United Insurance (UIHC) Receives “Buy” Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their buy rating on shares of United Insurance (NASDAQ:UIHC) in a report released on Friday morning. They currently have a $20.00 price objective on the insurance provider’s stock.

Other analysts have also issued research reports about the stock. Wells Fargo & Co reaffirmed a buy rating and issued a $18.00 price objective on shares of United Insurance in a research report on Tuesday, November 7th. Zacks Investment Research raised shares of United Insurance from a strong sell rating to a hold rating in a research report on Thursday, December 14th. Finally, ValuEngine lowered shares of United Insurance from a hold rating to a sell rating in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of Buy and an average target price of $18.67.

Shares of United Insurance (NASDAQ:UIHC) traded down $0.10 during mid-day trading on Friday, reaching $16.51. 41,201 shares of the company’s stock traded hands, compared to its average volume of 103,950. The company has a market capitalization of $701.61, a price-to-earnings ratio of -20.64, a price-to-earnings-growth ratio of 1.11 and a beta of 1.53. United Insurance has a twelve month low of $13.05 and a twelve month high of $17.81.

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

In other United Insurance news, Director Michael Hogan purchased 2,500 shares of the stock in a transaction dated Tuesday, December 12th. The shares were bought at an average price of $16.45 per share, with a total value of $41,125.00. Following the completion of the transaction, the director now directly owns 57,438 shares in the company, valued at approximately $944,855.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Alec Poitevint II purchased 1,500 shares of the stock in a transaction dated Friday, December 15th. The stock was acquired at an average cost of $16.71 per share, for a total transaction of $25,065.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $334,200. The disclosure for this purchase can be found here. Insiders own 22.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of UIHC. Vanguard Group Inc. grew its stake in United Insurance by 9.6% during the first quarter. Vanguard Group Inc. now owns 941,974 shares of the insurance provider’s stock valued at $15,025,000 after acquiring an additional 82,222 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in United Insurance during the second quarter valued at approximately $330,000. Dimensional Fund Advisors LP grew its stake in United Insurance by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 806,004 shares of the insurance provider’s stock valued at $12,679,000 after acquiring an additional 24,555 shares in the last quarter. Texas Permanent School Fund grew its stake in United Insurance by 2.0% during the second 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 in the last quarter. Finally, Icon Advisers Inc. Co. grew its stake in United Insurance by 30.4% during the second quarter. Icon Advisers Inc. Co. now owns 93,600 shares of the insurance provider’s stock valued at $1,472,000 after acquiring an additional 21,800 shares in the last quarter. 31.54% of the stock is currently owned by institutional investors.

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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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