Analysts Expect United Insurance Holdings Corp (UIHC) Will Post Earnings of $0.39 Per Share

Wall Street brokerages predict that United Insurance Holdings Corp (NASDAQ:UIHC) will announce earnings of $0.39 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for United Insurance’s earnings, with estimates ranging from $0.37 to $0.40. United Insurance reported earnings per share of $0.40 during the same quarter last year, which would suggest a negative year over year growth rate of 2.5%. The company is expected to announce its next earnings report on Tuesday, May 14th.

On average, analysts expect that United Insurance will report full year earnings of $1.55 per share for the current fiscal year, with EPS estimates ranging from $1.54 to $1.55. For the next financial year, analysts forecast that the firm will post earnings of $1.75 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow United Insurance.

United Insurance (NASDAQ:UIHC) last announced its earnings results on Tuesday, February 19th. The insurance provider reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01. The business had revenue of $193.11 million during the quarter, compared to the consensus estimate of $185.94 million. United Insurance had a net margin of 0.04% and a return on equity of 3.04%.

UIHC has been the topic of several recent analyst reports. BidaskClub cut shares of United Insurance from a “sell” rating to a “strong sell” rating in a report on Friday, March 22nd. Zacks Investment Research cut shares of United Insurance from a “hold” rating to a “sell” rating in a report on Friday, April 12th. Wells Fargo & Co reaffirmed a “buy” rating on shares of United Insurance in a report on Tuesday, January 8th. Finally, ValuEngine cut shares of United Insurance from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $21.00.

UIHC traded up $0.20 during trading on Friday, hitting $16.38. The company had a trading volume of 90,853 shares, compared to its average volume of 97,426. The stock has a market capitalization of $703.85 million, a PE ratio of 43.11, a P/E/G ratio of 0.52 and a beta of 1.41. United Insurance has a 1-year low of $15.16 and a 1-year high of $22.43.

In other United Insurance news, Director Daniel Peed sold 4,000 shares of the stock in a transaction on Wednesday, January 23rd. The shares were sold at an average price of $16.00, for a total transaction of $64,000.00. Following the sale, the director now directly owns 2,062,836 shares of the company’s stock, valued at $33,005,376. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Hogan bought 2,500 shares of the company’s stock in a transaction on Friday, February 22nd. The shares were acquired at an average cost of $16.14 per share, for a total transaction of $40,350.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 23,080 shares of company stock worth $366,743 and sold 84,000 shares worth $1,363,280. Corporate insiders own 52.40% of the company’s stock.

Several large investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in shares of United Insurance by 1.7% during the fourth quarter. BlackRock Inc. now owns 3,174,617 shares of the insurance provider’s stock worth $52,762,000 after purchasing an additional 52,437 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of United Insurance by 8.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,583,176 shares of the insurance provider’s stock worth $26,312,000 after purchasing an additional 127,709 shares during the period. Vanguard Group Inc raised its holdings in shares of United Insurance by 3.9% during the third quarter. Vanguard Group Inc now owns 1,335,388 shares of the insurance provider’s stock worth $29,886,000 after purchasing an additional 50,604 shares during the period. Vanguard Group Inc. raised its holdings in shares of United Insurance by 3.9% during the third quarter. Vanguard Group Inc. now owns 1,335,388 shares of the insurance provider’s stock worth $29,886,000 after purchasing an additional 50,604 shares during the period. Finally, Philadelphia Financial Management of San Francisco LLC raised its holdings in shares of United Insurance by 12.4% during the fourth quarter. Philadelphia Financial Management of San Francisco LLC now owns 741,794 shares of the insurance provider’s stock worth $12,329,000 after purchasing an additional 81,578 shares during the period. 35.80% of the stock is currently owned by institutional investors.

United Insurance Company Profile

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, as well as dwelling fire policies.

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