NYSE:UVE

Universal Insurance (UVE) Stock Forecast, Price & News

$14.02

+0.27 (+1.96%)

(As of 09/29/2023 ET)

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Today's Range: $13.60
▼
$14.03
50-Day Range: $12.03
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$16.13
52-Week Range: $8.39
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$20.15

Volume: 431,621 shs
Average Volume: 820,681 shs
Market Capitalization: $422.00 million

P/E Ratio: 77.89
Dividend Yield: 4.56%
Price Target: $22.00

Universal Insurance MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 56.9% Upside
$22.00 Price Target
Short Interest: Bearish
5.31% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -1.23
Upright™ Environmental Score
News Sentiment: 0.30
Based on 2 Articles This Week
Insider Trading: Selling Shares
$292,000 Sold Last Quarter
Proj. Earnings Growth: 20.00%
From $2.00 to $2.40 Per Share

Overall MarketRank^™

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

2.79 out of 5 stars

Finance Sector

150th out of 879 stocks

Fire, Marine, & Casualty Insurance Industry

8th out of 48 stocks

3.5

Analyst's Opinion

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.
Price Target Upside/Downside
According to analysts' consensus price target of $22.00, Universal Insurance has a forecasted upside of 56.9% from its current price of $14.02.
Amount of Analyst Coverage
Universal Insurance has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
5.31% 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 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Universal Insurance has recently increased by 57.59%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Leadership
Universal Insurance is a leading dividend payer. It pays a dividend yield of 4.56%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Universal Insurance does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Universal Insurance is 355.56%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Universal Insurance will have a dividend payout ratio of 26.67% next year. This indicates that Universal Insurance will be able to sustain or increase its dividend.

1.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Universal Insurance has received a -6.10% net impact score from Upright. Universal Insurance uses resources or causes negative impacts mostly in categories "Scarce human capital", "GHG emissions", and "Physical diseases". The negative contribution in the "GHG emissions" impact category seems to be driven mostly by its "Passenger car insurance services for individuals", "Motorcycle insurance services for individuals", and "Basic home insurance services for individuals" products. See details.
Environmental Sustainability
The Environmental Impact score for Universal Insurance is -1.23.

1.8

News and Social Media Coverage

News Sentiment
Universal Insurance has a news sentiment score of 0.30. 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 lower news sentiment than the 0.70 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Universal Insurance this week, compared to 2 articles on an average week.
MarketBeat Follows
2 people have added Universal Insurance to their MarketBeat watchlist in the last 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Universal Insurance insiders have sold 383.84% more of their company's stock than they have bought. Specifically, they have bought $60,350.00 in company stock and sold $292,000.00 in company stock.
Percentage Held by Insiders
17.70% 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
66.43% of the stock of Universal Insurance is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Universal Insurance are expected to grow by 20.00% in the coming year, from $2.00 to $2.40 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Universal Insurance is 77.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.24.
Price to Earnings Ratio vs. Sector
The P/E ratio of Universal Insurance is 77.89, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 59.23.
Price to Book Value per Share Ratio
Universal Insurance has a P/B Ratio of 1.49. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Universal Insurance (NYSE:UVE) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

UVE Stock News Headlines

September 12, 2023 | marketbeat.com

Airbnb Joins the S&P 500, Time to Buy In? (UVE)

Digital lodging platform Airbnb Inc. (NASDAQ: ABNB) shares gained over 7% on news of being added to the S&P 500 index on Sept. 18, 2023. It will

September 26, 2023 | americanbankingnews.com

Universal Insurance (NYSE:UVE) Lowered to "Buy" at StockNews.com

October 1, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.

September 25, 2023 | forbes.com

Best Universal Life Insurance Companies Of September 2023

September 21, 2023 | americanbankingnews.com

Universal Insurance (NYSE:UVE) Stock Price Crosses Below 200 Day Moving Average of $15.87

September 20, 2023 | finance.yahoo.com

Universal Insurance Holdings, Inc. (NYSE:UVE) is a favorite amongst institutional investors who own 67%

September 15, 2023 | msn.com

The plan to offer universal broadband access in Virginia by 2028

September 14, 2023 | investing.com

Universal Insurance Company PLC (UNIVINS)

October 1, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.

September 6, 2023 | markets.businessinsider.com

Penn Mutual expands offerings with Survivorship Protection Variable Universal Life

August 24, 2023 | marketwatch.com

Understanding Guaranteed Universal Life Insurance (2023)

August 18, 2023 | finance.yahoo.com

Are Poor Financial Prospects Dragging Down Universal Insurance Holdings, Inc. (NYSE:UVE Stock?

July 30, 2023 | finance.yahoo.com

Universal Insurance Holdings, Inc. (NYSE:UVE) Q2 2023 Earnings Call Transcript

July 29, 2023 | finance.yahoo.com

Q2 2023 Universal Insurance Holdings Inc Earnings Call

July 27, 2023 | businesswire.com

Universal Reports Second Quarter 2023 Results

July 25, 2023 | msn.com

Pros and Cons of Indexed Universal Life Insurance

July 18, 2023 | usatoday.com

Understanding guaranteed universal life insurance

July 17, 2023 | msn.com

How to Choose Permanent Life Insurance Policies

July 14, 2023 | bizjournals.com

Universal files patent to improve virtual-reality theme park rides with real-life impressions

July 13, 2023 | finance.yahoo.com

Universal Announces Second Quarter 2023 Earnings Release and Conference Call Dates

July 7, 2023 | msn.com

Types of Life Insurance Plans and How to Decide Which One Is Right for You

July 7, 2023 | technews.tmcnet.com

AM Best Revises Outlooks to Stable for Universal Insurance Company; Affirms Credit Ratings of Universal Life Insurance Company

June 23, 2023 | benzinga.com

Massive Insider Trade At Universal Insurance Hldgs

June 22, 2023 | msn.com

Variable universal life insurance

June 16, 2023 | benzinga.com

Universal Insurance Hldgs Insider Trades Send a Signal

June 12, 2023 | finance.yahoo.com

Universal Announces New $20 Million Share Repurchase Authorization

June 9, 2023 | finance.yahoo.com

UVE - Universal Insurance Holdings, Inc.

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UVE Company Calendar

Last Earnings: 7/27/2023
Ex-Dividend for 8/11 Dividend: 8/03/2023
Dividend Payable: 8/11/2023
Today: 10/01/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Fire, marine, & casualty insurance
Sub-Industry: Property & Casualty Insurance
Sector: Finance
Current Symbol: NYSE:UVE
CUSIP: 91359V10
CIK: 891166
Web: www.universalinsuranceholdings.com
Phone: (954) 958-1200
Fax: 302-636-5454
Employees: 1,223
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $22.00
High Stock Price Forecast: $22.00
Low Stock Price Forecast: $22.00
Forecasted Upside/Downside: +56.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.18
Trailing P/E Ratio: 77.89
Forward P/E Ratio: 7.01
P/E Growth: N/A
Net Income: $-22,260,000.00
Net Margins: 0.43%
Pretax Margin: 0.76%
Return on Equity: 1.20%
Return on Assets: 0.13%

Debt

Debt-to-Equity Ratio: 0.31
Current Ratio: 0.65
Quick Ratio: 0.65

Sales & Book Value

Annual Sales: $1.22 billion
Price / Sales: 0.35
Cash Flow: $0.11 per share
Price / Cash Flow: 122.02
Book Value: $9.44 per share
Price / Book: 1.49

Miscellaneous

Outstanding Shares: 30,100,000
Free Float: 24,772,000
Market Cap: $422.00 million
Optionable: Optionable
Beta: 0.90

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Key Executives

Mr. Sean Patrick Downes (Age 53)
Exec. 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 Admin. 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 & Sec.

Mr. Darryl Lamont Lewis (Age 58)
Chief Legal Officer

Mr. Jason M. Burns (Age 43)
Pres of Blue Atlantic

Mr. Matthew John Palmieri (Age 43)
Chief Risk Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

UVE Stock - 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 forecast for 2023?: 1 Wall Street analysts have issued twelve-month price targets for Universal Insurance's stock. Their UVE share price forecasts range from $22.00 to $22.00. On average, they anticipate the company's share price to reach $22.00 in the next twelve months. This suggests a possible upside of 56.9% 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 the year. Since then, UVE shares have increased by 32.4% and is now trading at $14.02.
View the best growth stocks for 2023 here.
Are investors shorting Universal Insurance?: Universal Insurance saw a increase in short interest in August. As of August 31st, there was short interest totaling 907,400 shares, an increase of 41.4% from the August 15th total of 641,600 shares. Based on an average daily trading volume, of 242,200 shares, the days-to-cover ratio is currently 3.7 days. Currently, 3.4% of the company's shares are sold short.
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, October 26th 2023.
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, July, 27th. The insurance provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.09. The insurance provider had revenue of $339.57 million for the quarter, compared to the consensus estimate of $324.79 million. Universal Insurance had a net margin of 0.43% and a trailing twelve-month return on equity of 1.20%.
How often does Universal Insurance pay dividends? What is the dividend yield for Universal Insurance?: Universal Insurance announced a quarterly dividend on Thursday, July 20th. Stockholders of record on Friday, August 4th will be paid a dividend of $0.16 per share on Friday, August 11th. This represents a $0.64 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend is Thursday, August 3rd.
Read our dividend analysis for UVE.
What ETFs hold Universal Insurance's stock?: ETFs with the largest weight of Universal Insurance (NYSE:UVE) stock in their portfolio include ETC 6 Meridian Small Cap Equity ETF (SIXS), Invesco S&P SmallCap 600 Pure Value ETF (RZV) and Invesco KBW Property & Casualty Insurance ETF (KBWP).ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL).

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 4.56%. UVE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 355.56%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, UVE will have a dividend payout ratio of 26.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for UVE.
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).
What is Universal Insurance's stock symbol?: Universal Insurance trades on the New York Stock Exchange (NYSE) under the ticker symbol "UVE."
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.
What is Universal Insurance's stock price today?: One share of UVE stock can currently be purchased for approximately $14.02.
How much money does Universal Insurance make?: Universal Insurance (NYSE:UVE) has a market capitalization of $422.00 million and generates $1.22 billion in revenue each year. The insurance provider earns $-22,260,000.00 in net income (profit) each year or $0.18 on an earnings per share basis.
How many employees does Universal Insurance have?: The company employs 1,223 workers across the globe.
How can I contact Universal Insurance?: Universal Insurance's mailing address is 1110 WEST COMMERCIAL BOULEVARD SUITE 100, FORT LAUDERDALE FL, 33309. The official website for the company is www.universalinsuranceholdings.com. The insurance provider can be reached via phone at (954) 958-1200, via email at rluther@universalproperty.com, or via fax at 302-636-5454.

This page (NYSE:UVE) was last updated on 10/1/2023 by MarketBeat.com Staff

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