BidaskClub upgraded shares of United Insurance (NASDAQ:UIHC) from a sell rating to a hold rating in a research report report published on Saturday, BidAskClub reports.

A number of other equities research analysts also recently commented on UIHC. Raymond James cut their target price on shares of United Insurance from $18.00 to $15.00 and set an outperform rating for the company in a research report on Monday, August 5th. Zacks Investment Research downgraded shares of United Insurance from a hold rating to a strong sell rating in a research report on Saturday, July 27th. Wells Fargo & Co set a $15.00 price objective on shares of United Insurance and gave the company a hold rating in a research report on Friday, July 19th. Finally, ValuEngine downgraded shares of United Insurance from a hold rating to a sell rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $17.75.

NASDAQ:UIHC opened at $12.49 on Friday. United Insurance has a 12 month low of $10.72 and a 12 month high of $22.43. The company has a market cap of $501.05 million, a PE ratio of 32.87, a price-to-earnings-growth ratio of 0.89 and a beta of 1.28. The company has a 50 day simple moving average of $12.76 and a two-hundred day simple moving average of $14.77.

United Insurance (NASDAQ:UIHC) last posted its earnings results on Wednesday, July 31st. The insurance provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.17). United Insurance had a negative return on equity of 2.94% and a negative net margin of 2.09%. The company had revenue of $202.05 million during the quarter, compared to the consensus estimate of $201.52 million. As a group, equities analysts predict that United Insurance will post 0.65 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 14th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Tuesday, August 13th. United Insurance’s payout ratio is 63.16%.

In other United Insurance news, Director Patrick Maroney acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was purchased at an average price of $11.75 per share, with a total value of $35,250.00. Following the transaction, the director now directly owns 7,750 shares in the company, valued at approximately $91,062.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John Scott St acquired 4,258 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average cost of $11.79 per share, with a total value of $50,201.82. Following the transaction, the insider now owns 6,784 shares in the company, valued at $79,983.36. The disclosure for this purchase can be found here. In the last three months, insiders have bought 11,960 shares of company stock valued at $141,306. Insiders own 52.50% of the company’s stock.

Hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA grew its position in shares of United Insurance by 2,276.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,278 shares of the insurance provider’s stock valued at $68,000 after acquiring an additional 4,098 shares during the period. Raymond James & Associates lifted its stake in shares of United Insurance by 9.8% during the 1st quarter. Raymond James & Associates now owns 315,350 shares of the insurance provider’s stock valued at $5,014,000 after buying an additional 28,020 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of United Insurance by 13.1% during the 4th quarter. Geode Capital Management LLC now owns 268,057 shares of the insurance provider’s stock valued at $4,455,000 after buying an additional 30,948 shares in the last quarter. Foundry Partners LLC lifted its stake in shares of United Insurance by 36.2% during the 1st quarter. Foundry Partners LLC now owns 365,855 shares of the insurance provider’s stock valued at $5,817,000 after buying an additional 97,265 shares in the last quarter. Finally, 6 Meridian lifted its stake in shares of United Insurance by 3.0% during the 2nd quarter. 6 Meridian now owns 43,438 shares of the insurance provider’s stock valued at $619,000 after buying an additional 1,257 shares in the last quarter. 37.56% of the stock is owned by hedge funds and other institutional investors.

About United Insurance

United Insurance Holdings Corp. operates as a property and casualty insurance holding company that sources, writes, and services residential personal and commercial property, and casualty insurance policies in the United States. The company offers structure, content, and liability coverage for standard single-family homeowners, renters, and condominium unit owners, as well as dwelling fire policies.

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