Great West Life Assurance Co. Can Has $443,000 Stake in United Insurance Holdings Corp (UIHC)

Great West Life Assurance Co. Can increased its holdings in United Insurance Holdings Corp (NASDAQ:UIHC) by 13.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,826 shares of the insurance provider’s stock after buying an additional 3,429 shares during the period. Great West Life Assurance Co. Can owned about 0.07% of United Insurance worth $443,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund acquired a new position in shares of United Insurance during the 4th quarter worth about $136,000. Virtu Financial LLC acquired a new stake in United Insurance in the 3rd quarter valued at about $263,000. MetLife Investment Advisors LLC raised its holdings in United Insurance by 62.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 14,099 shares of the insurance provider’s stock valued at $316,000 after acquiring an additional 5,445 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in United Insurance by 8.4% in the 4th quarter. Wedge Capital Management L L P NC now owns 14,134 shares of the insurance provider’s stock valued at $235,000 after acquiring an additional 1,090 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in United Insurance by 24.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 21,527 shares of the insurance provider’s stock valued at $358,000 after acquiring an additional 4,241 shares during the last quarter. 35.82% of the stock is owned by institutional investors.

Shares of UIHC opened at $15.50 on Friday. United Insurance Holdings Corp has a twelve month low of $15.16 and a twelve month high of $22.43. The firm has a market capitalization of $681.57 million, a PE ratio of 40.79, a PEG ratio of 0.56 and a beta of 1.41.

United Insurance (NASDAQ:UIHC) last announced its quarterly earnings results on Tuesday, February 19th. The insurance provider reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $185.94 million. Sell-side analysts anticipate that United Insurance Holdings Corp will post 1.41 earnings per share for the current fiscal year.

Several research firms have recently weighed in on UIHC. BidaskClub cut shares of United Insurance from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. ValuEngine cut shares of United Insurance from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Wells Fargo & Co reaffirmed a “buy” rating on shares of United Insurance in a research report on Tuesday, January 8th. Finally, Zacks Investment Research cut shares of United Insurance from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.00.

In other news, Director Daniel Peed sold 4,000 shares of United Insurance stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $16.05, for a total value of $64,200.00. Following the sale, the director now owns 2,046,836 shares of the company’s stock, valued at $32,851,717.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Hogan bought 2,500 shares of the stock in a transaction dated Friday, February 22nd. The stock was purchased at an average cost of $16.14 per share, for a total transaction of $40,350.00. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 23,080 shares of company stock worth $366,743 and have sold 76,000 shares worth $1,235,280. Company insiders own 52.40% of the company’s stock.

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United Insurance 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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