United Insurance Holdings Corp. (NASDAQ:UIHC) posted its earnings results on Tuesday, August 8th. The insurance provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by $0.13, Bloomberg Earnings reports. The company had revenue of $178.21 million for the quarter, compared to analyst estimates of $175.46 million. United Insurance Holdings Corp. had a return on equity of 4.99% and a net margin of 0.73%.
United Insurance Holdings Corp. (UIHC) traded up 0.43% during trading on Friday, reaching $16.18. 75,595 shares of the company’s stock traded hands. The company’s 50 day moving average is $15.97 and its 200-day moving average is $15.74. United Insurance Holdings Corp. has a 52-week low of $9.52 and a 52-week high of $17.81. The stock has a market cap of $688.25 million, a price-to-earnings ratio of 107.15 and a beta of 1.61.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Monday, August 21st will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.48%. The ex-dividend date is Thursday, August 17th. United Insurance Holdings Corp.’s dividend payout ratio is currently 1,200.00%.
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A number of research firms have recently issued reports on UIHC. JMP Securities upgraded shares of United Insurance Holdings Corp. from an “underperform” rating to a “market perform” rating in a research note on Wednesday, August 9th. Wells Fargo & Company reiterated a “buy” rating on shares of United Insurance Holdings Corp. in a research note on Wednesday, August 9th. Zacks Investment Research cut shares of United Insurance Holdings Corp. from a “hold” rating to a “strong sell” rating in a research note on Friday, July 14th. ValuEngine upgraded shares of United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Finally, BidaskClub upgraded shares of United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $16.17.
About United Insurance Holdings Corp.
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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