Insider Buying: United Insurance Holdings Corp (UIHC) Director Acquires 1,500 Shares of Stock
United Insurance Holdings Corp (NASDAQ:UIHC) Director Alec Poitevint II acquired 1,500 shares of United Insurance stock in a transaction on Friday, December 15th. The stock was acquired at an average price of $16.71 per share, with a total value of $25,065.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at $334,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of United Insurance Holdings Corp (UIHC) traded up $0.54 during trading hours on Friday, reaching $16.85. The company’s stock had a trading volume of 615,097 shares, compared to its average volume of 140,967. United Insurance Holdings Corp has a 52-week low of $13.05 and a 52-week high of $17.81.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 22nd were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.24 annualized dividend and a dividend yield of 1.42%. United Insurance’s payout ratio is -30.00%.
Several hedge funds have recently bought and sold shares of the company. Lido Advisors LLC bought a new position in shares of United Insurance during the 3rd quarter worth $2,877,000. California State Teachers Retirement System grew its stake in shares of United Insurance by 10.6% during the 3rd quarter. California State Teachers Retirement System now owns 33,385 shares of the insurance provider’s stock worth $544,000 after acquiring an additional 3,200 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of United Insurance by 14.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 925,428 shares of the insurance provider’s stock worth $15,084,000 after acquiring an additional 119,424 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of United Insurance by 225.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 79,456 shares of the insurance provider’s stock worth $1,296,000 after acquiring an additional 55,056 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of United Insurance by 13.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 105,747 shares of the insurance provider’s stock worth $1,723,000 after acquiring an additional 12,282 shares during the period. Institutional investors own 31.58% of the company’s stock.
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United Insurance 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.
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