Wall Street analysts expect United Insurance Holdings (NASDAQ:UIHC) to post $231.89 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for United Insurance’s earnings, with the highest sales estimate coming in at $277.07 million and the lowest estimate coming in at $186.70 million. United Insurance posted sales of $178.21 million in the same quarter last year, which suggests a positive year-over-year growth rate of 30.1%. The firm is expected to announce its next earnings report on Tuesday, August 14th.

On average, analysts expect that United Insurance will report full year sales of $772.19 million for the current year, with estimates ranging from $745.70 million to $798.67 million. For the next financial year, analysts expect that the company will report sales of $813.97 million per share, with estimates ranging from $788.60 million to $839.34 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow United Insurance.

United Insurance (NASDAQ:UIHC) last issued its earnings results on Tuesday, May 8th. The insurance provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $182.36 million for the quarter, compared to analyst estimates of $178.33 million. United Insurance had a net margin of 2.05% and a return on equity of 9.11%.

UIHC has been the subject of a number of recent research reports. Wells Fargo set a $21.00 price objective on shares of United Insurance and gave the company a “buy” rating in a research report on Monday, April 2nd. BidaskClub raised shares of United Insurance from a “hold” rating to a “buy” rating in a research report on Friday, January 19th. ValuEngine raised shares of United Insurance from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Finally, Zacks Investment Research downgraded shares of United Insurance from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. United Insurance presently has a consensus rating of “Hold” and an average price target of $21.67.

In other United Insurance news, Director Michael Hogan acquired 2,500 shares of the stock in a transaction that occurred on Tuesday, May 15th. The stock was acquired at an average price of $20.54 per share, with a total value of $51,350.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 52.40% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of UIHC. MetLife Investment Advisors LLC bought a new position in United Insurance in the 4th quarter worth about $149,000. KBC Group NV bought a new position in United Insurance in the 1st quarter worth about $151,000. Stone Ridge Asset Management LLC bought a new position in United Insurance in the 4th quarter worth about $214,000. Stevens Capital Management LP bought a new position in United Insurance in the 1st quarter worth about $243,000. Finally, Unison Advisors LLC bought a new position in United Insurance in the 4th quarter worth about $262,000. Hedge funds and other institutional investors own 32.05% of the company’s stock.

Shares of United Insurance opened at $20.86 on Thursday, MarketBeat.com reports. United Insurance has a 1 year low of $20.84 and a 1 year high of $21.00. The stock has a market capitalization of $874.16 million, a PE ratio of 22.43, a P/E/G ratio of 0.49 and a beta of 1.59.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 29th. Investors of record on Tuesday, May 22nd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Monday, May 21st. United Insurance’s dividend payout ratio is presently 25.81%.

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.

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