United Insurance Holdings Corp. (UIHC) Announces Earnings Results, Misses Estimates By $0.13 EPS

United Insurance Holdings Corp. (NASDAQ:UIHC) released its quarterly earnings data on Tuesday, August 8th. The insurance provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.31 by $0.13, Bloomberg Earnings reports. The business had revenue of $178.21 million during the quarter, compared to analysts’ expectations of $175.46 million. United Insurance Holdings Corp. had a net margin of 0.73% and a return on equity of 4.99%.

United Insurance Holdings Corp. (NASDAQ UIHC) opened at 16.18 on Friday. The company has a 50 day moving average of $15.97 and a 200 day moving average of $15.74. The firm has a market capitalization of $688.25 million, a PE ratio of 107.15 and a beta of 1.61. United Insurance Holdings Corp. has a 1-year low of $9.52 and a 1-year high of $17.81.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Monday, August 21st will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, August 17th. United Insurance Holdings Corp.’s dividend payout ratio is currently 1,200.00%.

Several analysts have recently commented on UIHC shares. Wells Fargo & Company reaffirmed a “buy” rating on shares of United Insurance Holdings Corp. in a report on Wednesday, August 9th. ValuEngine raised shares of United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. JMP Securities raised shares of United Insurance Holdings Corp. from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of United Insurance Holdings Corp. from a “hold” rating to a “strong sell” rating in a report on Friday, July 14th. Finally, BidaskClub downgraded shares of United Insurance Holdings Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $16.17.

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United Insurance Holdings Corp. Company Profile

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.

Earnings History for United Insurance Holdings Corp. (NASDAQ:UIHC)

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