Shares of United Insurance Holdings (NASDAQ:UIHC) have been assigned a consensus rating of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $20.75.

Several analysts recently issued reports on the stock. Zacks Investment Research cut shares of United Insurance from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 13th. ValuEngine cut shares of United Insurance from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. BidaskClub raised shares of United Insurance from a “sell” rating to a “hold” rating in a report on Friday, March 2nd. Wells Fargo reaffirmed a “buy” rating and issued a $20.50 price target on shares of United Insurance in a report on Wednesday, February 21st. Finally, Keefe, Bruyette & Woods set a $21.00 price target on shares of United Insurance and gave the company a “buy” rating in a report on Monday, January 15th.

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UIHC stock traded down $0.11 on Friday, reaching $19.61. 90,171 shares of the company traded hands, compared to its average volume of 162,285. The firm has a market capitalization of $848.22, a PE ratio of 21.80, a PEG ratio of 0.47 and a beta of 1.59. United Insurance has a 1 year low of $13.60 and a 1 year high of $20.40.

United Insurance (NASDAQ:UIHC) last posted its quarterly earnings results on Wednesday, February 21st. The insurance provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.20. The firm had revenue of $181.97 million for the quarter, compared to analysts’ expectations of $174.08 million. United Insurance had a net margin of 1.55% and a return on equity of 7.67%. sell-side analysts expect that United Insurance will post 2.13 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 14th. Investors of record on Wednesday, March 7th were issued a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, March 6th. This represents a $0.24 annualized dividend and a yield of 1.22%. United Insurance’s dividend payout ratio is presently 75.00%.

Several large investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in shares of United Insurance by 4.1% during the fourth quarter. BlackRock Inc. now owns 2,678,582 shares of the insurance provider’s stock worth $46,206,000 after purchasing an additional 105,644 shares during the period. Vanguard Group Inc. raised its holdings in shares of United Insurance by 3.8% during the second quarter. Vanguard Group Inc. now owns 977,451 shares of the insurance provider’s stock worth $15,376,000 after purchasing an additional 35,477 shares during the period. Dimensional Fund Advisors LP grew its position in shares of United Insurance by 14.8% during the third quarter. Dimensional Fund Advisors LP now owns 925,428 shares of the insurance provider’s stock worth $15,084,000 after acquiring an additional 119,424 shares during the last quarter. Franklin Resources Inc. grew its position in shares of United Insurance by 15.9% during the fourth quarter. Franklin Resources Inc. now owns 676,934 shares of the insurance provider’s stock worth $11,677,000 after acquiring an additional 92,800 shares during the last quarter. Finally, State Street Corp grew its position in shares of United Insurance by 4.3% during the second quarter. State Street Corp now owns 371,275 shares of the insurance provider’s stock worth $5,841,000 after acquiring an additional 15,179 shares during the last quarter. 32.09% of the stock is currently owned by institutional investors.

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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. It offers single-family homeowners, dwelling fire, renters, condominium unit owners, and commercial residential insurance policies, as well as federal flood, equipment breakdown, and identity theft insurance policies.

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