United Insurance Holdings Corp. (NASDAQ:UIHC) Releases Earnings Results, Misses Expectations By $0.13 EPS

United Insurance Holdings Corp. (NASDAQ:UIHC) announced its quarterly earnings data on Tuesday. The insurance provider reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.13, reports. United Insurance Holdings Corp. had a return on equity of 2.64% and a net margin of 1.32%.

United Insurance Holdings Corp. (NASDAQ UIHC) traded up 0.19% during trading on Tuesday, reaching $15.57. 66,544 shares of the company traded hands. The firm has a 50-day moving average price of $15.92 and a 200-day moving average price of $15.63. The company has a market capitalization of $334.83 million, a P/E ratio of 51.73 and a beta of 1.61. United Insurance Holdings Corp. has a 52 week low of $9.52 and a 52 week high of $17.81.

A number of analysts have recently issued reports on UIHC shares. Zacks Investment Research cut shares of United Insurance Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. ValuEngine raised shares of United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Finally, BidaskClub cut shares of United Insurance Holdings Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. United Insurance Holdings Corp. presently has an average rating of “Hold” and an average target price of $16.17.

In related news, Director Alec Poitevint II acquired 4,205 shares of United Insurance Holdings Corp. stock in a transaction on Tuesday, May 16th. The stock was bought at an average cost of $15.00 per share, for a total transaction of $63,075.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $300,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew Swenson acquired 4,000 shares of United Insurance Holdings Corp. stock in a transaction on Friday, May 12th. The shares were bought at an average price of $15.00 per share, with a total value of $60,000.00. Following the completion of the transaction, the insider now directly owns 30,017 shares of the company’s stock, valued at approximately $450,255. The disclosure for this purchase can be found here. Insiders have acquired 24,000 shares of company stock valued at $356,791 over the last 90 days. 22.60% of the stock is currently owned by company insiders.

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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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