United Insurance Holdings Corp. (NASDAQ:UIHC) released its quarterly earnings results on Tuesday. The insurance provider reported $0.18 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’s stock were exchanged. The stock’s 50-day moving average is $15.92 and its 200-day moving average is $15.63. United Insurance Holdings Corp. has a 12-month low of $9.52 and a 12-month high of $17.81. The company has a market cap of $334.83 million, a P/E ratio of 51.73 and a beta of 1.61.

In related news, Director Alec Poitevint II acquired 3,519 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was acquired at an average cost of $15.03 per share, with a total value of $52,890.57. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at approximately $300,600. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Andrew Swenson acquired 4,000 shares of the business’s stock in a transaction on Friday, May 12th. The shares were bought at an average cost of $15.00 per share, with a total value of $60,000.00. Following the completion of the acquisition, the insider now owns 30,017 shares in the company, valued at $450,255. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 24,000 shares of company stock valued at $356,791. Insiders own 22.60% of the company’s stock.

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

ILLEGAL ACTIVITY NOTICE: This piece was first reported by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/08/united-insurance-holdings-corp-nasdaquihc-announces-earnings-results.html.

About United Insurance Holdings Corp.

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)

Receive News & Ratings for United Insurance Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Insurance Holdings Corp. and related companies with MarketBeat.com's FREE daily email newsletter.