Zacks: United Insurance Holdings Corp (UIHC) Given $20.00 Average Price Target by Brokerages
Shares of United Insurance Holdings Corp (NASDAQ:UIHC) have been assigned a consensus broker rating score of 0.00 () from the three brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating and two have given a strong buy rating to the company.
Analysts have set a 1-year consensus price objective of $20.00 for the company and are expecting that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also given United Insurance Holdings Corp an industry rank of 166 out of 265 based on the ratings given to related companies.
Several research firms recently commented on UIHC. Zacks Investment Research upgraded United Insurance Holdings Corp from a “sell” rating to a “hold” rating in a research report on Friday, January 6th. Raymond James Financial, Inc. upgraded United Insurance Holdings Corp from an “outperform” rating to a “strong-buy” rating and set a $18.00 target price for the company in a research report on Thursday, February 9th.
Shares of United Insurance Holdings Corp (NASDAQ:UIHC) opened at 15.34 on Thursday. United Insurance Holdings Corp has a 1-year low of $9.52 and a 1-year high of $19.73. The stock has a market cap of $329.03 million, a P/E ratio of 59.00 and a beta of 1.51. The company has a 50 day moving average price of $15.67 and a 200 day moving average price of $15.08.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 8th were given a dividend of $0.06 per share. The ex-dividend date was Monday, March 6th. This represents a $0.24 annualized dividend and a dividend yield of 1.56%. United Insurance Holdings Corp’s dividend payout ratio (DPR) is presently 17.27%.
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In other United Insurance Holdings Corp news, General Counsel Kimberly Salmon bought 1,800 shares of the company’s stock in a transaction on Tuesday, March 14th. The stock was acquired at an average price of $16.03 per share, for a total transaction of $28,854.00. Following the completion of the transaction, the general counsel now directly owns 32,241 shares of the company’s stock, valued at $516,823.23. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Alec Poitevint II bought 18,300 shares of the company’s stock in a transaction on Monday, March 13th. The shares were acquired at an average price of $16.25 per share, with a total value of $297,375.00. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $243,750. The disclosure for this purchase can be found here. Insiders have acquired 99,151 shares of company stock valued at $1,605,581 in the last 90 days. Company insiders own 21.40% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Foundry Partners LLC raised its position in shares of United Insurance Holdings Corp by 17.4% in the third quarter. Foundry Partners LLC now owns 191,545 shares of the company’s stock valued at $3,252,000 after buying an additional 28,405 shares during the period. Algert Global LLC acquired a new position in shares of United Insurance Holdings Corp during the third quarter valued at about $188,000. First Quadrant L P CA raised its position in shares of United Insurance Holdings Corp by 7.8% in the third quarter. First Quadrant L P CA now owns 15,311 shares of the company’s stock valued at $260,000 after buying an additional 1,111 shares during the period. Quotient Investors LLC acquired a new position in shares of United Insurance Holdings Corp during the third quarter valued at about $300,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of United Insurance Holdings Corp during the third quarter valued at about $365,000. Institutional investors and hedge funds own 55.04% 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.
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