Michael Hogan Purchases 2,500 Shares of United Insurance Holdings Corp (UIHC) Stock

United Insurance Holdings Corp (NASDAQ:UIHC) Director Michael Hogan bought 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were acquired at an average cost of $16.45 per share, for a total transaction of $41,125.00. Following the purchase, the director now directly owns 57,438 shares in the company, valued at approximately $944,855.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

United Insurance Holdings Corp (UIHC) traded up $0.54 during trading hours on Friday, reaching $16.85. The company’s stock had a trading volume of 615,097 shares, compared to its average volume of 87,967. United Insurance Holdings Corp has a 1-year low of $13.05 and a 1-year high of $17.81.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 22nd were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Tuesday, November 21st. United Insurance’s dividend payout ratio is currently -30.00%.

UIHC has been the topic of a number of research reports. Zacks Investment Research downgraded United Insurance from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. ValuEngine downgraded United Insurance from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Finally, Wells Fargo & Company reaffirmed a “buy” rating and issued a $18.00 price objective on shares of United Insurance in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $18.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Texas Permanent School Fund increased its position in shares of United Insurance by 2.0% during the 2nd quarter. Texas Permanent School Fund now owns 13,108 shares of the insurance provider’s stock valued at $206,000 after purchasing an additional 256 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of United Insurance by 2.3% during the 2nd quarter. Capstone Asset Management Co. now owns 17,770 shares of the insurance provider’s stock valued at $280,000 after purchasing an additional 400 shares during the last quarter. Rhumbline Advisers increased its position in shares of United Insurance by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 33,002 shares of the insurance provider’s stock valued at $519,000 after purchasing an additional 425 shares during the last quarter. Thrivent Financial For Lutherans increased 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 purchasing an additional 720 shares during the last quarter. Finally, Virginia Retirement Systems ET AL increased its position in shares of United Insurance by 3.3% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 25,300 shares of the insurance provider’s stock valued at $398,000 after purchasing an additional 800 shares during the last quarter. 31.58% of the stock is currently owned by hedge funds and other institutional investors.

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About United Insurance

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.

Insider Buying and Selling by Quarter for United Insurance (NASDAQ:UIHC)

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