NasdaqCM:UIHC

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

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 Analysis

Mediocre balance sheet with moderate growth potential.


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

Stable Share Price: UIHC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.5%

UIHC

0.9%

US Insurance

2.3%

US Market


1 Year Return

-49.1%

UIHC

-21.3%

US Insurance

6.7%

US Market

Return vs Industry: UIHC underperformed the US Insurance industry which returned -22.3% over the past year.

Return vs Market: UIHC underperformed the US Market which returned 6% over the past year.


Shareholder returns

UIHCIndustryMarket
7 Day-2.5%0.9%2.3%
30 Day-15.7%-11.1%-0.7%
90 Day-19.9%-0.2%17.1%
1 Year-47.8%-49.1%-19.2%-21.3%9.0%6.7%
3 Year-51.6%-54.1%-0.9%-9.0%36.7%27.8%
5 Year-52.5%-56.2%25.8%10.0%65.2%46.9%

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

Valuation

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

0.64x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate UIHC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate UIHC's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

PE vs Market: UIHC is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: UIHC is good value based on its PB Ratio (0.6x) compared to the US Insurance industry average (0.9x).


Next Steps

Future Growth

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

150.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UIHC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: UIHC is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: UIHC's is expected to become profitable in the next 3 years.

Revenue vs Market: UIHC's revenue (2.3% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: UIHC's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: UIHC's Return on Equity is forecast to be low in 3 years time (8.3%).


Next Steps

Past Performance

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

-54.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UIHC is currently unprofitable.

Growing Profit Margin: UIHC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: UIHC is unprofitable, and losses have increased over the past 5 years at a rate of -54.6% per year.

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

Earnings vs Industry: UIHC is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (-1.9%).


Return on Equity

High ROE: UIHC has a negative Return on Equity (-10.19%), as it is currently unprofitable.


Next Steps

Financial Health

How is United Insurance Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: UIHC's short term assets ($1.1B) do not cover its short term liabilities ($1.6B).

Long Term Liabilities: UIHC's short term assets ($1.1B) exceed its long term liabilities ($266.6M).


Debt to Equity History and Analysis

Debt Level: UIHC's debt to equity ratio (31.3%) is considered satisfactory.

Reducing Debt: UIHC's debt to equity ratio has increased from 6.1% to 31.3% over the past 5 years.

Debt Coverage: UIHC's debt is well covered by operating cash flow (106.5%).

Interest Coverage: Insufficient data to determine if UIHC's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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

3.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: UIHC's dividend (3.29%) is higher than the bottom 25% of dividend payers in the US market (1.68%).

High Dividend: UIHC's dividend (3.29%) is low compared to the top 25% of dividend payers in the US market (4.6%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average management tenure


CEO

Dan Peed (57yo)

no data

Tenure

US$153,500

Compensation

Mr. Robert Daniel Peed, also known as Dan, serves as Director at United Property & Casualty Insurance Company (formerly known as United Property and Casualty Insurance Company, Inc.) and serves as Chairman ...


Leadership Team

NamePositionTenureCompensationOwnership
Robert Peed
Chairman & CEOno dataUS$153.50kno data
Bennett Martz
President & CFOno dataUS$980.89k0.14% $434.2k
Paul DiFrancesco
Chief Operating Officer2.92yrsUS$702.29k0.048% $149.9k
Deepak Menon
Chief Revenue Officer4.58yrsUS$844.30k0.24% $743.2k
Scott St. John
Chief Claims Officer3.92yrsUS$636.00k0.039% $121.1k
Christopher Griffith
VP & Chief Information Officer1.75yrsno data0.0018% $5.7k
Brad Kalter
General Counsel1.42yrsno data0.0015% $4.8k
Chris Dittman
Chief Risk Officerno datano datano data
Louisa Dulin
Interim Vice President of Claims4.08yrsno datano data
Alycia Weigley
VP of Employee Success and Director of Training1.5yrsno datano data

2.9yrs

Average Tenure

52yo

Average Age

Experienced Management: UIHC's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Robert Peed
Chairman & CEOno dataUS$153.50kno data
Sherrill Hudson
Independent Director7.17yrsUS$163.50k0.39% $1.2m
Alec Poitevint
Independent Lead Director2.92yrsUS$163.50k1.43% $4.5m
Gregory Branch
Chairman Emeritus & Directorno dataUS$198.50k5.18% $16.2m
William Hood
Independent Director8.33yrsUS$153.50k1.78% $5.6m
Kent Whittemore
Independent Director11.83yrsUS$164.75k0.70% $2.2m
Kern Davis
Independent Director8.33yrsUS$163.50k0.64% $2.0m
Michael Hogan
Independent Director3.25yrsUS$153.50k0.27% $846.0k
Patrick Maroney
Independent Director3.25yrsUS$153.50k0.053% $166.1k

7.2yrs

Average Tenure

70yo

Average Age

Experienced Board: UIHC's board of directors are considered experienced (7.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: United Insurance Holdings Corp.
  • Ticker: UIHC
  • Exchange: NasdaqCM
  • Founded: 1999
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: US$313.779m
  • Shares outstanding: 42.98m
  • 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 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. It also provides commercial multi-peril property insurance for residential condominium associations, as well as loss or damage to buildings, inventory, or equipment caused by covered cause of loss, such as fire, wind, hail, water, theft, and vandalism. In addition, the company offers flood, equipment breakdown, and identity theft policies. It markets and distributes its products through a network of independent agencies in Connecticut, Florida, Georgia, Hawaii, Louisiana, Massachusetts, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Texas. United Insurance Holdings Corp. was founded in 1999 and is headquartered in St. Petersburg, Florida. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/08 23:59
End of Day Share Price2020/07/08 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.