UIHC insurance will release financial result Q4 February 27 2013

UIHC insurance will release financial result Q4 February 27 2013 :  United Insurance Holdings Corp. (Nasdaq: UIHC) (the Company), a property and casualty insurance holding company, announced today that it expects to release its financial results for the fourth quarter and year ended December 31, 2012, after the market closes on Wednesday, February 27, 2013. The Company will conduct its quarterly conference call to discuss those results and review the outlook for the Company on Thursday, February 28, 2013, at 10:00 a.m. ET. The Company invites interested parties to participate in the conference call.

Webcast

To listen to the live webcast, please go to www.upcic.com (“Events and Presentations”) and click on the conference call link, or go to: http://upcic.equisolvewebcast.com. This webcast will be archived and accessible through the Company’s website for approximately 30 days following the call.

About UIHC and UPC Insurance

Founded in 1999, UIHC is an insurance holding company that sources, writes and services residential property and casualty insurance policies using a network of independent agents and a group of wholly owned insurance subsidiaries. UPC Insurance, the primary operating subsidiary of UIHC, writes and services property and casualty insurance in Florida, South Carolina, Massachusetts and Rhode Island and was recently licensed to write in North Carolina. From its headquarters in St. Petersburg, UPC Insurance’s team of dedicated professionals manages a completely integrated insurance company, including sales, underwriting, customer service and claims.

UIHC Stock buy rating prices target $8.00

UIHC Stock buy rating prices target $8.00 : Sterne Agee initiated coverage on shares of United Insurance Holdings Corp. (NASDAQ: UIHC) in a research note released on Friday morning. The firm issued a buy rating and a $8.00 price target on the stock.

“UIHC has a strong underwriting track record providing homeowners coverage in FL and is well positioned to expand in catastrophe/wind-exposed regions given its expertise and current pricing momentum. We feel valuation at 98% of 4Q12E TBV is attractive given growth opportunities and our expectation of improving earnings (to mid/high teens ROE).,” the firm’s analyst wrote.

Shares of United Insurance Holdings Corp. traded up 4.42% during mid-day trading on Friday, hitting $5.90. United Insurance Holdings Corp. has a 52 week low of $4.05 and a 52 week high of $6.10. The company has a market cap of $61.6 million and a P/E ratio of 4.90.

The company also recently announced a quarterly dividend, which is scheduled for Monday, December 31st. Stockholders of record on Friday, December 28th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.03%.

Separately, analysts at Raymond James initiated coverage on shares of United Insurance Holdings Corp. in a research note to investors on Friday. They set an outperform rating on the stock.

UIHC dividend per share cash on December 31, 2012

Best Insurance Stock - UIHC dividend per share cash on December 31, 2012 : United Insurance Holdings  dividend per share cash on December 31, 2012 : United Insurance Holdings Corp. (Nasdaq: UIHC) (United or the Company), a property and casualty insurance holding company, today announced that its Board of Directors declared a cash dividend of $0.03 per share of common stock outstanding, payable in cash on December 31, 2012 to shareholders of record on December 28, 2012.

John Forney, Chief Executive Officer of United, stated, “We have been very pleased with United’s growth over the past year and the completion of our recent financing. We want to strike a balance between providing our shareholders ongoing cash returns and using our capital to support the growth opportunities we have in the market. We think this dividend, which we intend to issue quarterly, balances those considerations. We are supported by a strong balance sheet, and look forward to continuing profitable growth in the coming year.”

About United Insurance Holdings Corp.
Founded in 1999, United Property and Casualty Insurance Company, a subsidiary of United Insurance Holdings Corp., writes and services property and casualty insurance in Florida, South Carolina, Massachusetts and Rhode Island and is licensed to write in North Carolina. From its headquarters in St. Petersburg, United's team of dedicated professionals manages a completely integrated insurance company, including sales, underwriting, customer service and claims. The Company distributes its homeowners, dwelling fire and flood products through many agency groups and conducts business through four wholly-owned subsidiaries. Homeowners insurance constitutes the majority of United's premiums and policies.

Contacts

United Insurance Holdings Corp.
John Rohloff, 727-895-7737
SEC Reporting Manager
jrohloff@upcic.com
or
INVESTOR RELATIONS:
The Equity Group
Adam Prior, 212-836-9606
Vice President
aprior@equityny.com
or
Terry Downs, 212-836-9615
Account Executive
tdowns@equityny.com