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Universal Insurance Stock Price, News & Analysis (NYSE:UVE)

$16.74
+0.04 (+0.24%)
(As of 01:50 PM ET)
Compare
Today's Range
$16.65
$16.87
50-Day Range
$12.91
$17.34
52-Week Range
$9.13
$20.15
Volume
63,836 shs
Average Volume
280,493 shs
Market Capitalization
$488.64 million
P/E Ratio
7.15
Dividend Yield
3.82%
Price Target
$21.00

Universal Insurance MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
25.7% Upside
$21.00 Price Target
Short Interest
Healthy
2.78% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.23
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$322,600 Sold Last Quarter
Proj. Earnings Growth
5.02%
From $2.19 to $2.30 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.76 out of 5 stars

Finance Sector

121st out of 856 stocks

Fire, Marine, & Casualty Insurance Industry

5th out of 50 stocks


UVE stock logo

About Universal Insurance Stock (NYSE:UVE)

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 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.

UVE Stock Price History

UVE Stock News Headlines

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See More Headlines
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Company Calendar

Last Earnings
10/26/2023
Today
11/29/2023
Ex-Dividend for 12/15 Dividend
12/07/2023
Dividend Payable
12/15/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/22/2024

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
Sector
Finance
CUSIP
91359V10
Employees
1,223
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$21.00
High Stock Price Target
$21.00
Low Stock Price Target
$21.00
Potential Upside/Downside
+25.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-22,260,000.00
Pretax Margin
7.08%

Debt

Sales & Book Value

Annual Sales
$1.22 billion
Cash Flow
$0.11 per share
Book Value
$10.33 per share

Miscellaneous

Free Float
24,020,000
Market Cap
$487.47 million
Optionable
Optionable
Beta
0.79
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Key Executives

  • Mr. Sean Patrick Downes (Age 53)
    Executive Chairman
    Comp: $1.57M
  • Mr. Stephen Joseph Donaghy (Age 58)
    CEO & Director
    Comp: $2.52M
  • Mr. Frank Crawford Wilcox (Age 57)
    Chief Financial Officer
    Comp: $848.86k
  • Ms. Kimberly Denice Campos (Age 45)
    Chief Information Officer, Chief Administrative Officer & Director
    Comp: $442.29k
  • Mr. Michael J. Poloskey (Age 52)
    Chief Operating Officer
  • Mr. Rob Luther
    Chief Investment Officer
  • Mr. Gary Lloyd Ropiecki
    Principal Accounting Officer & Secretary
  • Mr. Darryl Lamont Lewis (Age 58)
    Chief Legal Officer
    Comp: $58.33k
  • Mr. Jason M. Burns (Age 43)
    President of Blue Atlantic
  • Mr. Matthew John Palmieri (Age 43)
    Chief Risk Officer














UVE Stock Analysis - Frequently Asked Questions

Should I buy or sell Universal Insurance stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Universal Insurance in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" UVE shares.
View UVE analyst ratings
or view top-rated stocks.

What is Universal Insurance's stock price target for 2024?

1 analysts have issued 1-year price objectives for Universal Insurance's shares. Their UVE share price targets range from $21.00 to $21.00. On average, they predict the company's stock price to reach $21.00 in the next year. This suggests a possible upside of 25.7% from the stock's current price.
View analysts price targets for UVE
or view top-rated stocks among Wall Street analysts.

How have UVE shares performed in 2023?

Universal Insurance's stock was trading at $10.59 at the beginning of 2023. Since then, UVE shares have increased by 57.8% and is now trading at $16.71.
View the best growth stocks for 2023 here
.

Are investors shorting Universal Insurance?

Universal Insurance saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 726,600 shares, an increase of 27.0% from the October 31st total of 572,000 shares. Based on an average trading volume of 422,300 shares, the days-to-cover ratio is presently 1.7 days. Approximately 2.8% of the shares of the company are short sold.
View Universal Insurance's Short Interest
.

When is Universal Insurance's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our UVE earnings forecast
.

How were Universal Insurance's earnings last quarter?

Universal Insurance Holdings, Inc. (NYSE:UVE) announced its earnings results on Thursday, October, 26th. The insurance provider reported ($0.16) earnings per share for the quarter, beating analysts' consensus estimates of ($0.28) by $0.12. The insurance provider had revenue of $360.05 million for the quarter, compared to analyst estimates of $322.48 million. Universal Insurance had a trailing twelve-month return on equity of 21.95% and a net margin of 5.34%.

How often does Universal Insurance pay dividends? What is the dividend yield for Universal Insurance?

Universal Insurance announced a None dividend on Wednesday, November 15th. Investors of record on Friday, December 8th will be given a dividend of $0.29 per share on Friday, December 15th. This represents a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, December 7th.
Read our dividend analysis for UVE
.

Is Universal Insurance a good dividend stock?

Universal Insurance (NYSE:UVE) pays an annual dividend of $0.64 per share and currently has a dividend yield of 3.69%. The dividend payout ratio is 27.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UVE will have a dividend payout ratio of 27.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for UVE.

What ETFs hold Universal Insurance's stock?
What is Sean P. Downes' approval rating as Universal Insurance's CEO?

39 employees have rated Universal Insurance Chief Executive Officer Sean P. Downes on Glassdoor.com. Sean P. Downes has an approval rating of 84% among the company's employees.

What other stocks do shareholders of Universal Insurance own?

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

Who are Universal Insurance's major shareholders?

Universal Insurance's stock is owned by a number of institutional and retail investors. Top institutional shareholders include CWA Asset Management Group LLC (1.94%), Jacobs Levy Equity Management Inc. (1.49%), Charles Schwab Investment Management Inc. (1.47%), Acadian Asset Management LLC (1.16%), LSV Asset Management (1.07%) and AQR Capital Management LLC (0.91%). Insiders that own company stock include Francis Xavier Mccahill III, Frank Wilcox, Gary Lloyd Ropiecki, Jon Springer, Marlene Gordon, Michael Pietrangelo, Scott P Callahan, Sean P Downes and Stephen Donaghy.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:UVE) was last updated on 11/29/2023 by MarketBeat.com Staff

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