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:
Below please find a table outlining a discounted cash flow forecast for UIHC, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that United Insurance Holdings Corp ranked in the 59th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. The most interesting components of our discounted cash flow analysis for United Insurance Holdings Corp ended up being:
United Insurance Holdings Corp's weighted average cost of capital (WACC) is 13%; for context, that number is higher than 86.65% 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 -8.67. This coverage rate is greater than that of only 8.89% of stocks we're observing for the purpose of forecasting via discounted cash flows.
As a business, United Insurance Holdings Corp experienced a tax rate of about 21% over the past twelve months; relative to its sector (Financial Services), this tax rate is higher than 87.65% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of United Insurance Holdings Corp? See JHG, KMPR, PRI, CNA, and AINV.
Shares of United Insurance Holdings Inc (NASDAQ:UIHC) gained by 6.4% from the previous closing price. A Form 4 filing filed with the SEC on Wednesday, December 23 showed that Maroney Patrick bought 9,400 shares at an average price of $5.19. The transaction moved the executive's stake in United Insurance Holdings Inc. to 32,150 shares.Why Insider Transactions Are Important? While transactions from an insider shouldn't be used as the sole item to make an investment or trading decision, an insider buying or selling stock in their company can be a good added factor that leads to more conviction in a decision.Insiders buying stock after a notable sell off can indicate an insider's long-term belief in the success of the company; insiders buying stock at new highs can be an indication the exec...
ST. PETERSBURG, Fla.--(BUSINESS WIRE)---- $UIHC--United Insurance Holdings Corp. (NASDAQ: UIHC), a property and casualty insurance holding company (“UPC”) and HCI Group, Inc. (NYSE: HCI), an InsurTech company with operations in insurance, software development and real estate (“HCI”), have reached an agreement in principle to transfer UPC’s personal lines business in four Northeast states of Connecticut, New Jersey, Massachusetts, and Rhode Island to HCI. UPC, and its wholly owned subsidiaries, United Pro
ST. PETERSBURG, Fla.--(BUSINESS WIRE)---- $UIHC--United Insurance Holdings Corp. (NASDAQ: UIHC) (UPC Insurance or the Company), a property and casualty insurance holding company, today announced estimated current year catastrophe losses incurred from October 1, 2020 to November 30, 2020 between $85 million and $100 million before income taxes (approximately $67 million to $79 million after tax), net of expected reinsurance recoveries. The Company’s fourth quarter catastrophe losses through November 30, 2
In this article we are going to use hedge fund sentiment as a tool and determine whether United Insurance Holdings Corp. (NASDAQ:UIHC) is a good investment right now. We like to analyze hedge fund sentiment before conducting days of in-depth research. We do so because hedge funds and other elite investors have numerous Ivy League […]
United Insurance Holdings Corp. (Nasdaq: UIHC) (UPC Insurance or the Company), a property and casualty insurance holding company, announced today that it has bound terms that expand its current quota share reinsurance program for United Property & Casualty Insurance Company (UPC) and Family Security Insurance Company (FSIC) from the current cession rate of 22.5% to 30.5% effective December 31, 2020. A quota share cession of 23.0% was secured through May 31, 2022, with the remaining 7.5% pending renewal at June 1, 2021. The Company also bound quota share reinsurance coverage for American Coastal Insurance Company at a cession rate of 23% also effective December 31, 2020, and expiring May 31, 2022.