Shares of United Insurance Holdings Corp. (NASDAQ:UIHC) shot up 8.3% during mid-day trading on Thursday . The stock traded as high as $16.00 and last traded at $15.99, with a volume of 281,775 shares trading hands. The stock had previously closed at $14.76.

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

The company has a market cap of $341.44 million and a price-to-earnings ratio of 9.89. The firm has a 50 day moving average price of $15.75 and a 200 day moving average price of $16.81.

United Insurance Holdings Corp. (NASDAQ:UIHC) last posted its earnings results on Tuesday, August 2nd. The company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.05. On average, equities analysts predict that United Insurance Holdings Corp. will post $1.56 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Tuesday, August 23rd will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, August 19th. This represents a $0.24 annualized dividend and a yield of 1.63%.

An institutional investor recently raised its position in United Insurance Holdings Corp. stock. Ancora Advisors LLC increased its stake in shares of United Insurance Holdings Corp. (NASDAQ:UIHC) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,500 shares of the company’s stock after buying an additional 1,000 shares during the period. Ancora Advisors LLC owned 0.22% of United Insurance Holdings Corp. worth $1,021,000 at the end of the most recent reporting period.

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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