United Insurance Holdings Corp. (NASDAQ:UIHC) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, UIHC is expected to report 3Q20 loss of $ 1.9 per share from revenue of $ 197.17 million.
For the full year, analysts anticipate top line of $ 770.34 million, while looking forward to loss of $ 1.32 per share bottom line.
Previous Quarter Performance
United Insurance Holdings Corp. announced income for the second quarter of $ 0.20 per share, from the revenue of $ 185.48 million. The consensus estimates are income of $ 0.02 per share from $ 193.61 million in revenue. The top line results fell short of analysts by $ 8.13 million or 4.2 percent.
Stock Performance
Shares of United Insurance Holdings Corp. traded low $ -0.14 or -2.87 percent on Wednesday, reaching $ 4.74 with volume of 66.00 thousand shares. United Insurance Holdings Corp. has traded high as $ 4.85 and has cracked $ 4.61 on the downward trend
The closing price of $ 4.74, representing a 12.44 % increase from the 52 week low of $ 4.34 and a 63.8 % decrease over the 52 week high of $ 13.48.
The company has a market capital of $ 204.14 million and is part of the Financial Services sector and Insurance – Property & Casualty industry.
Recent Analyst recommendations
- On 23rd September 2020, maintained by Wells Fargo & Co at Underweight rating, with $ 7.00 target price.
- On 21st September 2020, maintained by Raymond James at Outperform rating, with $ 9.50 target price.
Recent Stock Dividend Announcement
On July 28, 2020, the board of directors authorized quarterly dividend of $ 0.06 per share to holders of record as of the close of business on August 11, 2020, with payment date of August 18, 2020 and ex-dividend date on August 10, 2020.
Conference Call
United Insurance Holdings Corp. will be hosting a conference call at 5:30 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.upcinsurance.com
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.
