News headlines about United Insurance Holdings Corp (NASDAQ:UIHC) have been trending positive on Sunday, AlphaOne reports. AlphaOne, a division of Accern, scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. United Insurance Holdings Corp earned a coverage optimism score of 0.27 on AlphaOne’s scale. AlphaOne also gave headlines about the insurance provider an impact score of 93 out of 100, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted AlphaOne’s analysis:
- Director of United Insurance Holdings Corp (NASDAQ:UIHC), Poitevint Alec Ii, buys 3,519 shares worth $52,897 (empowerednews.net)
- UNITED INSURANCE HOLDINGS CORP : ex-dividend day (4-traders.com)
- United Insurance Holdings Corp (UIHC) Director Purchases $52,890.57 in Stock (americanbankingnews.com)
- United Insurance Holdings goes ex-dividend tomorrow (seekingalpha.com)
- Alec Poitevint II Acquires 4,205 Shares of United Insurance Holdings Corp (UIHC) Stock (americanbankingnews.com)
United Insurance Holdings Corp (NASDAQ:UIHC) opened at 16.03 on Friday. The firm’s 50-day moving average is $15.25 and its 200 day moving average is $14.99. The firm has a market cap of $344.73 million, a PE ratio of 53.26 and a beta of 1.51. United Insurance Holdings Corp has a 12-month low of $9.52 and a 12-month high of $18.27.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 30th. Investors of record on Tuesday, May 23rd will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, May 19th. This represents a $0.24 annualized dividend and a dividend yield of 1.50%. United Insurance Holdings Corp’s payout ratio is 17.27%.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of United Insurance Holdings Corp from a “sell” rating to a “hold” rating in a research note on Saturday, February 11th. Raymond James Financial, Inc. raised shares of United Insurance Holdings Corp from an “outperform” rating to a “strong-buy” rating and set a $18.00 target price on the stock in a research note on Thursday, February 9th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of United Insurance Holdings Corp in a research note on Thursday, April 6th.
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In other news, Director Sherrill W. Hudson purchased 24,647 shares of the stock in a transaction that occurred on Thursday, February 23rd. The stock was acquired at an average price of $16.11 per share, with a total value of $397,063.17. Following the purchase, the director now owns 90,300 shares in the company, valued at approximately $1,454,733. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alec Poitevint II purchased 18,300 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was purchased at an average cost of $16.25 per share, with a total value of $297,375.00. Following the purchase, the director now owns 15,000 shares in the company, valued at approximately $243,750. The disclosure for this purchase can be found here. In the last three months, insiders purchased 123,151 shares of company stock valued at $1,962,372. 21.40% of the stock is currently owned by company insiders.
United Insurance Holdings Corp 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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