United Insurance (NASDAQ:UIHC) announced its quarterly earnings results on Tuesday, May 7th. The insurance provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.24), Fidelity Earnings reports. United Insurance had a net margin of 0.18% and a return on equity of 0.49%. The company had revenue of $191.97 million during the quarter, compared to analyst estimates of $196.90 million.
United Insurance stock opened at $13.75 on Friday. United Insurance has a 1 year low of $13.48 and a 1 year high of $22.43. The company has a market capitalization of $593.81 million, a price-to-earnings ratio of 36.18, a price-to-earnings-growth ratio of 0.65 and a beta of 1.37.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a $0.24 annualized dividend and a yield of 1.75%. United Insurance’s dividend payout ratio (DPR) is 63.16%.
In other United Insurance news, Director Alec Poitevint II acquired 20,000 shares of United Insurance stock in a transaction that occurred on Wednesday, March 6th. The stock was acquired at an average price of $15.86 per share, with a total value of $317,200.00. Following the purchase, the director now owns 25,000 shares in the company, valued at $396,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel Peed sold 8,000 shares of United Insurance stock in a transaction on Monday, March 4th. The stock was sold at an average price of $16.37, for a total transaction of $130,960.00. Following the completion of the transaction, the director now owns 1,954,836 shares in the company, valued at approximately $32,000,665.32. The disclosure for this sale can be found here. Insiders purchased a total of 47,080 shares of company stock valued at $691,273 in the last ninety days. Company insiders own 52.50% of the company’s stock.
About United Insurance
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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