United Insurance Holdings Corp (UIHC) Position Maintained by State of Wisconsin Investment Board

State of Wisconsin Investment Board continued to hold its position in shares of United Insurance Holdings Corp (NASDAQ:UIHC) during the first quarter, Holdings Channel reports. The fund owned 549,600 shares of the insurance provider’s stock at the end of the first quarter. State of Wisconsin Investment Board’s holdings in United Insurance Holdings Corp were worth $8,766,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in UIHC. Municipal Employees Retirement System of Michigan increased its position in shares of United Insurance Holdings Corp by 0.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 9,780 shares of the insurance provider’s stock worth $166,000 after buying an additional 70 shares during the period. Ellington Management Group LLC acquired a new position in shares of United Insurance Holdings Corp during the fourth quarter worth about $195,000. State of Tennessee Treasury Department increased its position in shares of United Insurance Holdings Corp by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 15,198 shares of the insurance provider’s stock worth $242,000 after buying an additional 2,294 shares during the period. Analytic Investors LLC increased its position in shares of United Insurance Holdings Corp by 52.1% in the third quarter. Analytic Investors LLC now owns 15,764 shares of the insurance provider’s stock worth $267,000 after buying an additional 5,400 shares during the period. Finally, Comerica Bank increased its position in shares of 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 during the period. 55.04% of the stock is owned by hedge funds and other institutional investors.

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

Shares of United Insurance Holdings Corp (NASDAQ:UIHC) traded up 5.05% during trading on Friday, reaching $16.03. The company had a trading volume of 157,092 shares. The company has a market capitalization of $344.73 million, a P/E ratio of 53.26 and a beta of 1.51. The firm has a 50-day moving average price of $15.24 and a 200-day moving average price of $14.98. United Insurance Holdings Corp has a 52-week low of $9.52 and a 52-week high of $18.29.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 30th. Shareholders of record on Tuesday, May 23rd will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, May 19th. This represents a $0.24 annualized dividend and a yield of 1.50%. United Insurance Holdings Corp’s dividend payout ratio is presently 17.27%.

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A number of brokerages recently issued reports on UIHC. Raymond James Financial, Inc. raised United Insurance Holdings Corp from an “outperform” rating to a “strong-buy” rating and set a $18.00 price target for the company in a report on Thursday, February 9th. Zacks Investment Research raised United Insurance Holdings Corp from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Tuesday, March 14th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of United Insurance Holdings Corp in a report on Thursday, April 6th.

In other United Insurance Holdings Corp news, CRO Deepak Menon acquired 20,000 shares of the company’s stock in a transaction on Friday, February 24th. The shares were bought at an average cost of $16.23 per share, for a total transaction of $324,600.00. Following the acquisition, the executive now directly owns 83,592 shares of the company’s stock, valued at $1,356,698.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sherrill W. Hudson acquired 24,647 shares of the company’s stock in a transaction on Thursday, February 23rd. The shares were acquired at an average price of $16.11 per share, for a total transaction of $397,063.17. Following the completion of the acquisition, the director now directly owns 90,300 shares in the company, valued at $1,454,733. The disclosure for this purchase can be found here. Insiders have acquired a total of 123,151 shares of company stock worth $1,962,372 over the last 90 days. 21.40% of the stock is owned by company insiders.

United Insurance Holdings Corp 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.

5 Day Chart for NASDAQ:UIHC

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