Teachers Retirement System of The State of Kentucky Holds Position in United Insurance Holdings Corp. (UIHC)

Teachers Retirement System of The State of Kentucky held its position in United Insurance Holdings Corp. (NASDAQ:UIHC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,400 shares of the insurance provider’s stock at the end of the 2nd quarter. Teachers Retirement System of The State of Kentucky’s holdings in United Insurance Holdings Corp. were worth $101,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. ETRADE Capital Management LLC raised its holdings in shares of United Insurance Holdings Corp. by 4.9% in the 2nd quarter. ETRADE Capital Management LLC now owns 60,216 shares of the insurance provider’s stock worth $947,000 after purchasing an additional 2,821 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of United Insurance Holdings Corp. by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 977,451 shares of the insurance provider’s stock worth $15,376,000 after purchasing an additional 35,477 shares in the last quarter. Northern Trust Corp raised its holdings in shares of United Insurance Holdings Corp. by 1.1% in the 2nd quarter. Northern Trust Corp now owns 206,410 shares of the insurance provider’s stock worth $3,246,000 after purchasing an additional 2,176 shares in the last quarter. Citigroup Inc. raised its holdings in shares of United Insurance Holdings Corp. by 14.4% in the 2nd quarter. Citigroup Inc. now owns 25,717 shares of the insurance provider’s stock worth $405,000 after purchasing an additional 3,246 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its holdings in shares of United Insurance Holdings Corp. by 133.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 236,368 shares of the insurance provider’s stock worth $3,718,000 after purchasing an additional 135,233 shares in the last quarter. Institutional investors and hedge funds own 29.11% of the company’s stock.

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Shares of United Insurance Holdings Corp. (UIHC) opened at 15.74 on Wednesday. United Insurance Holdings Corp. has a 12-month low of $9.52 and a 12-month high of $17.81. The firm has a market cap of $669.53 million, a price-to-earnings ratio of 104.24 and a beta of 1.59. The stock’s 50 day moving average is $16.12 and its 200-day moving average is $15.87.

A number of research firms recently commented on UIHC. Zacks Investment Research downgraded shares of United Insurance Holdings Corp. from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. BidaskClub upgraded shares of United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a report on Friday, August 11th. ValuEngine downgraded shares of United Insurance Holdings Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. 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. Finally, Wells Fargo & Company restated a “buy” rating on shares of United Insurance Holdings Corp. in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. United Insurance Holdings Corp. presently has a consensus rating of “Buy” and a consensus target price of $15.25.

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.

Institutional Ownership by Quarter for United Insurance Holdings Corp. (NASDAQ:UIHC)

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