Dimensional Fund Advisors LP Acquires 127,709 Shares of United Insurance Holdings Corp (UIHC)

Dimensional Fund Advisors LP raised its stake in shares of United Insurance Holdings Corp (NASDAQ:UIHC) by 8.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,583,176 shares of the insurance provider’s stock after acquiring an additional 127,709 shares during the period. Dimensional Fund Advisors LP owned approximately 3.68% of United Insurance worth $26,312,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Great West Life Assurance Co. Can grew its stake in shares of United Insurance by 13.5% during the fourth quarter. Great West Life Assurance Co. Can now owns 28,826 shares of the insurance provider’s stock valued at $443,000 after acquiring an additional 3,429 shares in the last quarter. Raymond James & Associates grew its stake in shares of United Insurance by 7.6% during the fourth quarter. Raymond James & Associates now owns 287,330 shares of the insurance provider’s stock valued at $4,775,000 after acquiring an additional 20,306 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of United Insurance by 4.5% during the fourth quarter. Bank of New York Mellon Corp now owns 263,916 shares of the insurance provider’s stock valued at $4,386,000 after acquiring an additional 11,262 shares in the last quarter. BlackRock Inc. grew its stake in shares of United Insurance by 1.7% during the fourth quarter. BlackRock Inc. now owns 3,174,617 shares of the insurance provider’s stock valued at $52,762,000 after acquiring an additional 52,437 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new stake in shares of United Insurance during the fourth quarter valued at about $136,000. 36.06% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:UIHC traded up $0.14 during mid-day trading on Friday, reaching $15.39. The stock had a trading volume of 76,279 shares, compared to its average volume of 101,706. The company has a market capitalization of $661.37 million, a price-to-earnings ratio of 40.50, a price-to-earnings-growth ratio of 0.55 and a beta of 1.37. United Insurance Holdings Corp has a 1-year low of $15.07 and a 1-year high of $22.43.

United Insurance (NASDAQ:UIHC) last posted its quarterly earnings results on Tuesday, February 19th. The insurance provider reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. United Insurance had a return on equity of 3.04% and a net margin of 0.04%. The business had revenue of $193.11 million during the quarter, compared to the consensus estimate of $185.94 million. As a group, analysts expect that United Insurance Holdings Corp will post 1.41 earnings per share for the current fiscal year.

In other United Insurance news, Director Alec Poitevint II bought 20,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of $15.86 per share, with a total value of $317,200.00. Following the completion of the acquisition, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $396,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel Peed sold 8,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $16.37, for a total transaction of $130,960.00. Following the completion of the transaction, the director now directly owns 1,954,836 shares in the company, valued at approximately $32,000,665.32. The disclosure for this sale can be found here. In the last three months, insiders acquired 23,080 shares of company stock worth $366,743 and sold 64,000 shares worth $1,041,280. Company insiders own 52.50% of the company’s stock.

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

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About United Insurance

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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