United Insurance (NASDAQ:UIHC) announced its quarterly earnings results on Tuesday. The insurance provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02, Bloomberg Earnings reports. United Insurance had a return on equity of 9.16% and a net margin of 2.05%. The company had revenue of $182.36 million during the quarter, compared to analyst estimates of $178.33 million.
Shares of UIHC stock opened at $19.94 on Thursday. The stock has a market capitalization of $842.95 million, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 0.49 and a beta of 1.59.
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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 29th. Shareholders of record on Tuesday, May 22nd will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, May 21st. This represents a $0.24 dividend on an annualized basis and a yield of 1.20%. United Insurance’s dividend payout ratio (DPR) is presently 25.81%.
A number of equities analysts recently commented on the company. Wells Fargo set a $22.00 price target on United Insurance and gave the company a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded United Insurance from a “sell” rating to a “hold” rating in a research report on Wednesday, April 25th. BidaskClub upgraded United Insurance from a “sell” rating to a “hold” rating in a research report on Wednesday, April 18th. Finally, ValuEngine downgraded United Insurance from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $21.67.
United Insurance Company Profile
United Insurance Holdings Corp. operates as a property and casualty insurance holding company that sources, writes, and services residential 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, as well as dwelling fire policies.