United Insurance Holdings Corp (UIHC) Expected to Announce Earnings of $0.57 Per Share

Analysts expect United Insurance Holdings Corp (NASDAQ:UIHC) to post $0.57 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for United Insurance’s earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.52. United Insurance posted earnings of ($0.49) per share during the same quarter last year, which suggests a positive year over year growth rate of 216.3%. The business is scheduled to issue its next quarterly earnings results on Monday, February 19th.

On average, analysts expect that United Insurance will report full year earnings of $0.75 per share for the current year. For the next fiscal year, analysts expect that the business will post earnings of $1.90 per share, with EPS estimates ranging from $1.80 to $2.00. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover United Insurance.

UIHC has been the topic of a number of recent research reports. Wells Fargo & Co reaffirmed a “buy” rating and issued a $18.00 price objective on shares of United Insurance in a research note on Tuesday, November 7th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $20.00 price objective on shares of United Insurance in a research note on Friday, December 22nd. BidaskClub raised shares of United Insurance from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research raised shares of United Insurance from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 14th. Finally, ValuEngine lowered shares of United Insurance from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. United Insurance has an average rating of “Buy” and an average target price of $18.67.

In other news, Director Alec Poitevint II bought 1,500 shares of the stock in a transaction dated Friday, December 15th. The stock was bought at an average price of $16.71 per share, for a total transaction of $25,065.00. Following the completion of the acquisition, the director now directly owns 20,000 shares in the company, valued at approximately $334,200. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Hogan bought 2,500 shares of the stock in a transaction dated Tuesday, December 12th. The stock was purchased at an average price of $16.45 per share, with a total value of $41,125.00. Following the acquisition, the director now owns 57,438 shares of the company’s stock, valued at $944,855.10. The disclosure for this purchase can be found here. Corporate insiders own 22.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers increased its holdings in United Insurance by 1.3% during the second quarter. Rhumbline Advisers now owns 33,002 shares of the insurance provider’s stock worth $519,000 after buying an additional 425 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in United Insurance by 7.2% during the second quarter. Thrivent Financial For Lutherans now owns 10,750 shares of the insurance provider’s stock worth $169,000 after buying an additional 720 shares during the last quarter. Virginia Retirement Systems ET AL increased its holdings in United Insurance by 3.3% during the second quarter. Virginia Retirement Systems ET AL now owns 25,300 shares of the insurance provider’s stock worth $398,000 after buying an additional 800 shares during the last quarter. Symphony Asset Management LLC increased its holdings in United Insurance by 4.4% during the second quarter. Symphony Asset Management LLC now owns 25,016 shares of the insurance provider’s stock worth $393,000 after buying an additional 1,047 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in United Insurance by 1.2% during the second quarter. Ameriprise Financial Inc. now owns 93,465 shares of the insurance provider’s stock worth $1,470,000 after buying an additional 1,115 shares during the last quarter. Institutional investors and hedge funds own 31.54% of the company’s stock.

United Insurance (NASDAQ UIHC) opened at $17.25 on Friday. United Insurance has a 12 month low of $13.05 and a 12 month high of $17.81. The stock has a market cap of $731.94, a price-to-earnings ratio of -21.56, a P/E/G ratio of 1.14 and a beta of 1.53.

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About United Insurance

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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