United Insurance Holdings Corp (NASDAQ:UIHC) Director Alec Poitevint II acquired 1,500 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were bought at an average price of $16.71 per share, with a total value of $25,065.00. Following the completion of the purchase, the director now owns 20,000 shares in the company, valued at $334,200. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of United Insurance Holdings Corp (UIHC) traded up $0.54 during mid-day trading on Friday, reaching $16.85. The company’s stock had a trading volume of 615,097 shares, compared to its average volume of 83,089. United Insurance Holdings Corp has a one year low of $13.05 and a one year high of $17.81.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 22nd were given a dividend of $0.06 per share. The ex-dividend date was Tuesday, November 21st. This represents a $0.24 dividend on an annualized basis and a yield of 1.42%. United Insurance’s dividend payout ratio (DPR) is presently -30.00%.
Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in United Insurance by 9.6% during the 1st quarter. Vanguard Group Inc. now owns 941,974 shares of the insurance provider’s stock worth $15,025,000 after acquiring an additional 82,222 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of United Insurance in the second quarter valued at $330,000. Investment Management of Virginia LLC lifted its holdings in shares of United Insurance by 41.4% in the second quarter. Investment Management of Virginia LLC now owns 75,290 shares of the insurance provider’s stock valued at $1,184,000 after buying an additional 22,045 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of United Insurance by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 806,004 shares of the insurance provider’s stock valued at $12,679,000 after buying an additional 24,555 shares during the period. Finally, Texas Permanent School Fund lifted its holdings in shares of United Insurance by 2.0% in the second quarter. Texas Permanent School Fund now owns 13,108 shares of the insurance provider’s stock valued at $206,000 after buying an additional 256 shares during the period. Institutional investors own 31.58% of the company’s stock.
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About United Insurance
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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