional investors have recently modified their holdings of the stock. Rafferty Asset Management LLC acquired a new stake in United Insurance Holdings Corp. during the first quarter worth approximately $817,000. Principal Financial Group Inc. raised its holdings in United Insurance Holdings Corp. by 1.8% during the first quarter. Principal Financial Group Inc. now owns 134,918 shares of the insurance provider’s stock worth $2,152,000 after purchasing an additional 2,370 shares in the last quarter. Pitcairn Co. acquired a new stake in United Insurance Holdings Corp. during the first quarter worth approximately $338,000. Globeflex Capital L P acquired a new stake in United Insurance Holdings Corp. during the first quarter worth approximately $532,000. Finally, Investment Management of Virginia LLC raised its holdings in United Insurance Holdings Corp. by 41.4% during the second quarter. Investment Management of Virginia LLC now owns 75,290 shares of the insurance provider’s stock worth $1,184,000 after purchasing an additional 22,045 shares in the last quarter. Institutional investors own 29.32% of the company’s stock.

UIHC has been the subject of several recent research reports. Wells Fargo & Company restated a “buy” rating on shares of United Insurance Holdings Corp. in a report on Wednesday, August 9th. ValuEngine upgraded shares of United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. JMP Securities upgraded shares of United Insurance Holdings Corp. from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of United Insurance Holdings Corp. from a “hold” rating to a “strong sell” rating in a report on Friday, July 14th. Finally, BidaskClub lowered shares of United Insurance Holdings Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $16.17.

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.

Insider Buying and Selling by Quarter for United Insurance Holdings Corp. (NASDAQ:UIHC)

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