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NYSE:UVE

Universal Insurance - UVE Stock Forecast, Price & News

$11.13
+0.14 (+1.27%)
(As of 12/9/2022 02:18 PM ET)
Add
Compare
Today's Range
$10.93
$11.16
50-Day Range
$8.56
$11.45
52-Week Range
$8.39
$19.64
Volume
5,960 shs
Average Volume
142,614 shs
Market Capitalization
$339.58 million
P/E Ratio
N/A
Dividend Yield
5.71%
Price Target
$10.00

Universal Insurance MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
9.8% Downside
$10.00 Price Target
Short Interest
Healthy
3.29% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.06
Upright™ Environmental Score
News Sentiment
0.15mentions of Universal Insurance in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$169,635 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($1.40) to $1.50 Per Share

Overall MarketRank

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

1.88 out of 5 stars

Finance Sector

722nd out of 862 stocks

Fire, Marine, & Casualty Insurance Industry

35th out of 45 stocks

UVE stock logo

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. The company 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. It 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, an online platform in which consumers receive side-by-side quotes from various carriers across multiple states, as well as educational materials about homeowners' insurance policies. It offers its products through a network of independent agents, as well as Universal Direct, a direct-to-consumer online platform, which enables homeowners to directly purchase, pay for, and bind homeowners' policies. 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.

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UVE Stock News Headlines

Universal Declares Regular and Special Cash Dividends
Universal Reports Third Quarter 2022 Results
Universal Appoints William Degnan Chief Claims Officer
Universal Provides Hurricane Ian Update
OneAmerica® Launches Variable Universal Life Insurance
Three Benefits of Universal Life Insurance
Universal Reports Second Quarter 2022 Results
See More Headlines
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UVE Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 12/16 Dividend
12/08/2022
Today
12/09/2022
Dividend Payable
12/16/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/23/2023

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
Sector
Finance
CUSIP
91359V10
Employees
1,047
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$10.00
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
-10.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$20.41 million
Pretax Margin
-10.51%

Debt

Sales & Book Value

Annual Sales
$1.12 billion
Cash Flow
$1.14 per share
Book Value
$13.79 per share

Miscellaneous

Free Float
25,600,000
Market Cap
$339.58 million
Optionable
Optionable
Beta
0.99

Key Executives

  • Mr. Sean Patrick Downes (Age 52)
    Exec. Chairman
    Comp: $1.07M
  • Mr. Stephen Joseph Donaghy (Age 57)
    CEO & Director
    Comp: $1.07M
  • Mr. Frank Crawford Wilcox (Age 56)
    Chief Financial Officer
    Comp: $850.78k
  • Ms. Kimberly Denice Campos (Age 44)
    Chief Information Officer, Chief Admin. Officer & Director
    Comp: $434.35k
  • Mr. Michael J. Poloskey (Age 51)
    Chief Operating Officer
  • Mr. Rob Luther
    Chief Investment Officer
  • Mr. Gary Lloyd Ropiecki
    Principal Accounting Officer & Sec.
  • Mr. Darryl Lamont Lewis (Age 57)
    Chief Legal Officer
  • Mr. Jason M. Burns (Age 42)
    Pres of Blue Atlantic
  • Mr. Arash Soleimani C.F.A.
    CPA, Chief Strategy Officer













UVE Stock - Frequently Asked Questions

Should I buy or sell Universal Insurance stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Universal Insurance in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" UVE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in UVE, but not buy additional shares or sell existing shares.
View UVE analyst ratings
or view top-rated stocks.

What is Universal Insurance's stock price forecast for 2023?

1 Wall Street research analysts have issued 12-month target prices for Universal Insurance's stock. Their UVE share price forecasts range from $10.00 to $10.00. On average, they expect the company's share price to reach $10.00 in the next year. This suggests that the stock has a possible downside of 9.7%.
View analysts price targets for UVE
or view top-rated stocks among Wall Street analysts.

How have UVE shares performed in 2022?

Universal Insurance's stock was trading at $17.00 at the start of the year. Since then, UVE shares have decreased by 34.8% and is now trading at $11.08.
View the best growth stocks for 2022 here
.

Are investors shorting Universal Insurance?

Universal Insurance saw a decline in short interest in October. As of October 31st, there was short interest totaling 929,900 shares, a decline of 38.0% from the October 15th total of 1,500,000 shares. Based on an average daily trading volume, of 170,700 shares, the short-interest ratio is presently 5.4 days. Currently, 3.4% 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 23rd 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 Wednesday, October, 27th. The insurance provider reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.13. The insurance provider earned $269.42 million during the quarter, compared to analyst estimates of $281.82 million. Universal Insurance had a negative trailing twelve-month return on equity of 22.70% and a negative net margin of 8.06%. During the same quarter in the prior year, the company earned ($1.43) EPS.

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

Universal Insurance declared a quarterly dividend on Monday, November 14th. Shareholders of record on Friday, December 9th will be paid a dividend of $0.16 per share on Friday, December 16th. This represents a $0.64 annualized dividend and a dividend yield of 5.78%. The ex-dividend date is Thursday, December 8th.
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 5.71%. UVE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
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."

Who are Universal Insurance's major shareholders?

Universal Insurance's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.09%), Dimensional Fund Advisors LP (6.40%), Vanguard Group Inc. (6.17%), LSV Asset Management (4.13%), State Street Corp (3.86%) and Donald Smith & CO. Inc. (3.61%). Insiders that own company stock include Francis Xavier Mccahill III, Frank Wilcox, Joel Wilentz, Jon Springer, Kimberly D Campos, Marlene Gordon, 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.

What is Universal Insurance's stock price today?

One share of UVE stock can currently be purchased for approximately $11.08.

How much money does Universal Insurance make?

Universal Insurance (NYSE:UVE) has a market capitalization of $338.05 million and generates $1.12 billion in revenue each year. The insurance provider earns $20.41 million in net income (profit) each year or ($3.10) on an earnings per share basis.

How many employees does Universal Insurance have?

The company employs 1,047 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 12/9/2022 by MarketBeat.com Staff