United Insurance Holdings Corp. (UIHC) Stake Lifted by Swiss National Bank

Swiss National Bank lifted its position in United Insurance Holdings Corp. (NASDAQ:UIHC) by 37.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 42,900 shares of the insurance provider’s stock after purchasing an additional 11,700 shares during the period. Swiss National Bank owned about 100,350.88% of United Insurance worth $699,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of UIHC. Capital Returns Management LLC grew its holdings in shares of United Insurance by 140.9% in the second quarter. Capital Returns Management LLC now owns 604,653 shares of the insurance provider’s stock worth $9,511,000 after purchasing an additional 353,700 shares during the last quarter. Marshall Wace North America L.P. bought a new position in shares of United Insurance in the second quarter worth approximately $4,157,000. Mutual of America Capital Management LLC grew its holdings in shares of United Insurance by 133.7% in the second quarter. Mutual of America Capital Management LLC now owns 236,368 shares of the insurance provider’s stock worth $3,718,000 after purchasing an additional 135,233 shares during the last quarter. LSV Asset Management grew its holdings in shares of United Insurance by 85.1% in the second quarter. LSV Asset Management now owns 229,900 shares of the insurance provider’s stock worth $3,616,000 after purchasing an additional 105,700 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of United Insurance by 17.1% in the second quarter. Franklin Resources Inc. now owns 584,134 shares of the insurance provider’s stock worth $9,189,000 after purchasing an additional 85,300 shares during the last quarter. Hedge funds and other institutional investors own 28.31% of the company’s stock.

Several research analysts have recently issued reports on UIHC shares. Wells Fargo & Company restated a “buy” rating and issued a $18.00 target price on shares of United Insurance in a report on Tuesday, November 7th. Zacks Investment Research upgraded shares of United Insurance from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. BidaskClub upgraded shares of United Insurance from a “sell” rating to a “hold” rating in a report on Friday, August 11th. JMP Securities upgraded shares of United Insurance from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 9th. Finally, ValuEngine cut shares of United Insurance from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. United Insurance presently has an average rating of “Buy” and a consensus target price of $18.00.

Shares of United Insurance Holdings Corp. (NASDAQ UIHC) opened at $15.91 on Monday. United Insurance Holdings Corp. has a fifty-two week low of $12.92 and a fifty-two week high of $17.81.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 22nd will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.51%. The ex-dividend date is Tuesday, November 21st. United Insurance’s dividend payout ratio (DPR) is currently -30.00%.

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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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