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NYSE:UVEUniversal Insurance Stock Price, Forecast & News

$18.07
-0.68 (-3.63 %)
(As of 05/28/2020 04:00 PM ET)
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Compare
Today's Range
$18.01
Now: $18.07
$18.84
50-Day Range
$16.35
MA: $17.62
$19.08
52-Week Range
$14.20
Now: $18.07
$30.79
Volume188,612 shs
Average Volume230,188 shs
Market Capitalization$585.52 million
P/E Ratio24.75
Dividend Yield3.41%
Beta0.91
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 homeowner's insurance. It also provides personal residential insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire, and commercial residential multi-peril; and allied lines, coverage for other structures, and personal property, as well as liability and personal articles coverages. In addition, the company offers policy and claims administration, and reinsurance intermediary services, as well as operates Universal Direct, a direct-to-consumer online platform, which enables homeowners to directly purchase, pay for, and bind homeowners' policies. It provides its products through a network of independent agents. 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 founded in 1990 and is headquartered in Fort Lauderdale, Florida.
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Universal Insurance logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.8Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.33 out of 5 stars


Industry, Sector and Symbol

Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
CUSIP91359V10
Phone954-958-1200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$939.35 million
Cash Flow$1.41 per share
Book Value$15.25 per share

Profitability

Net Income$46.51 million

Miscellaneous

Employees734
Market Cap$585.52 million
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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Universal Insurance (NYSE:UVE) Frequently Asked Questions

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

Universal Insurance's stock was trading at $21.49 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, UVE shares have decreased by 15.9% and is now trading at $18.07. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Universal Insurance?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Universal Insurance in the last year. There are currently 1 sell rating and 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Universal Insurance.

When is Universal Insurance's next earnings date?

Universal Insurance is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Universal Insurance.

How were Universal Insurance's earnings last quarter?

Universal Insurance Holdings, Inc. (NYSE:UVE) posted its earnings results on Monday, April, 27th. The insurance provider reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.04. The insurance provider had revenue of $235.28 million for the quarter. Universal Insurance had a return on equity of 8.42% and a net margin of 2.82%. View Universal Insurance's earnings history.

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

Universal Insurance declared a quarterly dividend on Thursday, April 16th. Investors of record on Thursday, May 14th will be given a dividend of $0.16 per share on Thursday, May 21st. This represents a $0.64 annualized dividend and a yield of 3.54%. The ex-dividend date is Wednesday, May 13th. View Universal Insurance's dividend history.

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

Universal Insurance updated its FY 2020 After-Hours earnings guidance on Monday, March, 2nd. The company provided earnings per share guidance of 2.80-3.10 for the period, compared to the Thomson Reuters consensus estimate of $3.20.

What price target have analysts set for UVE?

2 brokers have issued twelve-month target prices for Universal Insurance's shares. Their forecasts range from $19.00 to $27.00. On average, they expect Universal Insurance's share price to reach $23.00 in the next year. This suggests a possible upside of 27.3% from the stock's current price. View analysts' price targets for Universal Insurance.

Has Universal Insurance been receiving favorable news coverage?

Press coverage about UVE stock has trended somewhat negative recently, InfoTrie reports. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Universal Insurance earned a news sentiment score of -1.8 on InfoTrie's scale. They also assigned news headlines about the insurance provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutUniversal Insurance.

Are investors shorting Universal Insurance?

Universal Insurance saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 913,800 shares, a decline of 9.5% from the April 30th total of 1,010,000 shares. Based on an average daily trading volume, of 247,400 shares, the short-interest ratio is presently 3.7 days. Currently, 3.1% of the company's shares are sold short. View Universal Insurance's Current Options Chain.

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), Netflix (NFLX), Starbucks (SBUX), AT&T (T), Twitter (TWTR), Verizon Communications (VZ), Broadcom (AVGO), Bausch Health Companies (BHC), Walt Disney (DIS) and Home Depot (HD).

Who are Universal Insurance's key executives?

Universal Insurance's management team includes the following people:
  • Mr. Sean Patrick Downes, Chairman & CEO (Age 49)
  • Mr. Jon William Springer, Pres, Chief Risk Officer & Director (Age 49)
  • Mr. Frank Crawford Wilcox, CFO & Principal Accounting Officer (Age 53)
  • Mr. Stephen Joseph Donaghy, COO & Sec. (Age 54)
  • Ms. Kimberly Denice Campos, Chief Information Officer, Chief Admin. Officer & Director (Age 41)

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (14.28%), State Street Corp (3.19%), Nuveen Asset Management LLC (1.45%), Geode Capital Management LLC (1.41%), Bank of New York Mellon Corp (1.33%) and APG Asset Management N.V. (1.14%). Company insiders that own Universal Insurance stock include Frank Wilcox, Jon Springer, Kimberly D Campos, Michael Pietrangelo, Ralph J Palmieri, 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 BlackRock Inc., AQR Capital Management LLC, Public Sector Pension Investment Board, Frontier Investment Mgmt Co., WINTON GROUP Ltd, Nuveen Asset Management LLC, Bank of New York Mellon Corp, and Two Sigma Investments LP. View insider buying and selling activity for Universal Insurance.

Which major investors are buying Universal Insurance stock?

UVE stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., Matarin Capital Management LLC, State Street Corp, JPMorgan Chase & Co., Geode Capital Management LLC, and UBS Group AG. Company insiders that have bought Universal Insurance stock in the last two years include Frank Wilcox, Michael Pietrangelo, Sean P Downes, and Stephen Donaghy. View insider buying and selling activity for Universal Insurance.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Universal Insurance's stock price today?

One share of UVE stock can currently be purchased for approximately $18.07.

How big of a company is Universal Insurance?

Universal Insurance has a market capitalization of $585.52 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. Universal Insurance employs 734 workers across the globe.

What is Universal Insurance's official website?

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

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 5/28/2020 by MarketBeat.com Staff

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