Sherrill W. Hudson Acquires 10,000 Shares of United Insurance Holdings Corp (NASDAQ:UIHC) Stock

United Insurance Holdings Corp (NASDAQ:UIHC) Director Sherrill W. Hudson acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was bought at an average price of $12.69 per share, with a total value of $126,900.00. Following the completion of the acquisition, the director now directly owns 148,403 shares in the company, valued at approximately $1,883,234.07. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

NASDAQ:UIHC opened at $13.31 on Friday. The firm’s 50-day moving average price is $13.01 and its 200-day moving average price is $13.45. The company has a market capitalization of $530.45 million, a PE ratio of 35.03 and a beta of 1.15. United Insurance Holdings Corp has a 1-year low of $10.72 and a 1-year high of $19.71.

United Insurance (NASDAQ:UIHC) last released its earnings results on Wednesday, October 30th. The insurance provider reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.65) by $1.33. The firm had revenue of $204.97 million for the quarter, compared to the consensus estimate of $206.18 million. United Insurance had a negative net margin of 4.12% and a negative return on equity of 5.55%. As a group, analysts expect that United Insurance Holdings Corp will post -0.37 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 19th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Monday, November 18th. United Insurance’s dividend payout ratio is presently 63.16%.

Several research analysts have commented on UIHC shares. Zacks Investment Research upgraded shares of United Insurance from a “sell” rating to a “hold” rating in a report on Friday. Wells Fargo & Co restated a “hold” rating and issued a $13.00 price objective on shares of United Insurance in a report on Wednesday, October 16th. BidaskClub upgraded shares of United Insurance from a “sell” rating to a “hold” rating in a report on Thursday. ValuEngine upgraded shares of United Insurance from a “buy” rating to a “strong-buy” rating in a report on Friday, November 1st. Finally, Raymond James decreased their price objective on shares of United Insurance from $18.00 to $15.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $14.00.

Large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can grew its position in shares of United Insurance by 183.6% in the 2nd quarter. Bank of Montreal Can now owns 2,408 shares of the insurance provider’s stock worth $34,000 after buying an additional 1,559 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of United Insurance in the 2nd quarter worth about $45,000. Aperio Group LLC purchased a new stake in shares of United Insurance in the 2nd quarter worth about $59,000. Integre Asset Management LLC purchased a new stake in shares of United Insurance in the 2nd quarter worth about $155,000. Finally, Citadel Advisors LLC grew its position in shares of United Insurance by 111.0% in the 2nd quarter. Citadel Advisors LLC now owns 11,789 shares of the insurance provider’s stock worth $168,000 after buying an additional 118,615 shares during the period. 36.52% of the stock is currently owned by hedge funds and other institutional investors.

United Insurance Company Profile

United Insurance Holdings Corp. operates as a property and casualty insurance holding company that sources, writes, and services residential personal and commercial property, and casualty insurance policies in the United States. The company offers structure, content, and liability coverage for standard single-family homeowners, renters, and condominium unit owners, as well as dwelling fire policies.

Featured Story: Does the Step Transaction Doctrine Affect a Backdoor Roth IRA?

Insider Buying and Selling by Quarter for United Insurance (NASDAQ:UIHC)

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