Great West Life Assurance Co. Can Has $446,000 Stake in United Insurance Holdings Corp. (UIHC)

Great West Life Assurance Co. Can maintained its stake in shares of United Insurance Holdings Corp. (NASDAQ:UIHC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,006 shares of the insurance provider’s stock at the end of the first quarter. Great West Life Assurance Co. Can’s holdings in United Insurance Holdings Corp. were worth $446,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Ellington Management Group LLC bought a new stake in shares of United Insurance Holdings Corp. during the fourth quarter valued at approximately $195,000. Comerica Bank raised its position in United Insurance Holdings Corp. by 5.6% in the fourth quarter. Comerica Bank now owns 18,909 shares of the insurance provider’s stock worth $285,000 after buying an additional 999 shares in the last quarter. Hartford Investment Management Co. raised its position in United Insurance Holdings Corp. by 48.5% in the first quarter. Hartford Investment Management Co. now owns 20,200 shares of the insurance provider’s stock worth $322,000 after buying an additional 6,600 shares in the last quarter. Doyle Wealth Management acquired a new position in United Insurance Holdings Corp. during the first quarter worth approximately $386,000. Finally, Bowling Portfolio Management LLC raised its position in United Insurance Holdings Corp. by 16.6% in the fourth quarter. Bowling Portfolio Management LLC now owns 36,741 shares of the insurance provider’s stock worth $556,000 after buying an additional 5,234 shares in the last quarter. 28.51% of the stock is currently owned by institutional investors and hedge funds.

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

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 30th. Stockholders of record on Tuesday, May 23rd were paid a $0.06 dividend. The ex-dividend date was Friday, May 19th. This represents a $0.24 annualized dividend and a dividend yield of 1.53%. United Insurance Holdings Corp.’s payout ratio is 80.00%.

COPYRIGHT VIOLATION NOTICE: “Great West Life Assurance Co. Can Has $446,000 Stake in United Insurance Holdings Corp. (UIHC)” was first posted by Mideast Time and is the sole property of of Mideast Time. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.mideasttime.com/great-west-life-assurance-co-can-has-446000-stake-in-united-insurance-holdings-corp-uihc/1804111.html.

A number of equities analysts have commented on the company. ValuEngine raised United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Zacks Investment Research raised United Insurance Holdings Corp. from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, March 14th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating on shares of United Insurance Holdings Corp. in a research note on Thursday, April 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $16.17.

In other United Insurance Holdings Corp. news, Director Alec Poitevint II purchased 12,276 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were bought at an average price of $14.73 per share, for a total transaction of $180,825.48. Following the purchase, the director now owns 20,000 shares in the company, valued at approximately $294,600. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Andrew Swenson purchased 4,000 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was acquired at an average price of $15.00 per share, for a total transaction of $60,000.00. Following the purchase, the insider now owns 30,017 shares in the company, valued at approximately $450,255. The disclosure for this purchase can be found here. In the last quarter, insiders bought 24,000 shares of company stock worth $356,791. Corporate insiders own 22.60% of the company’s stock.

About United Insurance Holdings Corp.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:UIHC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding UIHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Insurance Holdings Corp. (NASDAQ:UIHC).

Receive News & Ratings for United Insurance Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Insurance Holdings Corp. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.