United Insurance (NASDAQ:UIHC) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of United Insurance (NASDAQ:UIHC) in a research note published on Monday morning. The brokerage issued a hold rating on the insurance provider’s stock.

United Insurance Trading Up 1.3 %

Shares of NASDAQ:UIHC opened at $7.93 on Monday. The stock’s 50-day moving average price is $5.39 and its 200-day moving average price is $4.07. United Insurance has a 12-month low of $0.29 and a 12-month high of $8.75. The stock has a market capitalization of $343.29 million, a P/E ratio of -3.81 and a beta of -0.08.

Institutional Trading of United Insurance

Several large investors have recently modified their holdings of UIHC. BlackRock Inc. grew its stake in shares of United Insurance by 191.4% in the second quarter. BlackRock Inc. now owns 1,250,798 shares of the insurance provider’s stock worth $5,579,000 after purchasing an additional 821,539 shares during the last quarter. Tieton Capital Management LLC lifted its holdings in shares of United Insurance by 31.1% during the first quarter. Tieton Capital Management LLC now owns 2,326,445 shares of the insurance provider’s stock valued at $6,561,000 after purchasing an additional 551,797 shares during the last quarter. DG Capital Management LLC purchased a new position in shares of United Insurance during the second quarter valued at approximately $1,532,000. State Street Corp lifted its holdings in shares of United Insurance by 410.5% during the second quarter. State Street Corp now owns 341,646 shares of the insurance provider’s stock valued at $1,524,000 after purchasing an additional 274,723 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of United Insurance by 374.9% during the second quarter. Millennium Management LLC now owns 295,920 shares of the insurance provider’s stock valued at $462,000 after acquiring an additional 233,612 shares in the last quarter. 12.40% of the stock is owned by institutional investors.

About United Insurance

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