Simplex Trading LLC Has $274,000 Holdings in United Insurance Holdings Corp (NASDAQ:UIHC)

Simplex Trading LLC lifted its holdings in United Insurance Holdings Corp (NASDAQ:UIHC) by 1,260.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,927 shares of the insurance provider’s stock after purchasing an additional 14,756 shares during the period. Simplex Trading LLC’s holdings in United Insurance were worth $274,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of UIHC. Lido Advisors LLC acquired a new position in United Insurance during the 3rd quarter valued at approximately $2,877,000. California State Teachers Retirement System increased its stake in United Insurance by 10.6% during the 3rd quarter. California State Teachers Retirement System now owns 33,385 shares of the insurance provider’s stock valued at $544,000 after purchasing an additional 3,200 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in United Insurance by 14.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 925,428 shares of the insurance provider’s stock valued at $15,084,000 after purchasing an additional 119,424 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in United Insurance by 225.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 79,456 shares of the insurance provider’s stock valued at $1,296,000 after purchasing an additional 55,056 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in United Insurance by 13.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 105,747 shares of the insurance provider’s stock valued at $1,723,000 after purchasing an additional 12,282 shares in the last quarter. 31.54% of the stock is owned by institutional investors.

United Insurance Holdings Corp (NASDAQ UIHC) traded up $0.54 during mid-day trading on Wednesday, reaching $19.98. 693,024 shares of the company traded hands, compared to its average volume of 264,473. The firm has a market capitalization of $803.34, a price-to-earnings ratio of -24.97, a PEG ratio of 0.45 and a beta of 1.54. United Insurance Holdings Corp has a 52 week low of $13.05 and a 52 week high of $20.31.

United Insurance (NASDAQ:UIHC) last released its quarterly earnings results on Monday, November 6th. The insurance provider reported ($0.50) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.79) by $0.29. United Insurance had a negative net margin of 4.54% and a negative return on equity of 2.29%. analysts predict that United Insurance Holdings Corp will post 0.75 EPS for the current fiscal year.

A number of brokerages have issued reports on UIHC. Zacks Investment Research lowered shares of United Insurance from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. ValuEngine lowered shares of United Insurance from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. BidaskClub upgraded shares of United Insurance from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Wells Fargo & Co reiterated a “buy” rating and issued a $18.00 price objective on shares of United Insurance in a research note on Tuesday, November 7th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $20.00 price objective on shares of United Insurance in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $19.00.

In related news, Director Alec Poitevint II acquired 1,500 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were acquired at an average cost of $16.71 per share, with a total value of $25,065.00. Following the completion of the acquisition, the director now directly owns 20,000 shares in the company, valued at approximately $334,200. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael Hogan acquired 2,500 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were bought at an average cost of $16.45 per share, for a total transaction of $41,125.00. Following the completion of the acquisition, the director now owns 57,438 shares of the company’s stock, valued at $944,855.10. The disclosure for this purchase can be found here. 22.60% of the stock is currently owned by company insiders.

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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.

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

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