Dimensional Fund Advisors LP lifted its holdings in United Insurance Holdings Corp. (NASDAQ:UIHC) by 3.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 806,004 shares of the insurance provider’s stock after purchasing an additional 24,555 shares during the quarter. Dimensional Fund Advisors LP owned about 3.75% of United Insurance Holdings Corp. worth $12,679,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. ETRADE Capital Management LLC lifted its position in United Insurance Holdings Corp. by 4.9% during the 2nd quarter. ETRADE Capital Management LLC now owns 60,216 shares of the insurance provider’s stock worth $947,000 after acquiring an additional 2,821 shares during the period. Vanguard Group Inc. lifted its position in United Insurance Holdings Corp. by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 977,451 shares of the insurance provider’s stock worth $15,376,000 after acquiring an additional 35,477 shares during the period. Northern Trust Corp lifted its position in United Insurance Holdings Corp. by 1.1% during the 2nd quarter. Northern Trust Corp now owns 206,410 shares of the insurance provider’s stock worth $3,246,000 after acquiring an additional 2,176 shares during the period. Citigroup Inc. lifted its position in United Insurance Holdings Corp. by 14.4% during the 2nd quarter. Citigroup Inc. now owns 25,717 shares of the insurance provider’s stock worth $405,000 after acquiring an additional 3,246 shares during the period. Finally, Mutual of America Capital Management LLC lifted its position in United Insurance Holdings Corp. by 133.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 236,368 shares of the insurance provider’s stock worth $3,718,000 after acquiring an additional 135,233 shares during the period. 28.98% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on UIHC. JMP Securities raised United Insurance Holdings Corp. from an “underperform” rating to a “market perform” rating in a research report on Wednesday, August 9th. Wells Fargo & Company reaffirmed a “buy” rating on shares of United Insurance Holdings Corp. in a research report on Wednesday, August 9th. ValuEngine cut United Insurance Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Zacks Investment Research cut United Insurance Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Finally, BidaskClub cut United Insurance Holdings Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $18.00.

United Insurance Holdings Corp. (UIHC) opened at $15.60 on Wednesday. United Insurance Holdings Corp. has a fifty-two week low of $12.92 and a fifty-two week high of $17.81.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 22nd will be paid a $0.06 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $0.24 annualized dividend and a dividend yield of 1.54%. United Insurance Holdings Corp.’s dividend payout ratio is presently -30.00%.

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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.

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

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