United Insurance Holdings Corp (NASDAQ:UIHC) has earned an average recommendation of “Buy” from the six research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $21.17.
A number of research analysts have recently commented on UIHC shares. Wells Fargo & Co restated a “buy” rating and issued a $18.00 target price on shares of United Insurance in a research note on Tuesday, November 7th. BidaskClub upgraded United Insurance from a “hold” rating to a “buy” rating in a research note on Friday, January 19th. Zacks Investment Research upgraded United Insurance from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 14th. ValuEngine upgraded United Insurance from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $20.00 target price on shares of United Insurance in a research note on Friday, December 22nd.
In related news, Director Michael Hogan acquired 2,500 shares of United Insurance stock in a transaction that occurred on Tuesday, December 12th. The stock was bought at an average price of $16.45 per share, with a total value of $41,125.00. Following the transaction, the director now directly owns 57,438 shares in the company, valued at $944,855.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alec Poitevint II acquired 1,500 shares of United Insurance stock in a transaction that occurred 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 transaction, the director now owns 20,000 shares in the company, valued at $334,200. The disclosure for this purchase can be found here. Company insiders own 22.60% of the company’s stock.
United Insurance (NASDAQ UIHC) traded up $0.08 during midday trading on Wednesday, reaching $19.53. The company’s stock had a trading volume of 108,577 shares, compared to its average volume of 156,197. United Insurance has a 1-year low of $13.60 and a 1-year high of $20.31. The stock has a market cap of $831.55, a PE ratio of 61.03, a P/E/G ratio of 0.46 and a beta of 1.65.
United Insurance (NASDAQ:UIHC) last released its earnings results on Wednesday, February 21st. The insurance provider reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.20. The company had revenue of $181.97 million during the quarter, compared to analysts’ expectations of $174.08 million. United Insurance had a return on equity of 7.67% and a net margin of 1.55%. equities analysts expect that United Insurance will post 2.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, March 7th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Tuesday, March 6th. United Insurance’s payout ratio is presently 75.00%.
United Insurance 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.
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