NYSE:UVE Universal Insurance (UVE) Stock Forecast, Price & News $14.02 +0.27 (+1.96%) (As of 09/29/2023 ET) Add Compare Share Share Today's Range$13.60▼$14.0350-Day Range$12.03▼$16.1352-Week Range$8.39▼$20.15Volume431,621 shsAverage Volume820,681 shsMarket Capitalization$422.00 millionP/E Ratio77.89Dividend Yield4.56%Price Target$22.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Universal Insurance MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside56.9% Upside$22.00 Price TargetShort InterestBearish5.31% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-1.23Upright™ Environmental ScoreNews Sentiment0.30Based on 2 Articles This WeekInsider TradingSelling Shares$292,000 Sold Last QuarterProj. Earnings Growth20.00%From $2.00 to $2.40 Per ShareSee Full Details Hide Full Details 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 starsFinance Sector150th out of 879 stocksFire, Marine, & Casualty Insurance Industry8th out of 48 stocks 3.5 Analyst's Opinion Consensus RatingUniversal 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/DownsideAccording 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 CoverageUniversal Insurance has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted5.31% of the float of Universal Insurance has been sold short.Short Interest Ratio / Days to CoverUniversal 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 monthShort interest in Universal Insurance has recently increased by 57.59%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipUniversal 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 GrowthUniversal Insurance does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Universal Insurance is 355.56%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased 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. Previous Next 1.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreUniversal 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 SustainabilityThe Environmental Impact score for Universal Insurance is -1.23. Previous Next 1.8 News and Social Media Coverage News SentimentUniversal 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 WeekMarketBeat has tracked 2 news articles for Universal Insurance this week, compared to 2 articles on an average week.MarketBeat Follows2 people have added Universal Insurance to their MarketBeat watchlist in the last 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn 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 Insiders17.70% 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 Institutions66.43% of the stock of Universal Insurance is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe 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. SectorThe 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 RatioUniversal 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. Previous Next See Top Rated MarketRank™ Stocks Here About Universal Insurance (NYSE:UVE) StockUniversal 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.Read More UVE Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart UVE Stock News HeadlinesSeptember 12, 2023 | marketbeat.comAirbnb 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 willSeptember 26, 2023 | americanbankingnews.comUniversal Insurance (NYSE:UVE) Lowered to "Buy" at StockNews.comOctober 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.comBest Universal Life Insurance Companies Of September 2023September 21, 2023 | americanbankingnews.comUniversal Insurance (NYSE:UVE) Stock Price Crosses Below 200 Day Moving Average of $15.87September 20, 2023 | finance.yahoo.comUniversal Insurance Holdings, Inc. (NYSE:UVE) is a favorite amongst institutional investors who own 67%September 15, 2023 | msn.comThe plan to offer universal broadband access in Virginia by 2028September 14, 2023 | investing.comUniversal Insurance Company PLC (UNIVINS)October 1, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere'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.comPenn Mutual expands offerings with Survivorship Protection Variable Universal LifeAugust 24, 2023 | marketwatch.comUnderstanding Guaranteed Universal Life Insurance (2023)August 18, 2023 | finance.yahoo.comAre Poor Financial Prospects Dragging Down Universal Insurance Holdings, Inc. (NYSE:UVE Stock?July 30, 2023 | finance.yahoo.comUniversal Insurance Holdings, Inc. (NYSE:UVE) Q2 2023 Earnings Call TranscriptJuly 29, 2023 | finance.yahoo.comQ2 2023 Universal Insurance Holdings Inc Earnings CallJuly 27, 2023 | businesswire.comUniversal Reports Second Quarter 2023 ResultsJuly 25, 2023 | msn.comPros and Cons of Indexed Universal Life InsuranceJuly 18, 2023 | usatoday.comUnderstanding guaranteed universal life insuranceJuly 17, 2023 | msn.comHow to Choose Permanent Life Insurance PoliciesJuly 14, 2023 | bizjournals.comUniversal files patent to improve virtual-reality theme park rides with real-life impressionsJuly 13, 2023 | finance.yahoo.comUniversal Announces Second Quarter 2023 Earnings Release and Conference Call DatesJuly 7, 2023 | msn.comTypes of Life Insurance Plans and How to Decide Which One Is Right for YouJuly 7, 2023 | technews.tmcnet.comAM Best Revises Outlooks to Stable for Universal Insurance Company; Affirms Credit Ratings of Universal Life Insurance CompanyJune 23, 2023 | benzinga.comMassive Insider Trade At Universal Insurance HldgsJune 22, 2023 | msn.comVariable universal life insuranceJune 16, 2023 | benzinga.comUniversal Insurance Hldgs Insider Trades Send a SignalJune 12, 2023 | finance.yahoo.comUniversal Announces New $20 Million Share Repurchase AuthorizationJune 9, 2023 | finance.yahoo.comUVE - Universal Insurance Holdings, Inc.See More Headlines Receive UVE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Universal Insurance and its competitors with MarketBeat's FREE daily newsletter. Email Address UVE Company Calendar Last Earnings7/27/2023Ex-Dividend for 8/11 Dividend8/03/2023Dividend Payable8/11/2023Today10/01/2023Next Earnings (Estimated)10/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Fire, marine, & casualty insurance Sub-IndustryProperty & Casualty Insurance SectorFinance Current SymbolNYSE:UVE CUSIP91359V10 CIK891166 Webwww.universalinsuranceholdings.com Phone(954) 958-1200Fax302-636-5454Employees1,223Year FoundedN/APrice 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 RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$0.18 Trailing P/E Ratio77.89 Forward P/E Ratio7.01 P/E GrowthN/ANet Income$-22,260,000.00 Net Margins0.43% Pretax Margin0.76% Return on Equity1.20% Return on Assets0.13% Debt Debt-to-Equity Ratio0.31 Current Ratio0.65 Quick Ratio0.65 Sales & Book Value Annual Sales$1.22 billion Price / Sales0.35 Cash Flow$0.11 per share Price / Cash Flow122.02 Book Value$9.44 per share Price / Book1.49Miscellaneous Outstanding Shares30,100,000Free Float24,772,000Market Cap$422.00 million OptionableOptionable Beta0.90 10 Best Stocks to Own in 2023Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2023 and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Sean Patrick Downes (Age 53)Exec. Chairman Comp: $1.57MMr. Stephen Joseph Donaghy (Age 58)CEO & Director Comp: $2.52MMr. Frank Crawford Wilcox (Age 57)Chief Financial Officer Comp: $848.86kMs. Kimberly Denice Campos (Age 45)Chief Information Officer, Chief Admin. Officer & Director Comp: $442.29kMr. Michael J. Poloskey (Age 52)Chief Operating Officer Mr. Rob LutherChief Investment OfficerMr. Gary Lloyd RopieckiPrincipal 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 More ExecutivesKey CompetitorsHCI GroupNYSE:HCIGlobal Indemnity GroupNASDAQ:GBLIDonegal GroupNASDAQ:DGICAUnited Fire GroupNASDAQ:UFCSAMERISAFENASDAQ:AMSFView All CompetitorsInsiders & InstitutionsStephen DonaghyBought 5,000 shares on 9/6/2023Total: $60,350.00 ($12.07/share)Alberta Investment Management CorpSold 36,122 shares on 8/24/2023Ownership: 0.057%California State Teachers Retirement SystemSold 1,198 shares on 8/21/2023Ownership: 0.108%Osaic Holdings Inc.Sold 4,878 shares on 8/21/2023Ownership: 0.009%Nuveen Asset Management LLCBought 153,870 shares on 8/16/2023Ownership: 0.787%View All Insider TransactionsView 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Universal Insurance Holdings, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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