United Insurance (NASDAQ:UIHC) Posts Earnings Results, Misses Estimates By $0.58 EPS

United Insurance (NASDAQ:UIHC – Get Rating) posted its quarterly earnings data on Monday. The insurance provider reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.58), MarketWatch Earnings reports. United Insurance had a negative return on equity of 17.12% and a negative net margin of 9.13%. During the same period in the prior year, the business earned ($0.45) earnings per share.

NASDAQ UIHC opened at $1.39 on Wednesday. The firm’s 50 day moving average is $3.02. The firm has a market capitalization of $60.21 million, a P/E ratio of -1.04 and a beta of 0.85. United Insurance has a 1-year low of $1.29 and a 1-year high of $6.34.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 16th. Shareholders of record on Wednesday, March 9th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 17.27%. The ex-dividend date of this dividend was Tuesday, March 8th. United Insurance’s payout ratio is -17.91%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. boosted its holdings in United Insurance by 521.8% during the fourth quarter. Advisor Group Holdings Inc. now owns 7,698 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 6,460 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in United Insurance by 64.7% during the fourth quarter. BNP Paribas Arbitrage SA now owns 9,251 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 3,633 shares in the last quarter. Captrust Financial Advisors boosted its holdings in United Insurance by 948.8% during the third quarter. Captrust Financial Advisors now owns 9,418 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 8,520 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of United Insurance by 1,128,200.0% in the 4th quarter. Wells Fargo & Company MN now owns 11,283 shares of the insurance provider’s stock worth $49,000 after acquiring an additional 11,282 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of United Insurance in the 3rd quarter worth approximately $59,000. 24.07% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded United Insurance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. StockNews.com started coverage on United Insurance in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

United Insurance Company Profile (Get Rating)

United Insurance Holdings Corp. operates as a property and casualty insurance holding company that sources, writes, and services residential personal 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.

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