Geode Capital Management LLC raised its stake in shares of United Insurance Holdings Corp. (NASDAQ:UIHC) by 2.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 329,151 shares of the insurance provider’s stock after buying an additional 8,473 shares during the period. Geode Capital Management LLC’s holdings in United Insurance Holdings Corp. were worth $5,249,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in UIHC. Vanguard Group Inc. boosted 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 valued at $15,025,000 after buying an additional 82,222 shares in the last quarter. Thrivent Financial For Lutherans acquired a new stake in shares of United Insurance Holdings Corp. during the first quarter valued at about $160,000. California Public Employees Retirement System boosted its stake in shares of United Insurance Holdings Corp. by 6.6% in the first quarter. California Public Employees Retirement System now owns 35,500 shares of the insurance provider’s stock valued at $566,000 after buying an additional 2,200 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of United Insurance Holdings Corp. by 1.8% in the first quarter. Principal Financial Group Inc. now owns 134,918 shares of the insurance provider’s stock valued at $2,152,000 after buying an additional 2,370 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in shares of United Insurance Holdings Corp. by 11.7% in the first quarter. OppenheimerFunds Inc. now owns 21,085 shares of the insurance provider’s stock valued at $336,000 after buying an additional 2,209 shares in the last quarter. Hedge funds and other institutional investors own 27.80% of the company’s stock.

Shares of United Insurance Holdings Corp. (NASDAQ:UIHC) traded up 0.06% during mid-day trading on Friday, hitting $16.14. 92,798 shares of the stock traded hands. The company has a market cap of $674.64 million, a P/E ratio of 106.89 and a beta of 1.61. The firm has a 50 day moving average of $15.88 and a 200 day moving average of $15.67. United Insurance Holdings Corp. has a 12 month low of $9.52 and a 12 month high of $17.81.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Monday, August 21st will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, August 17th. United Insurance Holdings Corp.’s dividend payout ratio (DPR) is currently 1,200.00%.

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Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Saturday. BidaskClub upgraded shares of United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Friday. Wells Fargo & Company restated a “buy” rating on shares of United Insurance Holdings Corp. in a research report on Wednesday. JMP Securities upgraded shares of United Insurance Holdings Corp. from an “underperform” rating to a “market perform” rating in a research report on Wednesday. Finally, ValuEngine upgraded shares of United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Four analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. United Insurance Holdings Corp. has an average rating of “Buy” and a consensus price target of $16.17.

In other United Insurance Holdings Corp. news, Director Alec Poitevint II acquired 3,519 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average price of $15.03 per share, for a total transaction of $52,890.57. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at approximately $300,600. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 22.60% 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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Institutional Ownership by Quarter for United Insurance Holdings Corp. (NASDAQ:UIHC)

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