DB:0UI

Stock Analysis Report

United Insurance Holdings

Executive Summary

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.

Snowflake

Fundamentals

Second-rate dividend payer and overvalued.


Similar Companies

Share Price & News

How has United Insurance Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-7.2%

0UI

1.5%

DE Insurance

2.4%

DE Market


1 Year Return

-32.8%

0UI

21.8%

DE Insurance

2.3%

DE Market

Return vs Industry: 0UI underperformed the German Insurance industry which returned 21.8% over the past year.

Return vs Market: 0UI underperformed the German Market which returned 2.3% over the past year.


Shareholder returns

0UIIndustryMarket
7 Day-7.2%1.5%2.4%
30 Day-6.0%1.4%-0.2%
90 Day-5.7%1.0%0.6%
1 Year-31.6%-32.8%27.1%21.8%5.5%2.3%
3 Year-11.6%-15.5%70.7%50.0%18.9%8.6%
5 Year-6.8%-13.0%122.6%78.3%44.8%25.1%

Price Volatility Vs. Market

How volatile is United Insurance Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is United Insurance Holdings undervalued compared to its fair value and its price relative to the market?

1.04x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: 0UI (€11.6) is trading above our estimate of fair value (€2.12)

Significantly Undervalued: 0UI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 0UI is unprofitable, so we can't compare its PE Ratio to the Insurance industry average.

PE vs Market: 0UI is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 0UI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 0UI is good value based on its PB Ratio (1x) compared to the DE Insurance industry average (1.1x).


Next Steps

Future Growth

How is United Insurance Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

8.2%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 0UI's forecast earnings growth is above the savings rate (0.2%).

Earnings vs Market: Insufficient data to determine if 0UI's earnings are forecast to grow faster than the German market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 0UI's revenue (8.2% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: 0UI's revenue (8.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if 0UI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has United Insurance Holdings performed over the past 5 years?

-34.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 0UI is unprofitable, and losses have increased over the past 5 years at a rate of -34.9% per year.

Accelerating Growth: Unable to compare 0UI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 0UI is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (15.2%).


Return on Equity

High ROE: 0UI has a negative Return on Equity (-2.83%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 0UI is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 0UI is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is United Insurance Holdings's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: 0UI has a low level of unsold assets or inventory.

Debt Coverage by Assets: 0UI's debt is covered by short term assets (assets are 9.202540x debt).


Financial Institutions Analysis

Asset Level: 0UI's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if 0UI has a sufficient allowance for bad loans.

Low Risk Liabilities: 0UI reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if 0UI has an acceptable proportion of non-loan assets held.

Low Risk Deposits: 0UI has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if 0UI has an appropriate level of bad loans.


Next Steps

Dividend

What is United Insurance Holdings's current dividend yield, its reliability and sustainability?

1.84%

Current Dividend Yield


Dividend Yield vs Market

company1.8%marketbottom25%1.4%markettop25%3.9%industryaverage4.0%forecastin3Years1.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 0UI's dividend (1.84%) is higher than the bottom 25% of dividend payers in the German market (1.43%).

High Dividend: 0UI's dividend (1.84%) is low compared to the top 25% of dividend payers in the German market (3.86%).

Stable Dividend: 0UI's dividend payments have been volatile in the past 10 years.

Growing Dividend: 0UI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: 0UI is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: 0UI's dividends in 3 years are forecast to be well covered by earnings (17.4% payout ratio).


Next Steps

Management

What is the CEO of United Insurance Holdings's salary, the management and board of directors tenure and is there insider trading?

3.3yrs

Average management tenure


CEO

John Forney (57yo)

7.3yrs

Tenure

US$3,269,357

Compensation

Mr. John Leslie Forney has served as Chief Executive Officer and a Director of United Insurance Holdings Corporation since June 2012. Mr. Forney serves as Chief Executive Officer, President and Director of ...


CEO Compensation Analysis

Compensation vs. Market: John's total compensation ($USD3.27M) is above average for companies of similar size in the German market ($USD809.46K).

Compensation vs Earnings: John's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

3.3yrs

Average Tenure

51yo

Average Age

Experienced Management: 0UI's management team is considered experienced (3.3 years average tenure).


Board Age and Tenure

6.9yrs

Average Tenure

69yo

Average Age

Experienced Board: 0UI's board of directors are considered experienced (6.9 years average tenure).


Insider Trading

Insider Buying: 0UI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$23,31328 Aug 19
Michael Hogan
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,545.66
Max PriceUS$19.10
BuyUS$11,59622 Aug 19
Michael Hogan
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$11.60
BuyUS$17,99219 Aug 19
Paul DiFrancesco
EntityIndividual
Role
Chief Operating Officer
Chief Operating Officer
Shares1,702
Max PriceUS$10.57
BuyUS$125,91814 Aug 19
Michael Hogan
EntityIndividual
Role
Member of the Board of Directors
Director
Shares12,700
Max PriceUS$10.03
BuyUS$12,31712 Aug 19
Kent Whittemore
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$12.32
BuyUS$44,76709 Aug 19
Scott St. John
EntityIndividual
Role
Senior Key Executive
Chief Claims Officer
Shares4,258
Max PriceUS$10.52
BuyUS$31,48506 Aug 19
Patrick Maroney
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,000
Max PriceUS$10.50
BuyUS$3,17406 Aug 19
Kent Whittemore
EntityIndividual
Role
Member of the Board of Directors
Director
Shares300
Max PriceUS$10.64
BuyUS$19,80205 Aug 19
Bennett Martz
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares2,000
Max PriceUS$9.90
BuyUS$307,44921 May 19
Mineral Associates, Inc
EntityCompany
Shares25,000
Max PriceUS$12.30
BuyUS$12,95113 May 19
Kent Whittemore
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$12.95
BuyUS$19,24013 May 19
Michael Hogan
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,500
Max PriceUS$12.83
BuyUS$8,17027 Mar 19
Deepak Menon
EntityIndividual
Role
Senior Key Executive
Chief Revenue Officer
Shares580
Max PriceUS$14.09
BuyUS$900,35107 Mar 19
Kern Davis
EntityIndividual
Role
Member of the Board of Directors
Director
Shares61,823
Max PriceUS$14.56
SellUS$113,13607 Mar 19
R. Peed
EntityIndividual
Shares8,000
Max PriceUS$14.15
BuyUS$280,27807 Mar 19
Mineral Associates, Inc
EntityCompany
Shares20,000
Max PriceUS$14.01
SellUS$115,67705 Mar 19
R. Peed
EntityIndividual
Shares8,000
Max PriceUS$14.48
SellUS$115,31201 Mar 19
R. Peed
EntityIndividual
Shares8,000
Max PriceUS$14.50
SellUS$896,37828 Feb 19
Kern Davis
EntityIndividual
Role
Member of the Board of Directors
Director
Shares61,823
Max PriceUS$14.50
SellUS$115,35927 Feb 19
R. Peed
EntityIndividual
Shares8,000
Max PriceUS$14.52
BuyUS$5,68526 Feb 19
Kent Whittemore
EntityIndividual
Role
Member of the Board of Directors
Director
Shares400
Max PriceUS$14.24
BuyUS$71,83125 Feb 19
Mineral Associates, Inc
EntityCompany
Shares5,000
Max PriceUS$14.37
BuyUS$93,72425 Feb 19
Sem Minerals, L.P.
EntityCompany
Shares6,500
Max PriceUS$14.42
BuyUS$25,18725 Feb 19
Alec Poitevint
EntityIndividual
Role
Lead Director
Lead Director
Shares1,750
Max PriceUS$14.39
SellUS$56,61825 Feb 19
R. Peed
EntityIndividual
Shares4,000
Max PriceUS$14.15
BuyUS$35,58522 Feb 19
Michael Hogan
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,500
Max PriceUS$14.23
SellUS$57,91422 Feb 19
R. Peed
EntityIndividual
Shares4,000
Max PriceUS$14.48
SellUS$115,30621 Feb 19
R. Peed
EntityIndividual
Shares8,000
Max PriceUS$14.46
SellUS$57,51319 Feb 19
R. Peed
EntityIndividual
Shares4,000
Max PriceUS$14.38
SellUS$115,15515 Feb 19
R. Peed
EntityIndividual
Shares8,000
Max PriceUS$14.41
SellUS$113,64412 Feb 19
R. Peed
EntityIndividual
Shares8,000
Max PriceUS$14.25
SellUS$170,80808 Feb 19
R. Peed
EntityIndividual
Shares12,000
Max PriceUS$14.28
SellUS$114,46205 Feb 19
R. Peed
EntityIndividual
Shares8,000
Max PriceUS$14.33
SellUS$57,09604 Feb 19
R. Peed
EntityIndividual
Shares4,000
Max PriceUS$14.27
SellUS$112,16331 Jan 19
R. Peed
EntityIndividual
Shares8,000
Max PriceUS$14.03
SellUS$56,29330 Jan 19
R. Peed
EntityIndividual
Shares4,000
Max PriceUS$14.07
SellUS$56,15929 Jan 19
R. Peed
EntityIndividual
Shares4,000
Max PriceUS$14.08
SellUS$56,09628 Jan 19
R. Peed
EntityIndividual
Shares4,000
Max PriceUS$14.02
SellUS$56,19224 Jan 19
R. Peed
EntityIndividual
Shares4,000
Max PriceUS$14.05
SellUS$57,26622 Jan 19
R. Peed
EntityIndividual
Shares4,000
Max PriceUS$14.40
SellUS$56,28118 Jan 19
R. Peed
EntityIndividual
Shares4,000
Max PriceUS$14.07
SellUS$25,25817 Jan 19
R. Peed
EntityIndividual
Shares1,800
Max PriceUS$14.03
SellUS$26,66515 Jan 19
R. Peed
EntityIndividual
Shares1,898
Max PriceUS$14.09
SellUS$2815 Jan 19
R. Peed
EntityIndividual
Shares2
Max PriceUS$14.02

Ownership Breakdown


Management Team

  • John Forney (57yo)

    President

    • Tenure: 7.3yrs
    • Compensation: US$3.27m
  • Paul DiFrancesco (61yo)

    Chief Operating Officer

    • Tenure: 2.2yrs
    • Compensation: US$775.37k
  • Brad Kalter (52yo)

    General Counsel

    • Tenure: 0.7yrs
  • Brad Martz (48yo)

    Chief Financial Officer

    • Tenure: 7yrs
    • Compensation: US$1.09m
  • Deepak Menon (47yo)

    Chief Revenue Officer

    • Tenure: 3.8yrs
    • Compensation: US$945.93k
  • Louisa Dulin

    Interim Vice President of Claims

    • Tenure: 3.3yrs
  • Scott St. John (51yo)

    Chief Claims Officer

    • Tenure: 3.2yrs
    • Compensation: US$690.02k
  • Chris Griffith (43yo)

    VP & Chief Information Officer

    • Tenure: 1yrs

Board Members

  • Sherrill Hudson (76yo)

    Director

    • Tenure: 6.4yrs
    • Compensation: US$193.60k
  • John Forney (57yo)

    President

    • Tenure: 7.3yrs
    • Compensation: US$3.27m
  • Alec Poitevint (71yo)

    Lead Director

    • Tenure: 2.2yrs
    • Compensation: US$183.60k
  • Greg Branch (71yo)

    Chairman of the Board

    • Tenure: 11.1yrs
    • Compensation: US$903.80k
  • William Hood (58yo)

    Director

    • Tenure: 7.6yrs
    • Compensation: US$173.60k
  • Kent Whittemore (71yo)

    Director

    • Tenure: 11.1yrs
    • Compensation: US$183.60k
  • Kern Davis (64yo)

    Director

    • Tenure: 7.6yrs
    • Compensation: US$183.60k
  • Dan Peed (56yo)

    Non-Executive Vice Chairman of the Board

    • Tenure: 2.5yrs
    • Compensation: US$148.95k
  • Mike Hogan (69yo)

    Director

    • Tenure: 2.5yrs
    • Compensation: US$148.95k
  • Patrick Maroney (69yo)

    Director

    • Tenure: 2.5yrs
    • Compensation: US$148.95k

Company Information

United Insurance Holdings Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: United Insurance Holdings Corp.
  • Ticker: 0UI
  • Exchange: DB
  • Founded: 1999
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: US$555.664m
  • Listing Market Cap: US$503.487m
  • Shares outstanding: 43.01m
  • Website: https://www.upcinsurance.com

Number of Employees


Location

  • United Insurance Holdings Corp.
  • 800 2nd Avenue South
  • St. Petersburg
  • Florida
  • 33701
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UIHCNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDOct 2008
0UIDB (Deutsche Boerse AG)YesCommon StockDEEUROct 2008

Biography

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 policie ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 21:35
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.