Trading Report: The 200 Shares of United Insurance Holdings Corp. (UIHC) are sold by California State Teachers Retirement System

The 200 Shares of United Insurance Holdings Corp. (UIHC) are sold by California State Teachers Retirement System

California State Teachers Retirement System lowered its stake in United Insurance Holdings Corp. (NASDAQ:UIHC) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 36,085 shares of the company’s stock after selling 200 shares during the period. California State Teachers Retirement System owned approximately 0.17% of United Insurance Holdings Corp. worth $591,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Wedge Capital Management L L P NC increased its stake in shares of United Insurance Holdings Corp. by 1,460.3% in the second quarter. Wedge Capital Management L L P NC now owns 450,933 shares of the company’s stock valued at $18,506,000 after buying an additional 422,033 shares during the period. Renaissance Technologies LLC bought a new stake in shares of United Insurance Holdings Corp. during the first quarter valued at about $1,508,000. Bank of Montreal Can bought a new stake in shares of United Insurance Holdings Corp. during the second quarter valued at about $657,000. American Century Companies Inc. bought a new stake in shares of United Insurance Holdings Corp. during the second quarter valued at about $609,000. Finally, Prudential Financial Inc. increased its stake in shares of United Insurance Holdings Corp. by 7.7% in the first quarter. Prudential Financial Inc. now owns 449,739 shares of the company’s stock valued at $8,639,000 after buying an additional 32,259 shares during the period. Institutional investors and hedge funds own 55.97% of the company’s stock.

United Insurance Holdings Corp. (NASDAQ:UIHC) traded up 6.59% on Friday, reaching $16.01. The company’s stock had a trading volume of 156,617 shares. United Insurance Holdings Corp. has a 12-month low of $13.46 and a 12-month high of $20.04. The stock has a market cap of $343.80 million, a PE ratio of 9.96 and a beta of 1.18. The company’s 50 day moving average price is $15.99 and its 200-day moving average price is $16.55.

United Insurance Holdings Corp. (NASDAQ:UIHC) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.50 by $0.05. United Insurance Holdings Corp. had a return on equity of 14.91% and a net margin of 8.29%. On average, equities analysts expect that United Insurance Holdings Corp. will post $1.57 EPS for the current year.

Separately, Zacks Investment Research upgraded United Insurance Holdings Corp. from a “sell” rating to a “strong-buy” rating and set a $19.00 price target for the company in a report on Thursday.

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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