United Insurance Holdings Corp (UIHC) Receives $18.00 Average Target Price from Analysts

United Insurance Holdings Corp (NASDAQ:UIHC) has been given an average rating of “Hold” by the six analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $18.00.

Several equities research analysts have weighed in on UIHC shares. Wells Fargo & Co reissued a “buy” rating on shares of United Insurance in a research note on Tuesday, January 8th. BidaskClub cut United Insurance from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. Finally, ValuEngine cut United Insurance from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th.

NASDAQ UIHC traded down $0.17 during trading hours on Thursday, hitting $16.23. 57,313 shares of the company were exchanged, compared to its average volume of 109,516. United Insurance has a 52 week low of $15.16 and a 52 week high of $22.43. The stock has a market capitalization of $683.45 million, a P/E ratio of 42.71, a PEG ratio of 0.43 and a beta of 1.41.

United Insurance (NASDAQ:UIHC) last issued its quarterly earnings data on Tuesday, February 19th. The insurance provider reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. United Insurance had a return on equity of 3.04% and a net margin of 0.04%. The company had revenue of $193.11 million for the quarter, compared to analysts’ expectations of $185.94 million. As a group, equities analysts predict that United Insurance will post 1.85 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, March 6th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.48%. United Insurance’s dividend payout ratio is 63.16%.

In other United Insurance news, Director Alec Poitevint II bought 20,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average price of $15.86 per share, with a total value of $317,200.00. Following the completion of the purchase, the director now owns 25,000 shares in the company, valued at approximately $396,500. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel Peed sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $16.50, for a total value of $66,000.00. Following the transaction, the director now directly owns 1,978,836 shares in the company, valued at approximately $32,650,794. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 23,080 shares of company stock worth $366,743 and have sold 89,900 shares worth $1,457,779. Corporate insiders own 52.40% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan purchased a new stake in United Insurance during the fourth quarter worth $101,000. Neuburgh Advisers LLC lifted its holdings in United Insurance by 11.2% during the fourth quarter. Neuburgh Advisers LLC now owns 6,732 shares of the insurance provider’s stock worth $112,000 after buying an additional 680 shares during the period. Metropolitan Life Insurance Co. NY lifted its holdings in United Insurance by 377.1% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,889 shares of the insurance provider’s stock worth $114,000 after buying an additional 5,445 shares during the period. Oregon Public Employees Retirement Fund purchased a new stake in United Insurance during the fourth quarter worth $136,000. Finally, Mackay Shields LLC purchased a new stake in United Insurance during the fourth quarter worth $183,000. 35.79% of the stock is currently owned by hedge funds and other institutional investors.

About United Insurance

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, as well as dwelling fire policies.

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