Wall Street brokerages expect United Insurance Holdings Corp (NASDAQ:UIHC) to report $0.57 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for United Insurance’s earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.52. United Insurance posted earnings of ($0.49) per share in the same quarter last year, which suggests a positive year over year growth rate of 216.3%. The business is scheduled to issue its next 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 year. For the next financial year, analysts forecast that the business will post earnings of $2.25 per share, with EPS estimates ranging from $2.10 to $2.40. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow United Insurance.

United Insurance (NASDAQ:UIHC) last released its quarterly earnings data on Monday, November 6th. The insurance provider reported ($0.50) EPS for the quarter, beating analysts’ consensus estimates of ($0.79) by $0.29. United Insurance had a negative return on equity of 2.29% and a negative net margin of 4.54%.

A number of research analysts recently commented on the company. ValuEngine cut United Insurance from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Keefe, Bruyette & Woods set a $21.00 price objective on United Insurance and gave the company a “buy” rating in a report on Monday, January 15th. Zacks Investment Research upgraded United Insurance from a “strong sell” rating to a “hold” rating in a report on Friday, January 12th. BidaskClub cut United Insurance from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Finally, Wells Fargo & Co reiterated a “buy” rating and issued a $18.00 price objective on shares of United Insurance in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. United Insurance has a consensus rating of “Buy” and an average target price of $19.00.

In other news, Director Alec Poitevint II bought 1,500 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 20,000 shares in the company, valued at $334,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Hogan bought 2,500 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was purchased at an average cost of $16.45 per share, for a total transaction of $41,125.00. Following the transaction, the director now owns 57,438 shares of the company’s stock, valued at $944,855.10. The disclosure for this purchase can be found here. 22.60% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in UIHC. Rhumbline Advisers raised its position in United Insurance by 1.3% in the second quarter. Rhumbline Advisers now owns 33,002 shares of the insurance provider’s stock valued at $519,000 after purchasing an additional 425 shares during the period. Legal & General Group Plc raised its position in United Insurance by 12.6% in the second quarter. Legal & General Group Plc now owns 34,069 shares of the insurance provider’s stock valued at $536,000 after purchasing an additional 3,816 shares during the period. Principal Financial Group Inc. raised its position in United Insurance by 1.2% in the second quarter. Principal Financial Group Inc. now owns 136,561 shares of the insurance provider’s stock valued at $2,148,000 after purchasing an additional 1,643 shares during the period. JPMorgan Chase & Co. purchased a new stake in United Insurance in the second quarter valued at approximately $330,000. Finally, Alliancebernstein L.P. increased its position in shares of United Insurance by 77.8% during the second quarter. Alliancebernstein L.P. now owns 22,400 shares of the insurance provider’s stock worth $352,000 after acquiring an additional 9,800 shares during the period. 31.59% of the stock is currently owned by institutional investors.

United Insurance (NASDAQ UIHC) opened at $19.05 on Thursday. United Insurance has a twelve month low of $13.05 and a twelve month high of $20.31.

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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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