United Insurance (UIHC) Releases Earnings Results

United Insurance (NASDAQ:UIHC) issued its earnings results on Thursday. The insurance provider reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.40), Fidelity Earnings reports. United Insurance had a net margin of 3.08% and a return on equity of 8.35%.

UIHC stock opened at $18.88 on Friday. United Insurance has a 1 year low of $15.30 and a 1 year high of $22.43. The firm has a market capitalization of $844.45 million, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 0.78 and a beta of 1.72.

A number of brokerages have issued reports on UIHC. BidaskClub raised shares of United Insurance from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 27th. Wells Fargo & Co set a $22.00 target price on shares of United Insurance and gave the company a “buy” rating in a research note on Friday. Finally, Zacks Investment Research lowered shares of United Insurance from a “hold” rating to a “sell” rating in a research note on Friday, October 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $22.00.

About United Insurance

United Insurance Holdings Corp. operates as a property and casualty insurance holding company that sources, writes, and services residential 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.

Further Reading: Understanding each part of a balance sheet

Earnings History for United Insurance (NASDAQ:UIHC)

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