United Insurance Holdings Corp. (NASDAQ:UIHC) has earned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $18.00.

A number of research analysts have recently issued reports on the stock. JMP Securities upgraded shares of United Insurance Holdings Corp. from an “underperform” rating to a “market perform” rating in a research report on Wednesday, August 9th. Wells Fargo & Company restated a “buy” rating on shares of United Insurance Holdings Corp. in a research report on Wednesday, August 9th. Zacks Investment Research downgraded shares of United Insurance Holdings Corp. from a “hold” rating to a “strong sell” rating in a research report on Friday, July 14th. ValuEngine upgraded shares of United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, BidaskClub downgraded shares of United Insurance Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th.

Several institutional investors have recently added to or reduced their stakes in UIHC. SG Americas Securities LLC acquired a new position in shares of United Insurance Holdings Corp. during the 1st quarter valued at $144,000. Thrivent Financial For Lutherans acquired a new position in shares of United Insurance Holdings Corp. during the 1st quarter valued at $160,000. Citadel Advisors LLC acquired a new position in shares of United Insurance Holdings Corp. during the 1st quarter valued at $177,000. Texas Permanent School Fund lifted its position in shares of United Insurance Holdings Corp. by 2.0% during the 2nd quarter. Texas Permanent School Fund now owns 13,108 shares of the insurance provider’s stock valued at $206,000 after acquiring an additional 256 shares during the period. Finally, State of Tennessee Treasury Department lifted its position in shares of United Insurance Holdings Corp. by 17.8% during the 1st quarter. State of Tennessee Treasury Department now owns 15,198 shares of the insurance provider’s stock valued at $242,000 after acquiring an additional 2,294 shares during the period. Institutional investors own 29.32% of the company’s stock.

Shares of United Insurance Holdings Corp. (NASDAQ UIHC) opened at 15.94 on Friday. The company has a market cap of $678.04 million, a P/E ratio of 105.56 and a beta of 1.61. The firm has a 50-day moving average of $15.84 and a 200 day moving average of $15.78. United Insurance Holdings Corp. has a 52 week low of $9.52 and a 52 week high of $17.81.

The company also recently declared a quarterly dividend, which was paid on Monday, August 28th. Stockholders of record on Monday, August 21st were given 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 dividend yield of 1.51%. United Insurance Holdings Corp.’s dividend payout ratio (DPR) is currently 1,200.00%.

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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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