United Insurance Holdings Corp (UIHC) Director Sells $131,040.00 in Stock

United Insurance Holdings Corp (NASDAQ:UIHC) Director Daniel Peed sold 8,000 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $16.38, for a total value of $131,040.00. Following the completion of the sale, the director now owns 1,994,836 shares in the company, valued at approximately $32,675,413.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Daniel Peed also recently made the following trade(s):

  • On Thursday, February 14th, Daniel Peed sold 8,000 shares of United Insurance stock. The shares were sold at an average price of $16.23, for a total value of $129,840.00.
  • On Tuesday, February 12th, Daniel Peed sold 8,000 shares of United Insurance stock. The shares were sold at an average price of $16.08, for a total value of $128,640.00.
  • On Wednesday, February 6th, Daniel Peed sold 4,000 shares of United Insurance stock. The shares were sold at an average price of $16.16, for a total value of $64,640.00.
  • On Friday, February 8th, Daniel Peed sold 12,000 shares of United Insurance stock. The shares were sold at an average price of $16.12, for a total value of $193,440.00.
  • On Monday, February 4th, Daniel Peed sold 4,000 shares of United Insurance stock. The stock was sold at an average price of $16.34, for a total value of $65,360.00.
  • On Friday, February 1st, Daniel Peed sold 4,000 shares of United Insurance stock. The stock was sold at an average price of $16.39, for a total value of $65,560.00.
  • On Wednesday, January 30th, Daniel Peed sold 4,000 shares of United Insurance stock. The stock was sold at an average price of $16.05, for a total value of $64,200.00.
  • On Monday, January 28th, Daniel Peed sold 4,000 shares of United Insurance stock. The shares were sold at an average price of $16.06, for a total value of $64,240.00.
  • On Friday, January 25th, Daniel Peed sold 4,000 shares of United Insurance stock. The shares were sold at an average price of $16.00, for a total value of $64,000.00.
  • On Wednesday, January 23rd, Daniel Peed sold 4,000 shares of United Insurance stock. The stock was sold at an average price of $16.00, for a total value of $64,000.00.

Shares of UIHC stock traded down $0.42 during mid-day trading on Thursday, reaching $16.09. 84,495 shares of the company’s stock traded hands, compared to its average volume of 78,852. United Insurance Holdings Corp has a 12 month low of $15.72 and a 12 month high of $22.43. The company has a market cap of $716.55 million, a price-to-earnings ratio of 42.34, a PEG ratio of 0.45 and a beta of 1.39.

United Insurance (NASDAQ:UIHC) last issued its quarterly earnings data on Tuesday, February 19th. The insurance provider reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. United Insurance had a net margin of 0.04% and a return on equity of 3.04%. The firm had revenue of $193.11 million during the quarter, compared to the consensus estimate of $185.94 million. As a group, sell-side analysts expect that United Insurance Holdings Corp will post 1.85 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 13th. Investors of record on Wednesday, March 6th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Tuesday, March 5th. United Insurance’s dividend payout ratio is currently 63.16%.

A number of equities research analysts recently issued reports on UIHC shares. BidaskClub upgraded United Insurance from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 27th. Wells Fargo & Co reaffirmed a “buy” rating and set a $22.00 price objective on shares of United Insurance in a research note on Friday, November 2nd. Keefe, Bruyette & Woods cut United Insurance from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $23.00 to $18.00 in a research note on Monday, November 5th. Finally, ValuEngine cut United Insurance from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. United Insurance has a consensus rating of “Hold” and a consensus price target of $21.00.

A number of institutional investors have recently modified their holdings of UIHC. Northern Trust Corp boosted its holdings in United Insurance by 6.3% in the 2nd quarter. Northern Trust Corp now owns 261,572 shares of the insurance provider’s stock worth $5,122,000 after buying an additional 15,513 shares during the period. Assenagon Asset Management S.A. bought a new position in United Insurance in the 3rd quarter worth $387,000. Bank of New York Mellon Corp boosted its holdings in United Insurance by 3.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 252,654 shares of the insurance provider’s stock worth $5,655,000 after buying an additional 7,618 shares during the period. BlackRock Inc. boosted its holdings in United Insurance by 7.4% in the 3rd quarter. BlackRock Inc. now owns 3,122,180 shares of the insurance provider’s stock worth $69,875,000 after buying an additional 215,915 shares during the period. Finally, Credit Suisse AG boosted its holdings in United Insurance by 462.1% in the 3rd quarter. Credit Suisse AG now owns 132,606 shares of the insurance provider’s stock worth $2,969,000 after buying an additional 109,013 shares during the period. 34.25% of the stock is owned by institutional investors.

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United Insurance Company Profile

United Insurance Holdings Corp. operates as a property and casualty insurance holding company that sources, writes, and services residential 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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Insider Buying and Selling by Quarter for United Insurance (NASDAQ:UIHC)

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