Capstone Asset Management Co. increased its position in shares of United Insurance Holdings Corp. (NASDAQ:UIHC) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,770 shares of the insurance provider’s stock after buying an additional 400 shares during the period. Capstone Asset Management Co.’s holdings in United Insurance Holdings Corp. were worth $280,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of United Insurance Holdings Corp. by 9.6% in the first quarter. Vanguard Group Inc. now owns 941,974 shares of the insurance provider’s stock worth $15,025,000 after buying an additional 82,222 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of United Insurance Holdings Corp. by 9.0% in the first quarter. Dimensional Fund Advisors LP now owns 781,449 shares of the insurance provider’s stock worth $12,464,000 after buying an additional 64,495 shares during the last quarter. State Street Corp increased its stake in shares of United Insurance Holdings Corp. by 8.5% in the fourth quarter. State Street Corp now owns 329,766 shares of the insurance provider’s stock worth $4,992,000 after buying an additional 25,846 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of United Insurance Holdings Corp. by 2.6% in the first quarter. Geode Capital Management LLC now owns 329,151 shares of the insurance provider’s stock worth $5,249,000 after buying an additional 8,473 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of United Insurance Holdings Corp. by 33.3% in the first quarter. Bank of New York Mellon Corp now owns 303,727 shares of the insurance provider’s stock worth $4,845,000 after buying an additional 75,864 shares during the last quarter. 28.00% of the stock is currently owned by institutional investors.

Shares of United Insurance Holdings Corp. (NASDAQ:UIHC) traded up 0.55% during midday trading on Tuesday, reaching $16.55. The company’s stock had a trading volume of 14,216 shares. The stock’s 50-day moving average price is $15.92 and its 200-day moving average price is $15.70. United Insurance Holdings Corp. has a 12-month low of $9.52 and a 12-month high of $17.81. The company has a market cap of $691.77 million, a P/E ratio of 109.60 and a beta of 1.61.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 21st will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, August 17th. This represents a $0.24 annualized dividend and a dividend yield of 1.46%. United Insurance Holdings Corp.’s dividend payout ratio is currently 1,200.00%.

COPYRIGHT VIOLATION WARNING: This news story was first posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.watchlistnews.com/capstone-asset-management-co-buys-400-shares-of-united-insurance-holdings-corp-uihc/1490743.html.

UIHC has been the topic of a number of recent research reports. Wells Fargo & Company reaffirmed a “buy” rating on shares of United Insurance Holdings Corp. in a research report on Wednesday, August 9th. ValuEngine raised United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. JMP Securities raised United Insurance Holdings Corp. from an “underperform” rating to a “market perform” rating in a research report on Wednesday, August 9th. Zacks Investment Research downgraded United Insurance Holdings Corp. from a “hold” rating to a “strong sell” rating in a research report on Friday, July 14th. Finally, BidaskClub downgraded United Insurance Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. United Insurance Holdings Corp. currently has a consensus rating of “Buy” and an average target price of $16.17.

In other United Insurance Holdings Corp. news, Director Alec Poitevint II acquired 3,519 shares of the stock in a transaction dated Wednesday, May 17th. The stock was acquired at an average cost of $15.03 per share, with a total value of $52,890.57. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $300,600. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 22.60% of the company’s stock.

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.

Want to see what other hedge funds are holding UIHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Insurance Holdings Corp. (NASDAQ:UIHC).

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

Receive News & Ratings for United Insurance Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Insurance Holdings Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.