Wall Street brokerages predict that United Insurance Holdings Corp (NASDAQ:UIHC) will announce earnings per share (EPS) of ($0.03) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for United Insurance’s earnings, with estimates ranging from ($0.16) to $0.10. United Insurance reported earnings per share of $0.77 during the same quarter last year, which would suggest a negative year over year growth rate of 103.9%. The firm is scheduled to report its next quarterly earnings results on Wednesday, February 20th.

According to Zacks, analysts expect that United Insurance will report full year earnings of $0.38 per share for the current financial year, with EPS estimates ranging from $0.25 to $0.50. For the next financial year, analysts forecast that the business will report earnings of $1.85 per share, with EPS estimates ranging from $1.55 to $2.15. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow United Insurance.

United Insurance (NASDAQ:UIHC) last released its quarterly earnings data on Thursday, November 1st. The insurance provider reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.40). The firm had revenue of $181.99 million for the quarter, compared to analyst estimates of $174.94 million. United Insurance had a return on equity of 9.33% and a net margin of 5.23%.

Several research analysts have recently weighed in on the stock. BidaskClub upgraded shares of United Insurance from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 22nd. Keefe, Bruyette & Woods lowered shares of United Insurance from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $23.00 to $18.00 in a research note on Monday, November 5th. Wells Fargo & Co restated a “buy” rating and set a $22.00 price objective on shares of United Insurance in a research note on Friday, November 2nd. Finally, Zacks Investment Research lowered shares of United Insurance from a “hold” rating to a “sell” rating in a research note on Friday, October 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $21.00.

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of United Insurance during the 2nd quarter worth about $101,000. Louisiana State Employees Retirement System bought a new position in United Insurance in the third quarter valued at approximately $210,000. Wealth Alliance Advisory Group LLC bought a new position in United Insurance in the third quarter valued at approximately $212,000. Virtu Financial LLC bought a new position in United Insurance in the third quarter valued at approximately $263,000. Finally, MetLife Investment Advisors LLC boosted its stake in United Insurance by 62.9% in the third quarter. MetLife Investment Advisors LLC now owns 14,099 shares of the insurance provider’s stock valued at $316,000 after acquiring an additional 5,445 shares during the last quarter. Institutional investors own 34.37% of the company’s stock.

United Insurance stock opened at $18.75 on Monday. The stock has a market cap of $805.96 million, a PE ratio of 20.16, a PEG ratio of 2.50 and a beta of 1.67. United Insurance has a fifty-two week low of $16.20 and a fifty-two week high of $22.43.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 27th. Stockholders of record on Tuesday, November 20th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, November 19th. This represents a $0.24 annualized dividend and a dividend yield of 1.28%. United Insurance’s dividend payout ratio is presently 25.81%.

About United Insurance

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.

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