Lido Advisors LLC Acquires New Stake in United Insurance Holdings Corp. (UIHC)

Lido Advisors LLC acquired a new position in United Insurance Holdings Corp. (NASDAQ:UIHC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 182,800 shares of the insurance provider’s stock, valued at approximately $2,877,000. Lido Advisors LLC owned approximately 0.43% of United Insurance as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in UIHC. California Public Employees Retirement System boosted its stake in shares of United Insurance by 6.6% in the first quarter. California Public Employees Retirement System now owns 35,500 shares of the insurance provider’s stock valued at $566,000 after purchasing an additional 2,200 shares during the period. Vanguard Group Inc. boosted its stake in shares of United Insurance by 9.6% in the first quarter. Vanguard Group Inc. now owns 941,974 shares of the insurance provider’s stock valued at $15,025,000 after purchasing an additional 82,222 shares during the period. Geode Capital Management LLC boosted its stake in shares of United Insurance by 2.6% in the first quarter. Geode Capital Management LLC now owns 329,151 shares of the insurance provider’s stock valued at $5,249,000 after purchasing an additional 8,473 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of United Insurance by 9.0% in the first quarter. Dimensional Fund Advisors LP now owns 781,449 shares of the insurance provider’s stock valued at $12,464,000 after purchasing an additional 64,495 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of United Insurance by 56.4% in the first quarter. Bank of America Corp DE now owns 34,715 shares of the insurance provider’s stock valued at $554,000 after purchasing an additional 12,517 shares during the period. 31.58% of the stock is owned by institutional investors.

United Insurance Holdings Corp. (NASDAQ UIHC) opened at $16.56 on Tuesday. United Insurance Holdings Corp. has a 52 week low of $13.05 and a 52 week high of $17.81.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 22nd were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.24 dividend on an annualized basis and a yield of 1.45%. United Insurance’s dividend payout ratio (DPR) is -30.00%.

Several brokerages have recently weighed in on UIHC. JMP Securities upgraded shares of United Insurance from an “underperform” rating to a “market perform” rating in a research note on Wednesday, August 9th. Wells Fargo & Company reiterated a “buy” rating on shares of United Insurance in a research note on Wednesday, August 9th. ValuEngine downgraded shares of United Insurance from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Zacks Investment Research downgraded shares of United Insurance from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Finally, BidaskClub upgraded shares of United Insurance from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. 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 issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $18.00.

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

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