Universal Insurance Holdings Inc (NYSE:UVE – Get Free Report) announced a quarterly dividend on Wednesday, July 8th. Investors of record on Friday, July 31st will be given a dividend of 0.16 per share by the insurance provider on Friday, August 7th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, July 31st.
Universal Insurance has a payout ratio of 21.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Universal Insurance to earn $4.70 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 13.6%.
Universal Insurance Price Performance
Shares of NYSE UVE opened at $41.72 on Thursday. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 6.18 and a beta of 0.72. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.51 and a current ratio of 0.51. Universal Insurance has a fifty-two week low of $21.96 and a fifty-two week high of $43.96. The firm’s 50-day simple moving average is $39.17 and its 200 day simple moving average is $35.13.
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.
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