United Insurance Holdings
Market Cap
US$247.7m
Last Updated
2021/01/19 23:28 UTC
Data Sources
Company Financials +
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. More Details
Rewards
Risk Analysis
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: UIHC's weekly volatility (10%) has been stable over the past year.
Market Performance
7 Day Return
-3.2%
UIHC
0.4%
US Insurance
0.3%
US Market
1 Year Return
-46.9%
UIHC
-3.2%
US Insurance
21.1%
US Market
Return vs Industry: UIHC underperformed the US Insurance industry which returned -4.7% over the past year.
Return vs Market: UIHC underperformed the US Market which returned 19.5% over the past year.
Shareholder returns
| UIHC | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.2% | 0.4% | 0.3% |
| 30 Day | 12.3% | 3.7% | 3.3% |
| 90 Day | 15.5% | 15.4% | 14.2% |
| 1 Year | -45.0%-46.9% | -0.4%-3.2% | 23.8%21.1% |
| 3 Year | -68.5%-70.5% | 12.7%4.1% | 45.0%35.4% |
| 5 Year | -58.7%-62.3% | 74.6%52.5% | 127.7%102.3% |
Long-Term 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
1 month ago | Simply Wall St
Have Insiders Been Buying United Insurance Holdings Corp. (NASDAQ:UIHC) Shares?2 months ago | Simply Wall St
Are Dividend Investors Making A Mistake With United Insurance Holdings Corp. (NASDAQ:UIHC)?3 months ago | Simply Wall St
Do Insiders Own Lots Of Shares In United Insurance Holdings Corp. (NASDAQ:UIHC)?Valuation
Is United Insurance Holdings undervalued compared to its fair value and its price relative to the market?
0.54x
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 US 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 (0.5x) compared to the US Insurance industry average (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?
106.2%
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%).
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 is expected to decline over the next 3 years (-1.9% per year).
High Growth Revenue: UIHC's revenue is forecast to decline over the next 3 years (-1.9% 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 (8.9%).
Next Steps
Past Performance
How has United Insurance Holdings performed over the past 5 years?
-63.0%
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 63% 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 (5.9%).
Return on Equity
High ROE: UIHC has a negative Return on Equity (-14.72%), 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 ($1.7B) do not cover its short term liabilities ($2.3B).
Long Term Liabilities: UIHC's short term assets ($1.7B) exceed its long term liabilities ($297.8M).
Debt to Equity History and Analysis
Debt Level: UIHC's debt to equity ratio (33.2%) is considered satisfactory.
Reducing Debt: UIHC's debt to equity ratio has increased from 5.6% to 33.2% over the past 5 years.
Debt Coverage: UIHC's debt is well covered by operating cash flow (54.1%).
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?
4.17%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: UIHC's dividend (4.17%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: UIHC's dividend (4.17%) is in the top 25% of dividend payers in the US market (3.85%)
Stability and Growth of Payments
Stable Dividend: UIHC has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: UIHC's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: UIHC is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: UIHC's dividends in 3 years are forecast to be well covered by earnings (34.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.0yrs
Average management tenure
CEO
Dan Peed (57 yo)
0.50
Tenure
US$153,500
Compensation
Mr. Robert Daniel Peed has served as UPC Insurance's Chief Executive Officer and Chairman of the Board since July of 2020. Mr. Peed has served as a member of the Board since 2017. Mr. Peed served on the bo...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 0.50yr | US$153.50k | no data | |
| President & CFO | 0.50yr | US$980.89k | 0.14% $ 349.1k | |
| Chief Claims Officer | 4.42yrs | US$636.00k | 0.043% $ 106.0k | |
| VP & Chief Information Officer | 2.25yrs | no data | 0.0018% $ 4.5k | |
| General Counsel | 1.92yrs | no data | 0.0015% $ 3.8k | |
| Senior Vice President of Sales & Agency Relations | 0.33yr | no data | no data | |
| Chief Talent Officer | 1yr | no data | 0.019% $ 45.9k | |
| Chief Underwriting Officer & Chief Risk Officer | 0.33yr | no data | 0.052% $ 128.7k | |
| Interim Vice President of Claims | 4.58yrs | no data | no data |
1.0yrs
Average Tenure
52yo
Average Age
Experienced Management: UIHC's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 0.50yr | US$153.50k | no data | |
| Independent Director | 7.67yrs | US$163.50k | 0.41% $ 1.0m | |
| Independent Lead Director | 3.42yrs | US$163.50k | 1.43% $ 3.5m | |
| Independent Chairman Emeritus & Director | 0.50yr | US$198.50k | 5.17% $ 12.8m | |
| Independent Director | 8.83yrs | US$153.50k | 1.78% $ 4.4m | |
| Independent Director | 12.33yrs | US$164.75k | 0.71% $ 1.8m | |
| Independent Director | 8.83yrs | US$163.50k | 0.63% $ 1.6m | |
| Independent Director | 3.75yrs | US$153.50k | 0.41% $ 1.0m | |
| Independent Director | 3.75yrs | US$153.50k | 0.075% $ 184.9k |
3.8yrs
Average Tenure
70yo
Average Age
Experienced Board: UIHC's board of directors are considered experienced (3.8 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$247.712m
- Shares outstanding: 43.08m
- Website: https://www.upcinsurance.com
Number of Employees
Location
- United Insurance Holdings Corp.
- 800 2nd Avenue South
- St. Petersburg
- Florida
- 33701
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| UIHC | NasdaqCM (Nasdaq Capital Market) | Yes | Common Stock | US | USD | Oct 2008 |
| 0UI | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Oct 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/19 23:28 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.