United Insurance Holdings Corp. (NASDAQ:UIHC) announced a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Investors of record on Monday, August 21st will be paid a dividend of 0.06 per share by the insurance provider on Monday, August 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Thursday, August 17th.

Shares of United Insurance Holdings Corp. (NASDAQ:UIHC) traded up 2.89% during midday trading on Wednesday, hitting $16.02. 172,260 shares of the company were exchanged. United Insurance Holdings Corp. has a one year low of $9.52 and a one year high of $17.81. The firm has a market cap of $344.51 million, a P/E ratio of 53.22 and a beta of 1.61. The company’s 50 day moving average price is $15.92 and its 200 day moving average price is $15.63.

In related news, Director Alec Poitevint II bought 3,519 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were purchased at an average price of $15.03 per share, with a total value of $52,890.57. Following the completion of the purchase, 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 is available at this hyperlink. Also, insider Andrew Swenson bought 4,000 shares of the business’s stock in a transaction on Friday, May 12th. The stock was bought at an average cost of $15.00 per share, for a total transaction of $60,000.00. Following the purchase, the insider now directly owns 30,017 shares of the company’s stock, valued at approximately $450,255. The disclosure for this purchase can be found here. Insiders acquired 24,000 shares of company stock worth $356,791 in the last three months. Insiders own 22.60% of the company’s stock.

Several equities analysts recently issued reports on the company. Zacks Investment Research cut United Insurance Holdings Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th. JMP Securities upgraded United Insurance Holdings Corp. from an “underperform” rating to a “market perform” rating in a report on Wednesday. Wells Fargo & Company reiterated a “buy” rating on shares of United Insurance Holdings Corp. in a report on Wednesday. ValuEngine upgraded United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, BidaskClub lowered United Insurance Holdings Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $16.17.

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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.

Dividend History for United Insurance Holdings Corp. (NASDAQ:UIHC)

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