United Insurance (UIHC) Stock Rating Reaffirmed by Keefe, Bruyette & Woods
Keefe, Bruyette & Woods restated their buy rating on shares of United Insurance (NASDAQ:UIHC) in a research note published on Friday. Keefe, Bruyette & Woods currently has a $20.00 price target on the insurance provider’s stock.
A number of other research analysts have also weighed in on the company. ValuEngine lowered United Insurance from a hold rating to a sell rating in a report on Tuesday, October 17th. Zacks Investment Research lowered United Insurance from a hold rating to a sell rating in a report on Thursday, October 5th. Finally, Wells Fargo & Co reaffirmed a buy rating and set a $18.00 target price on shares of United Insurance in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $18.67.
Shares of United Insurance (NASDAQ UIHC) opened at $16.51 on Friday. United Insurance has a twelve month low of $13.05 and a twelve month high of $17.81. The firm has a market capitalization of $701.61, a PE ratio of -20.64, a P/E/G ratio of 1.11 and a beta of 1.53.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 22nd were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Tuesday, November 21st. United Insurance’s payout ratio is presently -30.00%.
In other United Insurance news, Director Michael Hogan purchased 2,500 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was purchased at an average price of $16.45 per share, for a total transaction of $41,125.00. Following the transaction, the director now owns 57,438 shares in the company, valued at approximately $944,855.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alec Poitevint II purchased 1,500 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were acquired at an average price of $16.71 per share, with a total value of $25,065.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $334,200. The disclosure for this purchase can be found here. 22.60% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. First Quadrant L P CA bought a new stake in shares of United Insurance during the 3rd quarter valued at about $101,000. Municipal Employees Retirement System of Michigan boosted its position in shares of United Insurance by 82.9% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 7,720 shares of the insurance provider’s stock valued at $126,000 after acquiring an additional 3,500 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of United Insurance by 88.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 10,119 shares of the insurance provider’s stock valued at $165,000 after acquiring an additional 4,754 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in shares of United Insurance by 7.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 10,750 shares of the insurance provider’s stock valued at $169,000 after acquiring an additional 720 shares during the last quarter. Finally, Stevens Capital Management LP bought a new stake in shares of United Insurance during the 3rd quarter valued at about $209,000. Hedge funds and other institutional investors own 31.54% of the company’s stock.
United Insurance Company 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.
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