Shares of United Insurance Holdings (NASDAQ:UIHC) reached a new 52-week high and low during trading on Wednesday after an insider bought additional shares in the company. The stock traded as low as $21.27 and last traded at $21.01, with a volume of 3751 shares traded. The stock had previously closed at $20.97.
Specifically, Director Michael Hogan acquired 2,500 shares of United Insurance stock in a transaction on Tuesday, May 15th. The stock was purchased at an average price of $20.54 per share, with a total value of $51,350.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 52.40% of the company’s stock.
UIHC has been the subject of a number of research reports. BidaskClub raised United Insurance from a “hold” rating to a “buy” rating in a research note on Friday, January 19th. Zacks Investment Research cut United Insurance from a “buy” rating to a “hold” rating in a research note on Saturday, January 20th. Wells Fargo reissued a “buy” rating and issued a $20.50 price objective on shares of United Insurance in a research note on Wednesday, February 21st. Finally, ValuEngine raised United Insurance from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $21.67.
United Insurance (NASDAQ:UIHC) last announced its quarterly earnings data on Tuesday, May 8th. The insurance provider reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.02. United Insurance had a return on equity of 9.11% and a net margin of 2.05%. The firm had revenue of $182.36 million during the quarter, compared to analysts’ expectations of $178.33 million. analysts predict that United Insurance Holdings will post 2.08 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 29th. Stockholders of record on Tuesday, May 22nd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, May 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.14%. United Insurance’s dividend payout ratio is presently 25.81%.
Several hedge funds have recently bought and sold shares of UIHC. MetLife Investment Advisors LLC bought a new position in shares of United Insurance in the fourth quarter valued at approximately $149,000. KBC Group NV bought a new position in shares of United Insurance in the first quarter valued at approximately $151,000. Stone Ridge Asset Management LLC bought a new position in shares of United Insurance in the fourth quarter valued at approximately $214,000. Stevens Capital Management LP bought a new position in shares of United Insurance in the first quarter valued at approximately $243,000. Finally, Unison Advisors LLC bought a new position in shares of United Insurance in the fourth quarter valued at approximately $262,000. Institutional investors own 32.05% of the company’s stock.
United Insurance Company Profile
United Insurance Holdings Corp. operates as a property and casualty insurance holding company that sources, writes, and services residential and commercial property, and casualty insurance policies in the United States. The company offers structure, content, and liability coverage for standard single-family homeowners, renters, and condominium unit owners, as well as dwelling fire policies.
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