Zacks: Analysts Expect United Insurance Holdings (UIHC) Will Post Earnings of $0.58 Per Share

Wall Street brokerages expect that United Insurance Holdings (NASDAQ:UIHC) will report $0.58 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for United Insurance’s earnings. The lowest EPS estimate is $0.55 and the highest is $0.61. United Insurance reported earnings of $0.46 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 26.1%. The business is scheduled to report its next earnings results on Tuesday, August 14th.

According to Zacks, analysts expect that United Insurance will report full-year earnings of $2.08 per share for the current fiscal year, with EPS estimates ranging from $2.05 to $2.10. For the next financial year, analysts forecast that the company will report earnings of $2.33 per share, with EPS estimates ranging from $2.25 to $2.40. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for United Insurance.

United Insurance (NASDAQ:UIHC) last posted its quarterly earnings data on Tuesday, May 8th. The insurance provider reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.02. United Insurance had a return on equity of 9.11% and a net margin of 2.05%. The company had revenue of $182.36 million during the quarter, compared to analyst estimates of $178.33 million.

A number of research firms have commented on UIHC. Raymond James lowered United Insurance from a “strong-buy” rating to an “outperform” rating in a report on Monday. Zacks Investment Research lowered United Insurance from a “hold” rating to a “sell” rating in a report on Friday, May 11th. Wells Fargo set a $22.00 target price on United Insurance and gave the stock a “buy” rating in a report on Tuesday, May 8th. BidaskClub raised United Insurance from a “sell” rating to a “hold” rating in a report on Wednesday, April 18th. Finally, ValuEngine lowered United Insurance from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.67.

In other news, Director Michael Hogan acquired 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The stock was bought at an average price of $20.54 per share, with a total value of $51,350.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 52.40% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. MetLife Investment Advisors LLC bought a new stake in shares of United Insurance in the fourth quarter worth $149,000. KBC Group NV bought a new stake in shares of United Insurance in the first quarter worth $151,000. Stone Ridge Asset Management LLC bought a new stake in shares of United Insurance in the fourth quarter worth $214,000. Stevens Capital Management LP bought a new stake in shares of United Insurance in the first quarter worth $243,000. Finally, Unison Advisors LLC bought a new stake in shares of United Insurance in the fourth quarter worth $262,000. 32.05% of the stock is owned by institutional investors.

United Insurance opened at $21.03 on Tuesday, Marketbeat Ratings reports. The firm has a market capitalization of $891.68 million, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 0.50 and a beta of 1.59. United Insurance has a 12 month low of $20.84 and a 12 month high of $21.00.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 29th. Investors of record on Tuesday, May 22nd will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Monday, May 21st. United Insurance’s payout ratio is currently 25.81%.

United Insurance Company Profile

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.

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