KBC Group NV Reduces Holdings in United Insurance Holdings Corp (UIHC)

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KBC Group NV decreased its position in shares of United Insurance Holdings Corp (NASDAQ:UIHC) by 78.4% during the 4th quarter, Holdings Channel reports. The firm owned 1,706 shares of the insurance provider’s stock after selling 6,191 shares during the quarter. KBC Group NV’s holdings in United Insurance were worth $28,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of UIHC. Virtu Financial LLC purchased a new position in shares of United Insurance during the third quarter worth about $263,000. MetLife Investment Advisors LLC grew its holdings in shares of United Insurance by 62.9% during the third quarter. MetLife Investment Advisors LLC now owns 14,099 shares of the insurance provider’s stock worth $316,000 after purchasing an additional 5,445 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of United Insurance by 24.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 21,527 shares of the insurance provider’s stock worth $358,000 after purchasing an additional 4,241 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of United Insurance by 6.6% during the fourth quarter. Arizona State Retirement System now owns 33,098 shares of the insurance provider’s stock worth $550,000 after purchasing an additional 2,038 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of United Insurance by 14.1% during the third quarter. Legal & General Group Plc now owns 45,402 shares of the insurance provider’s stock worth $1,005,000 after purchasing an additional 5,625 shares during the last quarter. 34.25% of the stock is currently owned by institutional investors.

NASDAQ UIHC opened at $16.51 on Thursday. United Insurance Holdings Corp has a 52-week low of $15.72 and a 52-week high of $22.43. The stock has a market cap of $710.10 million, a P/E ratio of 17.75, a P/E/G ratio of 0.45 and a beta of 1.39.

United Insurance (NASDAQ:UIHC) last released its quarterly earnings results on Tuesday, February 19th. The insurance provider reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. United Insurance had a return on equity of 9.33% and a net margin of 5.23%. The firm had revenue of $193.11 million for the quarter, compared to analyst estimates of $185.94 million. As a group, analysts expect that United Insurance Holdings Corp will post 0.38 EPS for the current year.

In related news, Director Daniel Peed sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $16.23, for a total transaction of $129,840.00. Following the transaction, the director now owns 2,006,836 shares of the company’s stock, valued at $32,570,948.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 61,900 shares of company stock worth $998,419. Corporate insiders own 52.40% of the company’s stock.

Several brokerages have issued reports on UIHC. BidaskClub lowered United Insurance from a “buy” rating to a “hold” rating in a report on Friday, January 11th. Keefe, Bruyette & Woods lowered United Insurance from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $23.00 to $18.00 in a report on Monday, November 5th. ValuEngine lowered United Insurance from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of United Insurance in a report on Tuesday, January 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $21.00.

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United Insurance Company Profile

United Insurance Holdings Corp. operates as a property and casualty insurance holding company that sources, writes, and services residential 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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