As United Ins Hldgs (UIHC) Market Valuation Rose, Capital Returns Management Has Cut Holding; As Fedex (FDX) Valuation Declined, Holder Asset Advisors Lifted Stake

February 19, 2018 - By Nellie Frank

Asset Advisors Corp increased its stake in Fedex Corp (FDX) by 10.25% based on its latest 2017Q3 regulatory filing with the SEC. Asset Advisors Corp bought 3,385 shares as the company’s stock declined 2.24% while stock markets rallied. The institutional investor held 36,410 shares of the air freight and delivery services company at the end of 2017Q3, valued at $8.21M, up from 33,025 at the end of the previous reported quarter. Asset Advisors Corp who had been investing in Fedex Corp for a number of months, seems to be bullish on the $65.42 billion market cap company. The stock decreased 0.34% or $0.84 during the last trading session, reaching $244.19. About 1.48M shares traded. FedEx Corporation (NYSE:FDX) has risen 19.02% since February 19, 2017 and is uptrending. It has outperformed by 2.32% the S&P500.

Ron Bobman decreased its stake in United Ins Hldgs Corp (UIHC) by 48.32% based on its latest 2017Q3 regulatory filing with the SEC. Capital Returns Management Llc sold 292,194 shares as the company’s stock rose 0.50% with the market. The hedge fund run by Ron Bobman held 312,459 shares of the property-casualty insurers company at the end of 2017Q3, valued at $5.09M, down from 604,653 at the end of the previous reported quarter. Capital Returns Management Llc who had been investing in United Ins Hldgs Corp for a number of months, seems to be less bullish one the $803.34 million market cap company. The stock increased 0.43% or $0.08 during the last trading session, reaching $18.79. About 48,103 shares traded. United Insurance Holdings Corp. (NASDAQ:UIHC) has declined 9.79% since February 19, 2017 and is downtrending. It has underperformed by 26.49% the S&P500.

Capital Returns Management Llc, which manages about $343.50M US Long portfolio, upped its stake in Progressive Corp Ohio (NYSE:PGR) by 35,501 shares to 279,301 shares, valued at $13.52M in 2017Q3, according to the filing. It also increased its holding in Athene Hldg Ltd by 8,096 shares in the quarter, for a total of 472,654 shares, and has risen its stake in Old Rep Intl Corp (NYSE:ORI).

Investors sentiment increased to 1.25 in 2017 Q3. Its up 0.23, from 1.02 in 2017Q2. It improved, as 10 investors sold UIHC shares while 30 reduced holdings. 14 funds opened positions while 36 raised stakes. 13.17 million shares or 7.79% more from 12.22 million shares in 2017Q2 were reported. The New York-based Howe And Rusling has invested 0% in United Insurance Holdings Corp. (NASDAQ:UIHC). Stadium Cap Ltd Limited Liability Company, Connecticut-based fund reported 867,360 shares. Ancora Limited has 0.06% invested in United Insurance Holdings Corp. (NASDAQ:UIHC). Metropolitan Life Ins reported 13,019 shares stake. Manufacturers Life Insurance The reported 17,183 shares. Savings Bank Of Mellon has invested 0% in United Insurance Holdings Corp. (NASDAQ:UIHC). Oppenheimer Asset Management holds 0% or 114 shares. Geode Capital Mngmt invested in 0% or 207,376 shares. Barclays Public Lc holds 0% or 650 shares in its portfolio. 238,570 are owned by Northern Trust. Massachusetts-based State Street has invested 0% in United Insurance Holdings Corp. (NASDAQ:UIHC). Clear Harbor Asset Management Ltd Liability Corp holds 0.05% or 16,474 shares. 312,459 were reported by Returns Lc. Vanguard Gru accumulated 0% or 1.18M shares. Texas Permanent School Fund has 14,977 shares.

Among 5 analysts covering United Insurance Holdings Corporation (NASDAQ:UIHC), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. United Insurance Holdings Corporation had 11 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by JMP Securities on Wednesday, August 9. The stock of United Insurance Holdings Corp. (NASDAQ:UIHC) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, August 17. As per Thursday, February 9, the company rating was upgraded by Raymond James. The rating was downgraded by JMP Securities on Wednesday, November 2 to “Mkt Underperform”. The firm earned “Buy” rating on Wednesday, August 9 by Wells Fargo. The stock of United Insurance Holdings Corp. (NASDAQ:UIHC) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, December 21. Keefe Bruyette & Woods maintained United Insurance Holdings Corp. (NASDAQ:UIHC) rating on Monday, January 15. Keefe Bruyette & Woods has “Buy” rating and $21.0 target. The company was downgraded on Tuesday, January 19 by JMP Securities. Keefe Bruyette & Woods maintained United Insurance Holdings Corp. (NASDAQ:UIHC) rating on Wednesday, September 20. Keefe Bruyette & Woods has “Buy” rating and $19.0 target.

Since December 15, 2017, it had 2 insider buys, and 0 sales for $41,661 activity. Another trade for 1,500 shares valued at $25,065 was bought by POITEVINT ALEC II.

Since September 21, 2017, it had 1 insider buy, and 6 selling transactions for $22.29 million activity. 10,000 shares were sold by Colleran Donald F, worth $2.20 million. Another trade for 3,016 shares valued at $802,405 was sold by STEINER DAVID P. BRONCZEK DAVID J had sold 46,555 shares worth $11.89M on Tuesday, January 2. 11,150 FedEx Corporation (NYSE:FDX) shares with value of $2.55 million were sold by Maier Henry J. DUCKER MICHAEL L had sold 14,964 shares worth $3.38 million. Subramaniam Rajesh had sold 6,750 shares worth $1.48 million on Thursday, September 21.

Asset Advisors Corp, which manages about $657.91 million and $561.52 million US Long portfolio, decreased its stake in Walt Disney (NYSE:DIS) by 51,000 shares to 51,393 shares, valued at $5.07M in 2017Q3, according to the filing. It also reduced its holding in Coca (NYSE:KO) by 11,840 shares in the quarter, leaving it with 332,192 shares, and cut its stake in Merck & Co (NYSE:MRK).

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