Shares of United Insurance Holdings Corp. (NASDAQ:UIHC) have received a consensus rating of “Buy” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $18.00.

UIHC has been the topic of several recent analyst reports. Wells Fargo & Company reiterated a “buy” rating and set a $18.00 price objective on shares of United Insurance in a report on Tuesday, November 7th. Zacks Investment Research upgraded United Insurance from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. BidaskClub upgraded United Insurance from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Finally, ValuEngine cut United Insurance from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th.

United Insurance (UIHC) opened at $16.51 on Friday. United Insurance has a 1-year low of $13.05 and a 1-year high of $17.81.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 22nd were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.45%. The ex-dividend date was Tuesday, November 21st. United Insurance’s payout ratio is -30.00%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lido Advisors LLC bought a new stake in United Insurance in the 3rd quarter valued at approximately $2,877,000. California State Teachers Retirement System lifted its stake in United Insurance by 10.6% in the 3rd quarter. California State Teachers Retirement System now owns 33,385 shares of the insurance provider’s stock valued at $544,000 after acquiring an additional 3,200 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in United Insurance by 14.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 925,428 shares of the insurance provider’s stock valued at $15,084,000 after acquiring an additional 119,424 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in United Insurance by 225.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 79,456 shares of the insurance provider’s stock valued at $1,296,000 after acquiring an additional 55,056 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in United Insurance by 13.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 105,747 shares of the insurance provider’s stock valued at $1,723,000 after acquiring an additional 12,282 shares in the last quarter. Hedge funds and other institutional investors own 31.58% of the company’s stock.

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About United Insurance

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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