NYSE:UVE

Universal Insurance Stock Forecast, Price & News

$13.99
+0.06 (+0.43 %)
(As of 04/16/2021 04:00 PM ET)
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Today's Range
$13.81
Now: $13.99
$14.00
50-Day Range
$13.59
MA: $14.95
$16.54
52-Week Range
$10.84
Now: $13.99
$20.85
Volume166,341 shs
Average Volume198,121 shs
Market Capitalization$436.57 million
P/E RatioN/A
Dividend Yield4.60%
Beta1.08
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; allied lines, coverage for other structures, and personal property; and commercial residential multi-peril, as well as 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, in which consumers receive side-by-side quotes from multiple 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.
Universal Insurance logo

Industry, Sector and Symbol

Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
CUSIP91359V10
Phone954-958-1200
Employees909
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$939.35 million
Cash Flow$1.28 per share
Book Value$14.87 per share

Profitability

Net Income$46.51 million

Miscellaneous

Market Cap$436.57 million
Next Earnings Date4/28/2021 (Confirmed)
OptionableOptionable

Headlines

Is UVE A Good Stock To Buy Now?
December 13, 2020 |  finance.yahoo.com
Universal Insurance declares $0.29 dividend
November 16, 2020 |  seekingalpha.com
See More Headlines

MarketRank

Overall MarketRank

2.38 out of 5 stars

Finance Sector

36th out of 1,953 stocks

Fire, Marine, & Casualty Insurance Industry

7th out of 90 stocks

Analyst Opinion: 2.0Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
$13.99
+0.06 (+0.43 %)
(As of 04/16/2021 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Universal Insurance (NYSE:UVE) Frequently Asked Questions

Is Universal Insurance a buy 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 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Universal Insurance stock. 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 analyst ratings for Universal Insurance
or view top-rated stocks.

What stocks does MarketBeat like better than Universal Insurance?

Wall Street analysts have given Universal Insurance a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Universal Insurance wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Universal Insurance?

Universal Insurance saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 461,300 shares, a decrease of 15.1% from the February 28th total of 543,200 shares. Based on an average daily volume of 211,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.7% of the shares of the stock are sold short.
View Universal Insurance's Short Interest
.

When is Universal Insurance's next earnings date?

Universal Insurance is scheduled to release its next quarterly earnings announcement on Wednesday, April 28th 2021.
View our earnings forecast for Universal Insurance
.

How can I listen to Universal Insurance's earnings call?

Universal Insurance will be holding an earnings conference call on Wednesday, April 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Universal Insurance's earnings last quarter?

Universal Insurance Holdings, Inc. (NYSE:UVE) announced its earnings results on Thursday, February, 25th. The insurance provider reported ($0.84) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.69) by $0.85. The insurance provider had revenue of $273.13 million for the quarter, compared to analysts' expectations of $263.10 million. Universal Insurance had a negative trailing twelve-month return on equity of 10.94% and a negative net margin of 1.38%.
View Universal Insurance's earnings history
.

How has Universal Insurance's stock been impacted by Coronavirus (COVID-19)?

Universal Insurance's stock was trading at $21.49 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, UVE stock has decreased by 34.9% and is now trading at $13.99.
View which stocks have been most impacted by COVID-19
.

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

Universal Insurance declared a quarterly dividend on Monday, March 1st. Investors of record on Thursday, March 11th will be given a dividend of $0.16 per share on Thursday, March 18th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date is Wednesday, March 10th.
View Universal Insurance's dividend history
.

Is Universal Insurance a good dividend stock?

Universal Insurance pays an annual dividend of $0.64 per share and currently has a dividend yield of 4.60%. UVE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Universal Insurance does not yet have a strock track record of dividend growth. The dividend payout ratio of Universal Insurance is 54.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Universal Insurance will have a dividend payout ratio of 22.86% next year. This indicates that Universal Insurance will be able to sustain or increase its dividend.
View Universal Insurance's dividend history.

What guidance has Universal Insurance issued on next quarter's earnings?

Universal Insurance updated its FY 2021 After-Hours earnings guidance on Thursday, February, 25th. The company provided EPS guidance of 2.75-3.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.35.

What price target have analysts set for UVE?

1 brokerages have issued 12 month price objectives for Universal Insurance's stock. Their forecasts range from $16.00 to $16.00. On average, they anticipate Universal Insurance's share price to reach $16.00 in the next year. This suggests a possible upside of 14.4% from the stock's current price.
View analysts' price targets for Universal Insurance
or view top-rated stocks among Wall Street analysts.

Who are Universal Insurance's key executives?

Universal Insurance's management team includes the following people:
  • Mr. Sean Patrick Downes, Exec. Chairman (Age 51, Pay $2.06M)
  • Mr. Stephen Joseph Donaghy, CEO & Director (Age 56, Pay $1.52M)
  • Mr. Frank Crawford Wilcox, CFO & Principal Accounting Officer (Age 55, Pay $858.82k)
  • Ms. Kimberly Denice Campos, Chief Information Officer, Chief Admin. Officer & Director (Age 43, Pay $414.59k)
  • Mr. Michael J. Poloskey, Chief Operating Officer (Age 50)
  • Mr. Rob Luther, VP of Corp. Devel., Strategy & Investor Relations
  • Mr. Darryl Lamont Lewis, Chief Legal Officer (Age 56)
  • Mr. Jason M. Burns, Pres of Blue Atlantic (Age 41)
  • Mr. Gary Lloyd Ropiecki, Sec.
  • Mr. James Michael Lynch CPA, Director of Financial Analysis (Age 66)

What is Sean P. Downes' approval rating as Universal Insurance's CEO?

39 employees have rated Universal Insurance CEO Sean P. Downes on Glassdoor.com. Sean P. Downes has an approval rating of 84% among Universal Insurance's employees.

Who are some of Universal Insurance's key competitors?

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 number of retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.06%). Company insiders that own Universal Insurance stock include Joel Wilentz, Jon Springer, Kimberly D Campos, Michael Pietrangelo, Sean P Downes and Stephen Donaghy.
View institutional ownership trends for Universal Insurance
.

Which major investors are selling Universal Insurance stock?

UVE stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue.
View insider buying and selling activity for Universal Insurance
or view top insider-selling stocks.

How do I buy shares of Universal Insurance?

Shares of UVE 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 $13.99.

How much money does Universal Insurance make?

Universal Insurance has a market capitalization of $436.57 million and generates $939.35 million in revenue each year. The insurance provider earns $46.51 million in net income (profit) each year or $1.18 on an earnings per share basis.

How many employees does Universal Insurance have?

Universal Insurance employs 909 workers across the globe.

What is Universal Insurance's official website?

The official website for Universal Insurance is www.universalinsuranceholdings.com.

Where are Universal Insurance's headquarters?

Universal Insurance is headquartered at 1110 WEST COMMERCIAL BOULEVARD SUITE 100, FORT LAUDERDALE FL, 33309.

How can I contact Universal Insurance?

Universal Insurance's mailing address is 1110 WEST COMMERCIAL BOULEVARD SUITE 100, FORT LAUDERDALE FL, 33309. The insurance provider can be reached via phone at 954-958-1200 or via email at [email protected]


This page was last updated on 4/18/2021 by MarketBeat.com Staff
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