Shares of United Insurance Holdings Corp. (NASDAQ:UIHC) dropped 3.2% during mid-day trading on Friday . The company traded as low as $15.22 and last traded at $15.36, with a volume of 57,961 shares trading hands. The stock had previously closed at $15.87.

Separately, Zacks Investment Research raised shares of United Insurance Holdings Corp. from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 30th.

The firm has a 50 day moving average price of $15.64 and a 200-day moving average price of $16.86. The firm has a market capitalization of $321.90 million and a P/E ratio of 9.33.

United Insurance Holdings Corp. (NASDAQ:UIHC) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.05. On average, equities research analysts anticipate that United Insurance Holdings Corp. will post $1.66 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Tuesday, August 23rd were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, August 19th.

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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