Zacks: Analysts Anticipate United Insurance Holdings Corp (UIHC) to Post $0.57 Earnings Per Share
Equities research analysts expect United Insurance Holdings Corp (NASDAQ:UIHC) to report earnings of $0.57 per share for the current quarter, according to Zacks. Two analysts have made estimates for United Insurance’s earnings. The lowest EPS estimate is $0.52 and the highest is $0.62. United Insurance reported earnings per share of ($0.49) in the same quarter last year, which would indicate a positive year over year growth rate of 216.3%. The company is scheduled to report its next quarterly earnings results on Monday, February 19th.
On average, analysts expect that United Insurance will report full-year earnings of $0.75 per share for the current fiscal year. For the next financial year, analysts expect that the firm will post earnings of $1.90 per share, with EPS estimates ranging from $1.80 to $2.00. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover United Insurance.
Several analysts have recently commented on the stock. Zacks Investment Research cut shares of United Insurance from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. ValuEngine cut shares of United Insurance from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Finally, Wells Fargo & Company reaffirmed a “buy” rating and issued a $18.00 price objective on shares of United Insurance in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $18.00.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 22nd were paid a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.24 dividend on an annualized basis and a yield of 1.46%. United Insurance’s payout ratio is presently -30.00%.
A number of hedge funds have recently made changes to their positions in UIHC. Capital Returns Management LLC boosted its stake in United Insurance by 140.9% in the second quarter. Capital Returns Management LLC now owns 604,653 shares of the insurance provider’s stock valued at $9,511,000 after acquiring an additional 353,700 shares during the last quarter. Marshall Wace North America L.P. bought a new position in United Insurance in the second quarter valued at approximately $4,157,000. Lido Advisors LLC bought a new position in United Insurance in the third quarter valued at approximately $2,877,000. Mutual of America Capital Management LLC boosted its stake in United Insurance by 133.7% in the second quarter. Mutual of America Capital Management LLC now owns 236,368 shares of the insurance provider’s stock valued at $3,718,000 after acquiring an additional 135,233 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in United Insurance by 14.8% in the third quarter. Dimensional Fund Advisors LP now owns 925,428 shares of the insurance provider’s stock valued at $15,084,000 after acquiring an additional 119,424 shares during the last quarter. 31.58% of the stock is currently owned by hedge funds and other institutional investors.
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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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