Wall Street analysts forecast that United Insurance Holdings Corp (NASDAQ:UIHC) will report $174.08 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for United Insurance’s earnings, with the highest sales estimate coming in at $203.40 million and the lowest estimate coming in at $144.76 million. United Insurance posted sales of $131.36 million during the same quarter last year, which would indicate a positive year over year growth rate of 32.5%. The business is scheduled to announce its next quarterly earnings results on Monday, February 19th.
On average, analysts expect that United Insurance will report full year sales of $174.08 million for the current fiscal year, with estimates ranging from $617.15 million to $675.80 million. For the next financial year, analysts expect that the business will post sales of $802.97 million per share, with estimates ranging from $781.43 million to $824.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for United Insurance.
United Insurance (NASDAQ:UIHC) last announced its earnings results on Monday, November 6th. The insurance provider reported ($0.50) EPS for the quarter, topping the consensus estimate of ($0.79) by $0.29. United Insurance had a negative net margin of 4.54% and a negative return on equity of 2.29%.
United Insurance (NASDAQ:UIHC) opened at $19.44 on Wednesday. United Insurance has a fifty-two week low of $13.05 and a fifty-two week high of $19.63. The company has a market cap of $803.34, a PE ratio of -24.30, a price-to-earnings-growth ratio of 0.45 and a beta of 1.54.
In related news, Director Michael Hogan purchased 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was acquired at an average cost of $16.45 per share, for a total transaction of $41,125.00. Following the completion of the acquisition, the director now owns 57,438 shares in the company, valued at approximately $944,855.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alec Poitevint II purchased 1,500 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were bought at an average price of $16.71 per share, with a total value of $25,065.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at approximately $334,200. The disclosure for this purchase can be found here. Company insiders own 22.60% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. First Quadrant L P CA acquired a new stake in shares of United Insurance during the third quarter worth approximately $101,000. Municipal Employees Retirement System of Michigan lifted its stake in United Insurance by 82.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,720 shares of the insurance provider’s stock valued at $126,000 after acquiring an additional 3,500 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in United Insurance by 88.6% in the third quarter. BNP Paribas Arbitrage SA now owns 10,119 shares of the insurance provider’s stock valued at $165,000 after acquiring an additional 4,754 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in United Insurance by 7.2% in the second quarter. Thrivent Financial For Lutherans now owns 10,750 shares of the insurance provider’s stock valued at $169,000 after acquiring an additional 720 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new stake in United Insurance in the third quarter valued at approximately $209,000. Institutional investors and hedge funds own 31.54% of the company’s stock.
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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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