United Insurance Holdings Corp. (UIHC) Shares Up 8.3%
United Insurance Holdings Corp. (NASDAQ:UIHC) shares shot up 8.3% on Thursday . The company traded as high as $16.00 and last traded at $15.99, with a volume of 281,775 shares traded. The stock had previously closed at $14.76.
Separately, Zacks Investment Research upgraded United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th.
The company has a market cap of $337.36 million and a P/E ratio of 9.78. The firm has a 50 day moving average of $15.74 and a 200-day moving average of $16.80.
United Insurance Holdings Corp. (NASDAQ:UIHC) last released its quarterly earnings results 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. Analysts forecast that United Insurance Holdings Corp. will post $1.66 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Tuesday, August 23rd will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, August 19th. This represents a $0.24 annualized dividend and a yield of 1.53%.
An institutional investor recently raised its position in United Insurance Holdings Corp. stock. Dimensional Fund Advisors LP boosted its stake in United Insurance Holdings Corp. (NASDAQ:UIHC) by 25.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 377,993 shares of the company’s stock after buying an additional 77,180 shares during the period. Dimensional Fund Advisors LP owned 1.77% of United Insurance Holdings Corp. worth $6,464,000 as of its most recent SEC filing.
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.