United Insurance (NASDAQ:UIHC) Announces Quarterly Earnings Results

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%.

Several brokerages have commented on UIHC. BidaskClub lowered shares of United Insurance from a “hold” rating to a “sell” rating in a research note on Thursday, February 7th. Zacks Investment Research lowered shares of United Insurance from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. Finally, Wells Fargo & Co lowered shares of United Insurance from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $19.00 to $17.00 in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $19.33.

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.

TRADEMARK VIOLATION NOTICE: “United Insurance (NASDAQ:UIHC) Announces Quarterly Earnings Results” was posted by Rockland Register and is the property of of Rockland Register. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this news story can be accessed at https://rocklandregister.com/2019/05/31/united-insurance-uihc-announces-quarterly-earnings-results.html.

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.

See Also: How to calculate compound interest

Earnings History for United Insurance (NASDAQ:UIHC)

Receive News & Ratings for United Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Insurance and related companies with MarketBeat.com's FREE daily email newsletter.