Hancock Holding Co. decreased its position in United Insurance Holdings Corp. (NASDAQ:UIHC) by 10.2% during the second quarter, Holdings Channel reports. The institutional investor owned 50,500 shares of the company’s stock after selling 5,760 shares during the period. Hancock Holding Co. owned 0.24% of United Insurance Holdings Corp. worth $827,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Acrospire Investment Management LLC boosted its stake in United Insurance Holdings Corp. by 156.5% in the second quarter. Acrospire Investment Management LLC now owns 7,369 shares of the company’s stock worth $121,000 after buying an additional 4,496 shares in the last quarter. Integre Asset Management LLC acquired a new stake in United Insurance Holdings Corp. during the first quarter valued at approximately $234,000. Emerald Acquisition Ltd. acquired a new stake in United Insurance Holdings Corp. during the second quarter valued at approximately $200,000. UBS Asset Management Americas Inc. acquired a new stake in United Insurance Holdings Corp. during the second quarter valued at approximately $209,000. Finally, First Quadrant L P CA acquired a new stake in United Insurance Holdings Corp. during the second quarter valued at approximately $233,000. Hedge funds and other institutional investors own 55.97% of the company’s stock.

United Insurance Holdings Corp. (NASDAQ:UIHC) traded down 0.4969% during mid-day trading on Monday, reaching $15.9205. The company’s stock had a trading volume of 32,827 shares. The firm has a 50-day moving average of $15.47 and a 200 day moving average of $16.82. United Insurance Holdings Corp. has a 1-year low of $12.12 and a 1-year high of $20.04. The firm has a market capitalization of $341.88 million, a price-to-earnings ratio of 9.9070 and a beta of 1.11.

United Insurance Holdings Corp. (NASDAQ:UIHC) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.05. United Insurance Holdings Corp. had a net margin of 8.29% and a return on equity of 14.91%. Equities analysts expect that United Insurance Holdings Corp. will post $1.66 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Tuesday, August 23rd were issued a $0.06 dividend. The ex-dividend date was Friday, August 19th. This represents a $0.24 annualized dividend and a dividend yield of 1.50%. United Insurance Holdings Corp.’s dividend payout ratio (DPR) is 14.91%.

Separately, Zacks Investment Research cut United Insurance Holdings Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 14th.

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.

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