Universal Insurance Holdings Inc (NYSE:UVE – Get Free Report) reached a new 52-week high during trading on Wednesday. The company traded as high as $48.42 and last traded at $47.7130, with a volume of 178,709 shares changing hands. The stock had previously closed at $46.92.
Analyst Ratings Changes
Several brokerages have recently weighed in on UVE. Wall Street Zen raised shares of Universal Insurance from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 3rd. Weiss Ratings upgraded shares of Universal Insurance from a “buy (a-)” rating to a “buy (a+)” rating in a research note on Thursday, October 8th. Finally, Piper Sandler lifted their price objective on shares of Universal Insurance from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.
Check Out Our Latest Report on Universal Insurance
Universal Insurance Price Performance
The firm has a 50 day simple moving average of $44.23 and a 200-day simple moving average of $41.02. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.35 billion, a PE ratio of 6.38 and a beta of 0.69.
Universal Insurance (NYSE:UVE – Get Free Report) last announced its earnings results on Thursday, October 22nd. The insurance provider reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.36. The business had revenue of $444.31 million during the quarter, compared to the consensus estimate of $601.67 million. Universal Insurance had a net margin of 13.49% and a return on equity of 37.67%. As a group, research analysts predict that Universal Insurance Holdings Inc will post 6.13 earnings per share for the current fiscal year.
Insider Buying and Selling at Universal Insurance
In related news, Chairman Sean Downes sold 20,000 shares of the business’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $43.98, for a total transaction of $879,600.00. Following the transaction, the chairman directly owned 1,084,645 shares in the company, valued at $47,702,687.10. The trade was a 1.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 15.00% of the stock is owned by insiders.
Institutional Investors Weigh In On Universal Insurance
Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of Universal Insurance during the second quarter worth about $111,007,000. Donald Smith & CO. Inc. purchased a new position in shares of Universal Insurance in the 2nd quarter valued at approximately $29,849,000. Renaissancere Holdings Ltd. purchased a new position in shares of Universal Insurance in the 2nd quarter valued at approximately $24,144,769. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Universal Insurance in the 2nd quarter valued at approximately $10,530,000. Finally, Bank of New York Mellon Corp acquired a new stake in Universal Insurance in the 2nd quarter worth approximately $8,104,000. Institutional investors and hedge funds own 66.61% of the company’s stock.
About Universal Insurance
Universal Insurance Holdings, Inc (NYSE: UVE) is an insurance holding company that provides property and casualty insurance through its subsidiaries. Its primary business is personal residential insurance, with products designed to protect homeowners and other residential property owners against risks such as wind, fire, theft and other covered losses.
The company’s offerings include homeowners, condominium unit owners, renters and dwelling fire insurance, along with related residential property coverage.
Featured Articles
- Five stocks we like better than Universal Insurance
- Is Texas Instruments Setting Up for Its Next Big Breakout?
- Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow
- Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was
- Tesla’s Flying-Car Hype Hits an Earnings Reality Check
Receive News & Ratings for Universal Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Insurance and related companies with MarketBeat.com's FREE daily email newsletter.
