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?

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) .

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 .

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

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 $21.00, Universal Insurance has a forecasted upside of 25.7% from its current price of $16.71.
Amount of Analyst Coverage
Universal Insurance has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.78% 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 1.7, 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 27.03%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Leadership
Universal Insurance is a leading dividend payer. It pays a dividend yield of 3.69%, 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 27.35%. 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 27.83% 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.

0.9

News and Social Media Coverage

News Sentiment
Universal Insurance has a news sentiment score of -0.33. 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 0.63 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Universal Insurance this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for UVE on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Universal Insurance to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Universal Insurance insiders have sold 434.55% more of their company's stock than they have bought. Specifically, they have bought $60,350.00 in company stock and sold $322,600.00 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.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Universal Insurance are expected to grow by 5.02% in the coming year, from $2.19 to $2.30 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Universal Insurance is 7.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of Universal Insurance is 7.14, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.73.
Price to Book Value per Share Ratio
Universal Insurance has a P/B Ratio of 1.62. 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 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

30 days | 90 days | 365 days | Advanced Chart

UVE Stock News Headlines

November 22, 2023 | usatoday.com

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November 21, 2023 | seekingalpha.com

Universal Insurance Holdings: Still Undervalued After The YTD Rise Of 62%

November 29, 2023 | Tomorrow Investor (Ad)

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November 15, 2023 | stocknews.com

Are These 3 Insurance Stocks Worth Watching?

November 14, 2023 | morningstar.com

Universal Insurance Holdings Inc UVE

October 31, 2023 | msn.com

Indexed universal life insurance may be the right choice for some people – but probably not you

October 31, 2023 | finance.yahoo.com

The Universal Insurance Holdings Inc (UVE) Company: A Short SWOT Analysis

October 30, 2023 | benzinga.com

Universal Insurance Hldgs Stock (NYSE:UVE), Analyst Ratings, Price Targets, Predictions

November 29, 2023 | Tomorrow Investor (Ad)

The Only Practical Solution to the World’s Looming Energy Crisis

There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!

October 28, 2023 | finance.yahoo.com

Universal Insurance Holdings, Inc. (NYSE:UVE) Q3 2023 Earnings Call Transcript

October 26, 2023 | finance.yahoo.com

Universal Insurance Holdings Inc (UVE) Reports Q3 2023 Earnings

October 26, 2023 | finance.yahoo.com

Universal Reports Third Quarter 2023 Results

October 25, 2023 | marketwatch.com

Penn Mutual Life Insurance Review (2023)

October 17, 2023 | finance.yahoo.com

Arch Capital Group Ltd. (ACGL) Hit a 52 Week High, Can the Run Continue?

October 13, 2023 | finance.yahoo.com

Progressive (PGR) Q3 Earnings and Revenues Top Estimates

October 12, 2023 | finance.yahoo.com

Universal Announces Third Quarter 2023 Earnings Release and Conference Call Dates

October 12, 2023 | investing.com

Universal Insurance Company Ltd (UNVI)

September 25, 2023 | forbes.com

Best Universal Life Insurance Companies Of September 2023

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)

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

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

Get Stock Alerts

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 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

EPS (Most Recent Fiscal Year): $2.34
Trailing P/E Ratio: 7.14
Forward P/E Ratio: 7.63
P/E Growth: N/A
Net Income: $-22,260,000.00
Net Margins: 5.34%
Pretax Margin: 7.08%
Return on Equity: 21.95%
Return on Assets: 2.50%

Debt

Debt-to-Equity Ratio: 0.34
Current Ratio: 0.58
Quick Ratio: 0.58

Sales & Book Value

Annual Sales: $1.22 billion
Price / Sales: 0.40
Cash Flow: $0.11 per share
Price / Cash Flow: 150.91
Book Value: $10.33 per share
Price / Book: 1.62

Miscellaneous

Outstanding Shares: 29,190,000
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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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?: 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).
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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