UBS Group AG decreased its holdings in shares of United Insurance Holdings Corp (NASDAQ:UIHC) by 34.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,663 shares of the insurance provider’s stock after selling 5,021 shares during the quarter. UBS Group AG’s holdings in United Insurance were worth $75,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of United Insurance by 596.3% during the first quarter. Royal Bank of Canada now owns 7,952 shares of the insurance provider’s stock valued at $73,000 after buying an additional 6,810 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in United Insurance in the first quarter valued at about $96,000. SG Americas Securities LLC purchased a new position in United Insurance in the second quarter valued at about $87,000. Trexquant Investment LP purchased a new position in United Insurance in the first quarter valued at about $110,000. Finally, Wedge Capital Management L L P NC bought a new stake in shares of United Insurance during the 2nd quarter worth about $131,000. Institutional investors and hedge funds own 33.56% of the company’s stock.

NASDAQ UIHC opened at $7.74 on Thursday. United Insurance Holdings Corp has a twelve month low of $6.99 and a twelve month high of $14.23. The stock has a market capitalization of $333.35 million, a PE ratio of -13.12 and a beta of 0.69. The stock has a 50-day simple moving average of $7.97 and a 200 day simple moving average of $8.16.

United Insurance (NASDAQ:UIHC) last posted its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.25. United Insurance had a negative return on equity of 5.01% and a negative net margin of 3.07%. The business had revenue of $195.79 million during the quarter, compared to analysts’ expectations of $203.35 million. As a group, sell-side analysts predict that United Insurance Holdings Corp will post 0.4 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Tuesday, August 11th were issued a $0.06 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.24 annualized dividend and a yield of 3.10%. United Insurance’s dividend payout ratio (DPR) is -22.22%.

Several research firms have recently issued reports on UIHC. Zacks Investment Research downgraded United Insurance from a “buy” rating to a “hold” rating in a research note on Wednesday, June 10th. BidaskClub upgraded United Insurance from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 9th. Finally, Raymond James reiterated a “buy” rating and set a $10.50 price target on shares of United Insurance in a research note on Friday, September 11th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.42.

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.

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

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