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:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for United Insurance Holdings Corp. To summarize, we found that United Insurance Holdings Corp ranked in the 69th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 173.33%. As for the metrics that stood out in our discounted cash flow analysis of United Insurance Holdings Corp, consider:
United Insurance Holdings Corp's weighted average cost of capital (WACC) is 13%; for context, that number is higher than 83.57% 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 -1.87. This coverage rate is greater than that of just 17.32% 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 77.49% 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 ORI, SIGI, WRLD, SG, and FNHC.
ST. PETERSBURG, Fla.--(BUSINESS WIRE)---- $UIHC--United Insurance Holdings Corp. (Nasdaq: UIHC) (UPC Insurance or the Company), a property and casualty insurance holding company, today reported its financial results for the second quarter ended June 30, 2020. ($ in thousands, except for per share data) Three Months Ended Six Months Ended June 30, June 30, 2020 2019 Change 2020 2019 Change Gross premiums written $ 439,651 $ 449,762 (2.2 )% $ 774,834 $ 768,321 0.8
United Insurance Holdings Corp. (Nasdaq: UIHC) (UPC Insurance or the Company), a property and casualty insurance holding company, announced today that it expects to release its financial results for the second quarter ended June 30, 2020, on Wednesday, August 5, 2020 after the close of the market and will conduct its quarterly conference call to discuss those results and review the outlook for the Company at 5:00 p.m. ET on Wednesday, August 5, 2020. The Company invites interested parties to participate in the conference call.