Universal Insurance (UVE) Projected to Post Earnings on Tuesday

Universal Insurance (NYSE:UVE - Get Free Report) is expected to issue its quarterly earnings data after the market closes on Tuesday, February 25th. Analysts expect Universal Insurance to post earnings of $0.09 per share and revenue of $349.91 million for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Universal Insurance Trading Down 1.9 %

UVE traded down $0.37 during trading on Friday, hitting $19.59. 140,057 shares of the stock were exchanged, compared to its average volume of 114,720. Universal Insurance has a 1 year low of $16.50 and a 1 year high of $23.39. The firm has a market cap of $554.20 million, a price-to-earnings ratio of 7.96 and a beta of 0.91. The firm has a 50 day simple moving average of $20.05 and a 200 day simple moving average of $20.63. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.51 and a current ratio of 0.51.

Universal Insurance Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, March 7th will be given a dividend of $0.16 per share. This is an increase from Universal Insurance's previous quarterly dividend of $0.13. The ex-dividend date is Friday, March 7th. This represents a $0.64 dividend on an annualized basis and a yield of 3.27%. Universal Insurance's dividend payout ratio (DPR) is 26.02%.

Insider Activity

In other Universal Insurance news, Chairman Sean P. Downes sold 50,000 shares of Universal Insurance stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $20.51, for a total transaction of $1,025,500.00. Following the completion of the sale, the chairman now owns 985,320 shares of the company's stock, valued at approximately $20,208,913.20. The trade was a 4.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jon Springer sold 25,000 shares of the business's stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $20.63, for a total value of $515,750.00. Following the sale, the director now owns 383,228 shares in the company, valued at approximately $7,905,993.64. The trade was a 6.12 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 17.50% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Universal Insurance from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 14th.

About Universal Insurance

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.