Kimberly Campos Sells 879 Shares of Universal Insurance (NYSE:UVE) Stock

Universal Insurance Holdings Inc (NYSE:UVE) CAO Kimberly Campos sold 879 shares of the firm’s stock in a transaction on Thursday, March 26th. The stock was sold at an average price of $33.84, for a total value of $29,745.36. Following the completion of the sale, the chief accounting officer directly owned 7,422 shares of the company’s stock, valued at approximately $251,160.48. This trade represents a 10.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Universal Insurance Stock Up 0.1%

NYSE:UVE opened at $33.71 on Monday. The business’s fifty day moving average price is $32.42 and its 200 day moving average price is $31.40. The firm has a market capitalization of $944.11 million, a price-to-earnings ratio of 5.34 and a beta of 0.67. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.18. Universal Insurance Holdings Inc has a 1-year low of $20.83 and a 1-year high of $36.68.

Universal Insurance (NYSE:UVE) last announced its quarterly earnings data on Tuesday, February 24th. The insurance provider reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.87. The firm had revenue of $403.57 million during the quarter, compared to analyst estimates of $372.99 million. Universal Insurance had a return on equity of 37.28% and a net margin of 11.41%. On average, sell-side analysts forecast that Universal Insurance Holdings Inc will post 1.66 earnings per share for the current fiscal year.

Universal Insurance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 6th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, March 6th. Universal Insurance’s dividend payout ratio is currently 10.14%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UVE. Weiss Ratings restated a “buy (b)” rating on shares of Universal Insurance in a report on Wednesday, January 21st. Piper Sandler lifted their price objective on Universal Insurance from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, December 22nd. Wall Street Zen raised Universal Insurance from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 27th. Finally, Zacks Research raised Universal Insurance from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat, Universal Insurance has a consensus rating of “Buy” and an average target price of $40.00.

Hedge Funds Weigh In On Universal Insurance

Several hedge funds have recently bought and sold shares of the business. Millennium Management LLC grew its position in Universal Insurance by 212.3% during the third quarter. Millennium Management LLC now owns 596,370 shares of the insurance provider’s stock worth $15,685,000 after buying an additional 405,403 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Universal Insurance by 106.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 280,957 shares of the insurance provider’s stock worth $7,389,000 after acquiring an additional 144,553 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Universal Insurance by 43.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 454,496 shares of the insurance provider’s stock worth $12,603,000 after purchasing an additional 138,732 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Universal Insurance by 19.8% during the fourth quarter. Geode Capital Management LLC now owns 815,484 shares of the insurance provider’s stock valued at $27,566,000 after purchasing an additional 134,805 shares during the period. Finally, Informed Momentum Co LLC bought a new stake in shares of Universal Insurance during the fourth quarter valued at approximately $4,481,000. 66.61% of the stock is owned by institutional investors and hedge funds.

About Universal Insurance

Universal Insurance Holdings, Inc (NYSE: UVE) is a property and casualty insurance holding company headquartered in Jacksonville, Florida. The company underwrites homeowners and other residential property insurance products to protect against natural catastrophes such as hurricanes, windstorms and fires. It distributes policies primarily through a network of independent agents and brokers, offering coverage for primary residences, secondary homes, condominiums, vacant dwellings and rental properties across its service territory.

In addition to personal lines, Universal provides commercial property and casualty insurance tailored to small businesses and institutional clients.