United Insurance Holdings Corp. (NASDAQ:UIHC)’s share price traded down 2.2% on Friday . The stock traded as low as $15.58 and last traded at $15.68, with a volume of 57,433 shares trading hands. The stock had previously closed at $16.04.

Separately, Zacks Investment Research lowered shares of United Insurance Holdings Corp. from a “buy” rating to a “hold” rating in a report on Friday, April 29th.

The firm’s 50-day moving average is $16.39 and its 200-day moving average is $16.81. The firm has a market cap of $339.39 million and a price-to-earnings ratio of 11.28.

A hedge fund recently bought a new stake in United Insurance Holdings Corp. stock. Pear Tree Advisors Inc. purchased a new position in shares of United Insurance Holdings Corp. (NASDAQ:UIHC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 81,741 shares of the company’s stock, valued at approximately $1,398,000. Pear Tree Advisors Inc. owned approximately 0.38% of United Insurance Holdings Corp. as of its most recent filing with the SEC.

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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