NYSE:UVE

Universal Insurance (UVE) Stock Price, News & Analysis

$20.57
+0.33 (+1.63%)
(As of 04:30 PM ET)
Today's Range
$20.30
$20.59
50-Day Range
$18.78
$20.91
52-Week Range
$11.15
$22.38
Volume
197,079 shs
Average Volume
185,743 shs
Market Capitalization
$592.42 million
P/E Ratio
8.07
Dividend Yield
3.11%
Price Target
$25.00

Universal Insurance MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
21.5% Upside
$25.00 Price Target
Short Interest
Healthy
1.14% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.23
Upright™ Environmental Score
News Sentiment
0.84mentions of Universal Insurance in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$785,000 Sold Last Quarter
Proj. Earnings Growth
15.22%
From $2.30 to $2.65 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.86 out of 5 stars

Finance Sector

87th out of 868 stocks

Fire, Marine, & Casualty Insurance Industry

5th out of 52 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 various 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

Do This Today BEFORE Biden Wins in November
Discover "U.S.'s New Money" Before Biden Wins A new form of money has emerged in America, and it's making some folks wildly rich… (Musk and Bezos both use it).
Do This Today BEFORE Biden Wins in November
Discover "U.S.'s New Money" Before Biden Wins A new form of money has emerged in America, and it's making some folks wildly rich… (Musk and Bezos both use it).
Q1 2024 Universal Insurance Holdings Inc Earnings Call
Universal Insurance earnings preview: what Wall Street is expecting
Universal Insurance: Q1 Earnings Snapshot
Universal Reports First Quarter 2024 Results
Universal Insurance Holdings Inc
UVE Universal Insurance Holdings, Inc.
Universal Insurance Rises Following Share Buyback Announcement
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Ex-Dividend for 3/15 Dividend
3/07/2024
Dividend Payable
3/15/2024
Ex-Dividend for 5/17 Dividend
5/09/2024
Today
5/10/2024
Dividend Payable
5/17/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
CUSIP
91359V10
Employees
1,244
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$25.00
High Stock Price Target
$25.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+21.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$66.82 million
Pretax Margin
7.14%

Debt

Sales & Book Value

Annual Sales
$1.44 billion
Cash Flow
$2.61 per share
Book Value
$11.69 per share

Miscellaneous

Free Float
23,702,000
Market Cap
$592.42 million
Optionable
Optionable
Beta
0.84
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Key Executives

  • Mr. Sean Patrick Downes (Age 54)
    Executive Chairman
    Comp: $2.44M
  • Mr. Stephen Joseph Donaghy (Age 59)
    CEO & Director
    Comp: $2.54M
  • Mr. Frank Crawford Wilcox (Age 58)
    Chief Financial Officer
    Comp: $860.03k
  • Ms. Kimberly Denice Campos (Age 46)
    Chief Information Officer, Chief Administrative Officer & Director
    Comp: $514.61k
  • Mr. Michael J. Poloskey (Age 53)
    Chief Operating Officer
  • Mr. Rob Luther
    Chief Investment Officer
  • Mr. Gary Lloyd Ropiecki
    Principal Accounting Officer & Secretary
  • Mr. Darryl Lamont Lewis (Age 59)
    Chief Legal Officer
    Comp: $58.33k
  • Mr. Jason M. Burns (Age 44)
    President of Blue Atlantic
  • Mr. Matthew John Palmieri (Age 44)
    Chief Risk Officer

UVE Stock Analysis - 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 buy rating for the stock. The consensus among Wall Street 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 Wall Street research analysts have issued 12-month price objectives for Universal Insurance's shares. Their UVE share price targets range from $25.00 to $25.00. On average, they anticipate the company's stock price to reach $25.00 in the next year. This suggests a possible upside of 21.5% 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 2024?

Universal Insurance's stock was trading at $15.98 on January 1st, 2024. Since then, UVE shares have increased by 28.7% and is now trading at $20.57.
View the best growth stocks for 2024 here
.

Are investors shorting Universal Insurance?

Universal Insurance saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 294,000 shares, a decrease of 21.5% from the April 15th total of 374,700 shares. Based on an average daily volume of 196,500 shares, the short-interest ratio is presently 1.5 days. Approximately 1.1% of the company's stock 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, July 25th 2024.
View our UVE earnings forecast
.

How were Universal Insurance's earnings last quarter?

Universal Insurance Holdings, Inc. (NYSE:UVE) announced its quarterly earnings results on Thursday, February, 22nd. The insurance provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.20. The insurance provider earned $375.46 million during the quarter, compared to analyst estimates of $328.12 million. Universal Insurance had a net margin of 5.29% and a trailing twelve-month return on equity of 19.67%.

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

Universal Insurance announced a quarterly dividend on Wednesday, April 10th. Investors of record on Friday, May 10th will be given a dividend of $0.16 per share on Friday, May 17th. This represents a $0.64 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Thursday, May 9th.
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 3.23%. The dividend payout ratio is 25.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UVE will have a dividend payout ratio of 24.15% 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 Invesco KBW Property & Casualty Insurance ETF (KBWP).iShares US Small Cap Value Factor ETF (SVAL).

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 many different retail and institutional investors. Top institutional shareholders include LSV Asset Management (1.09%), Russell Investments Group Ltd. (0.78%), Empowered Funds LLC (0.57%), Los Angeles Capital Management LLC (0.50%), Nordea Investment Management AB (0.36%) and Allspring Global Investments Holdings LLC (0.20%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:UVE) was last updated on 5/10/2024 by MarketBeat.com Staff

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