TIAA CREF Investment Management LLC lessened its stake in shares of United Insurance Holdings Corp. (NASDAQ:UIHC) by 56.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,806 shares of the insurance provider’s stock after selling 59,774 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.22% of United Insurance Holdings Corp. worth $736,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Teachers Advisors LLC lifted its position in shares of United Insurance Holdings Corp. by 8.7% during the 2nd quarter. Teachers Advisors LLC now owns 32,918 shares of the insurance provider’s stock worth $518,000 after buying an additional 2,634 shares during the last quarter. Symphony Asset Management LLC raised its position in United Insurance Holdings Corp. by 4.4% in the 2nd quarter. Symphony Asset Management LLC now owns 25,016 shares of the insurance provider’s stock valued at $393,000 after purchasing an additional 1,047 shares during the last quarter. Alliancebernstein L.P. raised its position in United Insurance Holdings Corp. by 77.8% in the 2nd quarter. Alliancebernstein L.P. now owns 22,400 shares of the insurance provider’s stock valued at $352,000 after purchasing an additional 9,800 shares during the last quarter. Franklin Resources Inc. raised its position in United Insurance Holdings Corp. by 17.1% in the 2nd quarter. Franklin Resources Inc. now owns 584,134 shares of the insurance provider’s stock valued at $9,189,000 after purchasing an additional 85,300 shares during the last quarter. Finally, LSV Asset Management raised its position in United Insurance Holdings Corp. by 85.1% in the 2nd quarter. LSV Asset Management now owns 229,900 shares of the insurance provider’s stock valued at $3,616,000 after purchasing an additional 105,700 shares during the last quarter. Institutional investors and hedge funds own 28.98% of the company’s stock.

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United Insurance Holdings Corp. (UIHC) opened at $15.60 on Wednesday. United Insurance Holdings Corp. has a 12 month low of $12.92 and a 12 month high of $17.81.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 22nd will be paid a $0.06 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $0.24 annualized dividend and a yield of 1.54%. United Insurance Holdings Corp.’s dividend payout ratio is currently -30.00%.

Several analysts recently commented on UIHC shares. BidaskClub downgraded shares of United Insurance Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. JMP Securities upgraded shares of United Insurance Holdings Corp. from an “underperform” rating to a “market perform” rating in a research report on Wednesday, August 9th. Wells Fargo & Company reiterated a “buy” rating on shares of United Insurance Holdings Corp. in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Finally, ValuEngine downgraded shares of United Insurance Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. United Insurance Holdings Corp. has an average rating of “Buy” and a consensus target price of $18.00.

United Insurance Holdings Corp. Profile

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.

Institutional Ownership by Quarter for United Insurance Holdings Corp. (NASDAQ:UIHC)

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