United Insurance (UIHC) Releases Quarterly Earnings Results, Beats Expectations By $0.20 EPS

United Insurance (NASDAQ:UIHC) posted its quarterly earnings results on Wednesday. The insurance provider reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.20, Bloomberg Earnings reports. The firm had revenue of $181.97 million for the quarter, compared to the consensus estimate of $174.08 million. United Insurance had a net margin of 1.55% and a return on equity of 8.17%.

United Insurance (NASDAQ UIHC) opened at $19.53 on Friday. The firm has a market cap of $799.49, a PE ratio of 20.55, a PEG ratio of 0.42 and a beta of 1.65. United Insurance has a 52 week low of $13.60 and a 52 week high of $20.31.

In other news, Director Alec Poitevint II bought 1,500 shares of United Insurance stock in a transaction on Friday, December 15th. The shares were bought at an average cost of $16.71 per share, with a total value of $25,065.00. Following the completion of the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at $334,200. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Hogan bought 2,500 shares of United Insurance stock in a transaction on Tuesday, December 12th. The shares were purchased at an average cost of $16.45 per share, for a total transaction of $41,125.00. Following the completion of the purchase, the director now directly owns 57,438 shares of the company’s stock, valued at $944,855.10. The disclosure for this purchase can be found here. Company insiders own 22.60% of the company’s stock.

UIHC has been the topic of several research reports. Zacks Investment Research downgraded shares of United Insurance from a “buy” rating to a “hold” rating in a research note on Saturday, January 20th. Keefe, Bruyette & Woods set a $21.00 price target on shares of United Insurance and gave the stock a “buy” rating in a research note on Monday, January 15th. BidaskClub raised shares of United Insurance from a “hold” rating to a “buy” rating in a research note on Friday, January 19th. Finally, Wells Fargo & Co reissued a “buy” rating and issued a $18.00 price target on shares of United Insurance in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. United Insurance presently has an average rating of “Hold” and a consensus price target of $20.75.

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About United Insurance

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 (NASDAQ:UIHC)

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