United Insurance (NASDAQ:UIHC) issued its quarterly earnings data on Wednesday. The insurance provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.17), Fidelity Earnings reports. United Insurance had a negative return on equity of 2.95% and a negative net margin of 2.09%. The business had revenue of $202.05 million during the quarter, compared to analysts’ expectations of $201.52 million.
UIHC stock opened at $11.25 on Friday. United Insurance has a 12 month low of $10.72 and a 12 month high of $22.43. The business’s 50-day moving average price is $13.66. The stock has a market cap of $489.29 million, a PE ratio of 29.61, a PEG ratio of 0.78 and a beta of 1.29.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, August 14th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.13%. United Insurance’s dividend payout ratio is presently 63.16%.
In other news, Director Alec Poitevint II purchased 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was purchased at an average cost of $13.73 per share, with a total value of $343,250.00. Following the purchase, the director now owns 25,000 shares in the company, valued at $343,250. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 52.50% of the stock is currently owned by insiders.
United Insurance Company Profile
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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