News headlines about United Insurance (NASDAQ:UIHC) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. United Insurance earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the insurance provider an impact score of 45.8069329625191 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several research analysts recently issued reports on the stock. ValuEngine lowered shares of United Insurance from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. BidaskClub raised shares of United Insurance from a “sell” rating to a “hold” rating in a research note on Friday, March 2nd. Zacks Investment Research raised shares of United Insurance from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research note on Friday, February 23rd. Wells Fargo & Co reissued a “buy” rating and set a $20.50 target price on shares of United Insurance in a research note on Wednesday, February 21st. Finally, Keefe, Bruyette & Woods set a $21.00 target price on shares of United Insurance and gave the stock a “buy” rating in a research note on Monday, January 15th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. United Insurance has a consensus rating of “Buy” and an average target price of $21.17.
United Insurance (UIHC) opened at $20.00 on Tuesday. The stock has a market cap of $854.21, a price-to-earnings ratio of 62.50, a P/E/G ratio of 0.47 and a beta of 1.59. United Insurance has a 12 month low of $13.60 and a 12 month high of $20.40.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, March 7th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Tuesday, March 6th. United Insurance’s dividend payout ratio (DPR) is 75.00%.
In other United Insurance news, Director Alec Poitevint II acquired 1,500 shares of the company’s stock in a transaction on Friday, December 15th. The shares were purchased at an average cost 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 of the company’s stock, valued at $334,200. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 22.60% of the stock is currently owned by company insiders.
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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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