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NYSE:UVE

Universal Insurance (UVE) Stock Price, News & Analysis

Universal Insurance logo
$20.89 +0.12 (+0.58%)
(As of 12:28 PM ET)

About Universal Insurance Stock (NYSE:UVE)

Key Stats

Today's Range
$20.62
$20.90
50-Day Range
$19.23
$22.98
52-Week Range
$15.78
$23.39
Volume
34,892 shs
Average Volume
184,619 shs
Market Capitalization
$590.89 million
P/E Ratio
8.49
Dividend Yield
3.06%
Price Target
$25.00
Consensus Rating
Buy

Company Overview

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.

Universal Insurance Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
98th Percentile Overall Score

UVE MarketRank™: 

Universal Insurance scored higher than 98% of companies evaluated by MarketBeat, and ranked 35th out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Universal Insurance has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Universal Insurance has received no research coverage in the past 90 days.

  • Read more about Universal Insurance's stock forecast and price target.
  • Earnings Growth

    Earnings for Universal Insurance are expected to grow by 59.64% in the coming year, from $1.66 to $2.65 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Universal Insurance is 8.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.18.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Universal Insurance is 8.48, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 25.07.

  • Price to Book Value per Share Ratio

    Universal Insurance has a P/B Ratio of 1.79. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.06% of the float of Universal Insurance has been sold short.
  • Short Interest Ratio / Days to Cover

    Universal Insurance has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Universal Insurance has recently decreased by 13.61%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Universal Insurance pays a meaningful dividend of 3.11%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Universal Insurance does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Universal Insurance is 26.02%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Universal Insurance will have a dividend payout ratio of 24.15% next year. This indicates that Universal Insurance will be able to sustain or increase its dividend.

  • Read more about Universal Insurance's dividend.
  • Percentage of Shares Shorted

    1.06% of the float of Universal Insurance has been sold short.
  • Short Interest Ratio / Days to Cover

    Universal Insurance has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Universal Insurance has recently decreased by 13.61%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Universal Insurance has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for Universal Insurance this week, compared to 3 articles on an average week.
  • Search Interest

    8 people have searched for UVE on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.
  • MarketBeat Follows

    2 people have added Universal Insurance to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Universal Insurance insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,258,287.00 in company stock.

  • Percentage Held by Insiders

    17.50% of the stock of Universal Insurance is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    66.61% of the stock of Universal Insurance is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Universal Insurance's insider trading history.
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UVE Stock News Headlines

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UVE Stock Analysis - Frequently Asked Questions

Universal Insurance's stock was trading at $15.98 at the start of the year. Since then, UVE stock has increased by 30.6% and is now trading at $20.87.
View the best growth stocks for 2024 here
.

Universal Insurance Holdings, Inc. (NYSE:UVE) released its quarterly earnings data on Thursday, October, 24th. The insurance provider reported ($0.73) EPS for the quarter, topping analysts' consensus estimates of ($1.03) by $0.30. The insurance provider had revenue of $387.55 million for the quarter, compared to analyst estimates of $341.98 million. Universal Insurance had a trailing twelve-month return on equity of 15.43% and a net margin of 4.82%.

Top institutional investors of Universal Insurance include Donald Smith & CO. Inc. (5.43%), Geode Capital Management LLC (2.44%), State Street Corp (2.13%) and ArrowMark Colorado Holdings LLC (1.38%). Insiders that own company stock include Sean P Downes, Stephen Donaghy, Jon Springer, Michael Pietrangelo, Scott P Callahan, Francis Xavier Mccahill III, Gary Lloyd Ropiecki, Frank Wilcox and Marlene Gordon.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Universal Insurance investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Netflix (NFLX), Palo Alto Networks (PANW) and Invesco QQQ (QQQ).

Company Calendar

Last Earnings
10/24/2024
Ex-Dividend for 12/13 Dividend
12/06/2024
Dividend Payable
12/13/2024
Today
12/24/2024
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
+20.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$66.82 million
Pretax Margin
6.83%

Debt

Sales & Book Value

Annual Sales
$1.51 billion
Cash Flow
$2.45 per share
Book Value
$11.69 per share

Miscellaneous

Free Float
23,336,000
Market Cap
$587.50 million
Optionable
Optionable
Beta
0.92

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This page (NYSE:UVE) was last updated on 12/24/2024 by MarketBeat.com Staff
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