Ameriprise Financial Inc. lifted its holdings in shares of United Insurance Holdings Corp. (NASDAQ:UIHC) by 1.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 93,465 shares of the insurance provider’s stock after purchasing an additional 1,115 shares during the quarter. Ameriprise Financial Inc. owned about 0.43% of United Insurance Holdings Corp. worth $1,470,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Icon Advisers Inc. Co. grew its holdings in shares of United Insurance Holdings Corp. by 30.4% during the 2nd quarter. Icon Advisers Inc. Co. now owns 93,600 shares of the insurance provider’s stock worth $1,472,000 after purchasing an additional 21,800 shares during the period. Teachers Advisors LLC grew its holdings in shares of United Insurance Holdings Corp. by 8.7% during the 2nd quarter. Teachers Advisors LLC now owns 32,918 shares of the insurance provider’s stock worth $518,000 after purchasing an additional 2,634 shares during the period. Symphony Asset Management LLC grew its holdings in shares of United Insurance Holdings Corp. by 4.4% during the 2nd quarter. Symphony Asset Management LLC now owns 25,016 shares of the insurance provider’s stock worth $393,000 after purchasing an additional 1,047 shares during the period. Alliancebernstein L.P. grew its holdings in shares of United Insurance Holdings Corp. by 77.8% during the 2nd quarter. Alliancebernstein L.P. now owns 22,400 shares of the insurance provider’s stock worth $352,000 after purchasing an additional 9,800 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of United Insurance Holdings Corp. by 17.1% during the 2nd quarter. Franklin Resources Inc. now owns 584,134 shares of the insurance provider’s stock worth $9,189,000 after purchasing an additional 85,300 shares during the period. Institutional investors and hedge funds own 29.11% of the company’s stock.

United Insurance Holdings Corp. (UIHC) opened at $15.59 on Friday. United Insurance Holdings Corp. has a twelve month low of $10.62 and a twelve month high of $17.81. The company has a market capitalization of $666.52, a PE ratio of 50.29, a P/E/G ratio of 1.37 and a beta of 1.54.

A number of equities analysts have recently weighed in on the company. ValuEngine cut United Insurance Holdings Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Zacks Investment Research cut United Insurance Holdings Corp. from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. BidaskClub upgraded United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Wells Fargo & Company restated a “buy” rating on shares of United Insurance Holdings Corp. in a report on Wednesday, August 9th. Finally, JMP Securities upgraded United Insurance Holdings Corp. from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. United Insurance Holdings Corp. presently has an average rating of “Buy” and an average price target of $18.00.

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

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