United Insurance Holdings Corp. (NASDAQ:UIHC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

According to Zacks, “United Insurance Holdings Corp., together with its subsidiaries, operates as a property and casualty insurance company. It primarily offers homeowners and dwelling fire insurance policies, as well as provides flood insurance through the National Flood Insurance Program. From its headquarters in St. Petersburg, United’s team of dedicated employees manages a completely integrated insurance company, including sales, underwriting, policyholder service and claims. It principally markets its products through insurance agents. “

Several other equities research analysts have also recently commented on UIHC. JMP Securities raised shares of United Insurance Holdings Corp. from an “underperform” rating to a “market perform” rating in a research report on Wednesday. Wells Fargo & Company reissued a “buy” rating on shares of United Insurance Holdings Corp. in a research report on Wednesday. BidaskClub raised shares of United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Friday. Finally, ValuEngine raised shares of United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. United Insurance Holdings Corp. has an average rating of “Buy” and an average target price of $16.17.

United Insurance Holdings Corp. (NASDAQ:UIHC) opened at 16.14 on Friday. The firm has a market capitalization of $674.64 million, a P/E ratio of 106.89 and a beta of 1.61. The firm’s 50-day moving average is $15.88 and its 200 day moving average is $15.67. United Insurance Holdings Corp. has a 52-week low of $9.52 and a 52-week high of $17.81.

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In other news, Director Alec Poitevint II bought 4,205 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were bought at an average cost of $15.00 per share, with a total value of $63,075.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at $300,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.60% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of UIHC. SG Americas Securities LLC purchased a new stake in shares of United Insurance Holdings Corp. during the first quarter worth about $144,000. Thrivent Financial For Lutherans purchased a new stake in shares of United Insurance Holdings Corp. during the first quarter worth about $160,000. Citadel Advisors LLC purchased a new stake in shares of United Insurance Holdings Corp. during the first quarter worth about $177,000. Texas Permanent School Fund boosted its stake in shares of United Insurance Holdings Corp. by 2.0% in the second quarter. Texas Permanent School Fund now owns 13,108 shares of the insurance provider’s stock worth $206,000 after buying an additional 256 shares during the last quarter. Finally, State of Tennessee Treasury Department boosted its stake in shares of United Insurance Holdings Corp. by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 15,198 shares of the insurance provider’s stock worth $242,000 after buying an additional 2,294 shares during the last quarter. 27.80% of the stock is currently owned by institutional investors.

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.

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