United Insurance Holdings Corp. (UIHC) Company Bio
United Insurance Holdings Corporation writes and services residential property and casualty insurance policies using a network of independent agents and a group of wholly owned insurance subsidiaries. The company was founded in 1999 and is based in St. Petersburg, FL.
UIHC Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for United Insurance Holdings Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that United Insurance Holdings Corp ranked in the 75th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. In terms of the factors that were most noteworthy in this DCF analysis for UIHC, they are:
United Insurance Holdings Corp's weighted average cost of capital (WACC) is 11%; for context, that number is higher than 82.43% of tickers in our DCF set.
United Insurance Holdings Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -5.25. This coverage rate is greater than that of only 9.76% of stocks we're observing for the purpose of forecasting via discounted cash flows.
The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than 77.53% of stocks in its sector (Financial Services).
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Financial Services that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as UIHC, try ATAX, DGICA, ADS, EV, and IVZ.
It is now my pleasure to introduce your host, Adam Prior of The Equity Group. In addition, UPC insurance has made this broadcast available on its website as well. Except with respect to historical information, statements made in this conference call constitute forward-looking statements within the meaning of the federal securities laws, including statements relating to trends in the company's operations and financial results, and the business and the product of the company and its subsidiaries.
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--United Insurance Holdings Corp. (Nasdaq: UIHC) (UPC Insurance or the Company), a property and casualty insurance holding company, today reported its financial results for the first quarter ended March 31, 2020. ($ in thousands, except for per share data) Three Months Ended March 31, 2020 2019 Change Gross premiums written $ 335,183 $ 318,559 5.2 % Gross premiums earned $ 344,619 $ 311,813 10.5 % Net premiums earned $ 191,596
United Insurance Holdings Corp. (Nasdaq: UIHC) (UPC Insurance or the Company), a property and casualty insurance holding company, announced today that its Board of Directors declared a cash dividend of $0.06 per share of common stock outstanding, payable in cash on May 26, 2020 to shareholders of record on May 19, 2020.