Universal Insurance (UVE) to Release Earnings on Thursday

Universal Insurance (NYSE:UVE - Get Free Report) is anticipated to release its Q2 2025 earnings data after the market closes on Thursday, July 24th. Analysts expect Universal Insurance to post earnings of $1.09 per share and revenue of $359.98 million for the quarter.

Universal Insurance (NYSE:UVE - Get Free Report) last issued its earnings results on Thursday, April 24th. The insurance provider reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.32. Universal Insurance had a net margin of 4.31% and a return on equity of 15.73%. The business had revenue of $394.87 million for the quarter, compared to analyst estimates of $354.97 million. On average, analysts expect Universal Insurance to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Universal Insurance Price Performance

Shares of Universal Insurance stock opened at $24.88 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.50 and a current ratio of 0.50. The firm's 50-day simple moving average is $26.34 and its 200-day simple moving average is $23.13. Universal Insurance has a twelve month low of $16.50 and a twelve month high of $28.49. The firm has a market cap of $700.26 million, a P/E ratio of 10.86 and a beta of 0.86.

Universal Insurance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Friday, August 1st will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a $0.64 dividend on an annualized basis and a yield of 2.57%. Universal Insurance's dividend payout ratio (DPR) is presently 27.95%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Universal Insurance from a "buy" rating to a "strong-buy" rating in a research report on Monday, April 28th.

Insider Activity at Universal Insurance

In other news, Chairman Sean P. Downes sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $26.91, for a total value of $672,750.00. Following the completion of the transaction, the chairman owned 926,667 shares in the company, valued at $24,936,608.97. This represents a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jon Springer sold 30,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $27.06, for a total transaction of $811,800.00. Following the completion of the transaction, the director owned 301,835 shares of the company's stock, valued at $8,167,655.10. This trade represents a 9.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,393 shares of company stock valued at $2,687,275 in the last ninety days. Insiders own 16.60% of the company's stock.

Institutional Trading of Universal Insurance

A number of large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Universal Insurance by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,976 shares of the insurance provider's stock valued at $331,000 after purchasing an additional 630 shares during the period. Strs Ohio bought a new position in shares of Universal Insurance in the first quarter valued at about $180,000. Jane Street Group LLC raised its position in shares of Universal Insurance by 73.1% in the first quarter. Jane Street Group LLC now owns 81,829 shares of the insurance provider's stock valued at $1,939,000 after purchasing an additional 34,556 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Universal Insurance by 9.4% in the first quarter. Goldman Sachs Group Inc. now owns 805,199 shares of the insurance provider's stock valued at $19,083,000 after purchasing an additional 69,289 shares during the period. Finally, Millennium Management LLC raised its position in shares of Universal Insurance by 171.5% in the first quarter. Millennium Management LLC now owns 343,786 shares of the insurance provider's stock valued at $8,148,000 after purchasing an additional 217,184 shares during the period. Institutional investors and hedge funds own 66.61% of the company's stock.

Universal Insurance Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.