United Insurance Holdings Corp (UIHC) Holdings Trimmed by Foundry Partners LLC

Foundry Partners LLC cut its stake in shares of United Insurance Holdings Corp (NASDAQ:UIHC) by 16.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 226,490 shares of the insurance provider’s stock after selling 45,321 shares during the period. Foundry Partners LLC owned about 0.53% of United Insurance worth $5,069,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Louisiana State Employees Retirement System purchased a new stake in shares of United Insurance during the 3rd quarter valued at $210,000. Northern Trust Corp increased its position in shares of United Insurance by 6.3% during the 2nd quarter. Northern Trust Corp now owns 261,572 shares of the insurance provider’s stock valued at $5,122,000 after purchasing an additional 15,513 shares during the last quarter. Ashford Capital Management Inc. purchased a new stake in shares of United Insurance during the 2nd quarter valued at $14,346,000. Raymond James & Associates increased its position in shares of United Insurance by 8.2% during the 2nd quarter. Raymond James & Associates now owns 265,120 shares of the insurance provider’s stock valued at $5,191,000 after purchasing an additional 20,033 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of United Insurance by 14.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,341,228 shares of the insurance provider’s stock valued at $26,261,000 after purchasing an additional 165,789 shares during the last quarter. Institutional investors and hedge funds own 32.55% of the company’s stock.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered United Insurance from a “hold” rating to a “sell” rating in a research report on Friday, October 5th. BidaskClub lowered United Insurance from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of United Insurance in a research report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $22.00.

Shares of UIHC opened at $20.16 on Friday. United Insurance Holdings Corp has a fifty-two week low of $15.30 and a fifty-two week high of $22.43. The stock has a market capitalization of $874.43 million, a P/E ratio of 21.81, a PEG ratio of 0.70 and a beta of 1.65.

United Insurance (NASDAQ:UIHC) last announced its quarterly earnings data on Wednesday, August 1st. The insurance provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.18). United Insurance had a return on equity of 8.35% and a net margin of 3.08%. The firm had revenue of $182.21 million during the quarter, compared to analysts’ expectations of $221.89 million. As a group, analysts forecast that United Insurance Holdings Corp will post 1.46 earnings per share for the current year.

United Insurance Company Profile

United Insurance Holdings Corp. operates as a property and casualty insurance holding company that sources, writes, and services residential 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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Institutional Ownership by Quarter for United Insurance (NASDAQ:UIHC)

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