Universal Insurance (UVE) Stock Price, News & Analysis

Company Overview

Universal Insurance Holdings, Inc., together with its subsidiaries, operates as an integrated insurance holding company in the United States. It develops, markets, and underwrites insurance products for personal residential insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire; and offers allied lines, coverage for other structures, and personal property, liability, and personal articles coverages. The company also advises on actuarial issues, oversees distribution, administers claims payments, performs policy administration and underwriting, and assists with reinsurance negotiations; places and manages reinsurance programs for the insurance entities; and operates Clovered.com, a digital agency for various carrier partners and utilization of digital applications for adjusting claims. It offers its products through a network of independent agents, as well as direct-to-consumer online solutions, including digital insurance agency. The company was formerly known as Universal Heights, Inc. and changed its name to Universal Insurance Holdings, Inc. in January 2001. Universal Insurance Holdings, Inc. was incorporated in 1990 and is headquartered in Fort Lauderdale, Florida.

Key Stats

• Today's Range: $21.86 to $22.51
• 50-Day Range: $18.47 to $22.76
• 52-Week Range: $12.86 to $23.27
• Volume: 482,005 shs
• Average Volume: 178,646 shs
• Market Capitalization: $623.43 million
• P/E Ratio: 8.58
• Dividend Yield: 2.92%
• Price Target: $25.00
• Consensus Rating: Buy

Universal Insurance Stock Analysis - MarketRank™

Universal Insurance scored higher than 98% of companies evaluated by MarketBeat, and ranked 27th out of 904 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Universal Insurance has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Universal Insurance has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 15.22%

Earnings Growth

Earnings for Universal Insurance are expected to grow by 15.22% in the coming year, from $2.30 to $2.65 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Universal Insurance is 8.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.55.

Price to Earnings Ratio vs. Sector

The P/E ratio of Universal Insurance is 8.58, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.58.

Price to Book Value per Share Ratio

Universal Insurance has a P/B Ratio of 1.87. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.33% of the float of Universal Insurance has been sold short.

Short Interest Ratio / Days to Cover

Universal Insurance has a short interest ratio ("days to cover") of 5.

Change versus previous month

Short interest in Universal Insurance has recently decreased by 10.95%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Universal Insurance pays a meaningful dividend of 2.97%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Universal Insurance does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Universal Insurance is 25.10%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Universal Insurance will have a dividend payout ratio of 24.15% next year. This indicates that Universal Insurance will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.9 / 5
• Environmental Score: -1.23

Percentage of Shares Shorted

3.33% of the float of Universal Insurance has been sold short.

Short Interest Ratio / Days to Cover

Universal Insurance has a short interest ratio ("days to cover") of 5.

Change versus previous month

Short interest in Universal Insurance has recently decreased by 10.95%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 0.78

News Sentiment

Universal Insurance has a news sentiment score of 0.78. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Universal Insurance this week, compared to 2 articles on an average week.

Search Interest

3 people have searched for UVE on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

MarketBeat Follows

3 people have added Universal Insurance to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Universal Insurance insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,122,102.00 in company stock.

Percentage Held by Insiders

17.50% of the stock of Universal Insurance is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

66.61% of the stock of Universal Insurance is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

UVE Stock Analysis - Frequently Asked Questions

How have UVE shares performed this year?

Universal Insurance's stock was trading at $15.98 at the beginning of the year. Since then, UVE shares have increased by 37.0% and is now trading at $21.89.
View the best growth stocks for 2024 here.

How were Universal Insurance's earnings last quarter?

Universal Insurance Holdings, Inc. (NYSE:UVE) released its earnings results on Thursday, July, 25th. The insurance provider reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.03. The insurance provider earned $380.21 million during the quarter, compared to analyst estimates of $340.09 million. Universal Insurance had a trailing twelve-month return on equity of 21.14% and a net margin of 5.60%.

Who are Universal Insurance's major shareholders?

Universal Insurance's top institutional shareholders include Donald Smith & CO. Inc. (5.51%), Dimensional Fund Advisors LP (5.23%), American Century Companies Inc. (1.63%) and Bank of Montreal Can (1.31%). Insiders that own company stock include Sean P Downes, Stephen Donaghy, Jon Springer, Michael Pietrangelo, Scott P Callahan, Francis Xavier Mccahill III, Gary Lloyd Ropiecki, Frank Wilcox and Marlene Gordon.
View institutional ownership trends.

How do I buy shares of Universal Insurance?

Shares of UVE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Universal Insurance own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Universal Insurance investors own include Evolent Health (EVH), Starbucks (SBUX), AT&T (T), Netflix (NFLX), Twitter (TWTR), Verizon Communications (VZ) and Broadcom (AVGO).

Company Calendar

• Last Earnings: 7/25/2024
• Ex-Dividend for 8/9 Dividend: 8/02/2024
• Dividend Payable: 8/09/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 10/24/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Fire, marine, & casualty insurance
• Sub-Industry: Property & Casualty Insurance
• Current Symbol: NYSE:UVE
• CUSIP: 91359V10
• CIK: 891166
• Web: www.universalinsuranceholdings.com
• Phone: (954) 958-1200
• Fax: 302-636-5454
• Employees: 1,244
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $25.00
• High Stock Price Target: $25.00
• Low Stock Price Target: $25.00
• Potential Upside/Downside: +11.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.55
• Trailing P/E Ratio: 8.79
• Forward P/E Ratio: 9.75
• P/E Growth: N/A
• Net Income: $66.82 million
• Net Margins: 5.60%
• Pretax Margin: 7.64%
• Return on Equity: 21.14%
• Return on Assets: 3.06%

Debt

• Debt-to-Equity Ratio: 0.26
• Current Ratio: 0.54
• Quick Ratio: 0.54

Sales & Book Value

• Annual Sales: $1.39 billion
• Price / Sales: 0.46
• Cash Flow: $2.61 per share
• Price / Cash Flow: 8.58
• Book Value: $11.69 per share
• Price / Book: 1.92

Miscellaneous

• Outstanding Shares: 28,480,000
• Free Float: 23,760,000
• Market Cap: $638.52 million
• Optionable: Optionable
• Beta: 0.89