Should I buy or sell Universal Insurance stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Universal Insurance in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" UVE shares. View UVE analyst ratings or view top-rated stocks .

What is Universal Insurance's stock price target for 2024?

1 Wall Street analysts have issued 12 month price targets for Universal Insurance's stock. Their UVE share price targets range from $25.00 to $25.00. On average, they predict the company's share price to reach $25.00 in the next year. This suggests a possible upside of 33.1% from the stock's current price. View analysts price targets for UVE or view top-rated stocks among Wall Street analysts .

How have UVE shares performed in 2024?

Universal Insurance's stock was trading at $15.98 at the beginning of the year. Since then, UVE stock has increased by 17.5% and is now trading at $18.78. View the best growth stocks for 2024 here .

Are investors shorting Universal Insurance?

Universal Insurance saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 379,400 shares, an increase of 80.9% from the February 29th total of 209,700 shares. Based on an average trading volume of 197,700 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.5% of the company's shares are sold short. View Universal Insurance's Short Interest .

When is Universal Insurance's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our UVE earnings forecast .

How can I listen to Universal Insurance's earnings call?

Universal Insurance will be holding an earnings conference call on Friday, April 26th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Universal Insurance's earnings last quarter?

Universal Insurance Holdings, Inc. (NYSE:UVE) released its quarterly earnings results on Thursday, February, 22nd. The insurance provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.20. The insurance provider earned $375.46 million during the quarter, compared to the consensus estimate of $328.12 million. Universal Insurance had a trailing twelve-month return on equity of 18.14% and a net margin of 4.80%.

How often does Universal Insurance pay dividends? What is the dividend yield for Universal Insurance?

Universal Insurance declared a quarterly dividend on Wednesday, April 10th. Stockholders of record on Friday, May 10th will be given a dividend of $0.16 per share on Friday, May 17th. This represents a $0.64 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Thursday, May 9th. Read our dividend analysis for UVE .

Is Universal Insurance a good dividend stock?

Universal Insurance (NYSE:UVE) pays an annual dividend of $0.64 per share and currently has a dividend yield of 3.35%. The dividend payout ratio is 29.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UVE will have a dividend payout ratio of 24.15% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for UVE .

What ETFs hold Universal Insurance's stock?

ETFs with the largest weight of Universal Insurance (NYSE:UVE) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP) . iShares US Small Cap Value Factor ETF (SVAL) .

What is Sean P. Downes' approval rating as Universal Insurance's CEO?

39 employees have rated Universal Insurance Chief Executive Officer Sean P. Downes on Glassdoor.com . Sean P. Downes has an approval rating of 84% among the company's employees.

What other stocks do shareholders of Universal Insurance own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Universal Insurance investors own include Evolent Health (EVH) , Starbucks (SBUX) , AT&T (T) , Netflix (NFLX) , Twitter (TWTR) , Verizon Communications (VZ) , Broadcom (AVGO) , QUALCOMM (QCOM) , Gilead Sciences (GILD) and Skyworks Solutions (SWKS) .

Who are Universal Insurance's major shareholders?

Universal Insurance's stock is owned by many different institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (0.50%) and Counterpoint Mutual Funds LLC (0.05%). Insiders that own company stock include Francis Xavier Mccahill III, Frank Wilcox, Gary Lloyd Ropiecki, Jon Springer, Marlene Gordon, Michael Pietrangelo, Scott P Callahan, Sean P Downes and Stephen Donaghy. View institutional ownership trends .

How do I buy shares of Universal Insurance?

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 .

NYSE:UVE

Universal Insurance (UVE) Stock Price, News & Analysis

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Free UVE Stock Alerts

$18.78

-0.40 (-2.09%)

(As of 04/17/2024 ET)

Compare

Today's Range: $18.74
▼
$19.34
50-Day Range: $16.01
▼
$21.09
52-Week Range: $11.15
▼
$21.75

Volume: 124,643 shs
Average Volume: 186,172 shs
Market Capitalization: $544.06 million

P/E Ratio: 8.54
Dividend Yield: 3.41%
Price Target: $25.00

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Universal Insurance MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 33.1% Upside
$25.00 Price Target
Short Interest: Healthy
1.26% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -1.23
Upright™ Environmental Score
News Sentiment: 0.80
Based on 3 Articles This Week
Insider Trading: Selling Shares
$390,600 Sold Last Quarter
Proj. Earnings Growth: 15.22%
From $2.30 to $2.65 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.96 out of 5 stars

Finance Sector

15th out of 819 stocks

Fire, Marine, & Casualty Insurance Industry

1st out of 48 stocks

3.5

Analyst's Opinion

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 only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.26% 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 1.7, 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 13.81%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Universal Insurance pays a meaningful dividend of 3.35%, 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 29.09%. 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.

1.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Universal Insurance has received a -6.10% net impact score from Upright. Universal Insurance uses resources or causes negative impacts mostly in categories "Scarce human capital", "GHG emissions", and "Physical diseases". The negative contribution in the "GHG emissions" impact category seems to be driven mostly by its "Passenger car insurance services for individuals", "Motorcycle insurance services for individuals", and "Basic home insurance services for individuals" products. See details.
Environmental Sustainability
The Environmental Impact score for Universal Insurance is -1.23.

2.7

News and Social Media Coverage

News Sentiment
Universal Insurance has a news sentiment score of 0.80. 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 is a higher news sentiment than the 0.53 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Universal Insurance this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for UVE on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

3.3

Company Ownership

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 $390,600.00 in company stock.
Percentage Held by Insiders
17.70% 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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Universal Insurance are expected to grow by 15.22% in the coming year, from $2.30 to $2.65 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Universal Insurance is 8.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Universal Insurance is 8.54, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.65.
Price to Book Value per Share Ratio
Universal Insurance has a P/B Ratio of 1.61. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Universal Insurance Stock (NYSE:UVE)

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.

UVE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

UVE Stock News Headlines

April 18, 2024 | americanbankingnews.com

Universal Insurance (UVE) to Release Earnings on Thursday

April 10, 2024 | businesswire.com

Universal Declares Regular Cash Dividend & Announces Earnings Dates

April 18, 2024 | Priority Gold (Ad)

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April 1, 2024 | markets.businessinsider.com

Piper Sandler Keeps Their Buy Rating on Universal Insurance Holdings (UVE)

March 30, 2024 | msn.com

Best Universal Life Insurance of April 2024

March 12, 2024 | fool.com

Why Universal Insurance Holdings Stock Popped Today

March 12, 2024 | markets.businessinsider.com

Universal Insurance Board Authorizes Share Repurchase Program - Quick Facts

March 12, 2024 | markets.businessinsider.com

Universal Insurance Rises Following Share Buyback Announcement

April 18, 2024 | Priority Gold (Ad)

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March 4, 2024 | finance.yahoo.com

Universal Insurance Holdings Full Year 2023 Earnings: Beats Expectations

February 28, 2024 | cnn.com

Variable universal life insurance (VUL): How it works

February 27, 2024 | finance.yahoo.com

Institutional investors are Universal Insurance Holdings, Inc.'s (NYSE:UVE) biggest bettors and were rewarded after last week's US$82m market cap gain

February 24, 2024 | finance.yahoo.com

Universal Insurance Holdings, Inc. (NYSE:UVE) Q4 2023 Earnings Call Transcript

February 24, 2024 | au.investing.com

Earnings call: Universal Insurance reports Q4 results, eyes future growth

February 23, 2024 | fool.com

Why Universal Insurance Holdings Stock Soared by 22% on Friday

February 22, 2024 | benzinga.com

Universal Insurance Hldgs: Q4 Earnings Insights

February 22, 2024 | msn.com

Universal Insurance Non-GAAP EPS of $0.43 beats by $0.20, revenue of $375.5M beats by $47.38M

February 22, 2024 | finance.yahoo.com

Universal Insurance Holdings Inc (UVE) Reports Q4 and Full Year 2023 Results

February 22, 2024 | businesswire.com

Universal Reports Fourth Quarter 2023 Results

February 17, 2024 | wsj.com

Universal Insurance Holdings Inc.

February 16, 2024 | finance.yahoo.com

UVE Mar 2024 17.500 call

February 16, 2024 | finance.yahoo.com

UVE Mar 2024 12.500 put

February 14, 2024 | tmcnet.com

AM Best Maintains Under Review With Negative Implications Status for Credit Ratings of Universal North America Insurance Company

February 14, 2024 | tmcnet.com

AM Best Maintains Under Review With Negative Implications Status for Credit Ratings of Universal North America Insurance Company

February 9, 2024 | msn.com

Universal Insurance Announces Dividend and Earnings Dates

February 6, 2024 | finance.yahoo.com

Donald Smith & Co. Bolsters Position in Universal Insurance Holdings Inc

January 26, 2024 | finance.yahoo.com

Universal Insurance Holdings, Inc.'s (NYSE:UVE) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?

See More Headlines

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Company Calendar

Last Earnings: 2/22/2024
Ex-Dividend for 3/15 Dividend: 3/07/2024
Dividend Payable: 3/15/2024
Today: 4/17/2024
Next Earnings (Confirmed): 4/25/2024
Ex-Dividend for 5/17 Dividend: 5/09/2024
Dividend Payable: 5/17/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Fire, marine, & casualty insurance
Sub-Industry: Property & Casualty Insurance
Current Symbol: NYSE:UVE
CUSIP: 91359V10
CIK: 891166
Web: www.universalinsuranceholdings.com
Phone: (954) 958-1200
Fax: 302-636-5454
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: +33.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.20
Trailing P/E Ratio: 8.54
Forward P/E Ratio: 8.17
P/E Growth: N/A
Net Income: $66.82 million
Net Margins: 4.80%
Pretax Margin: 6.35%
Return on Equity: 18.14%
Return on Assets: 2.28%

Debt

Debt-to-Equity Ratio: 0.30
Current Ratio: 0.53
Quick Ratio: 0.53

Sales & Book Value

Annual Sales: $1.39 billion
Price / Sales: 0.39
Cash Flow: $2.46 per share
Price / Cash Flow: 7.62
Book Value: $11.69 per share
Price / Book: 1.61

Miscellaneous

Outstanding Shares: 28,970,000
Free Float: 23,842,000
Market Cap: $544.06 million
Optionable: Optionable
Beta: 0.83

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Key Executives

Mr. Sean Patrick Downes (Age 54)
Executive Chairman
Comp: $1.57M
Mr. Stephen Joseph Donaghy (Age 59)
CEO & Director
Comp: $2.52M
Mr. Frank Crawford Wilcox (Age 58)
Chief Financial Officer
Comp: $848.86k
Ms. Kimberly Denice Campos (Age 46)
Chief Information Officer, Chief Administrative Officer & Director
Comp: $442.29k
Mr. Michael J. Poloskey (Age 53)
Chief Operating Officer
Mr. Rob Luther
Chief Investment Officer
Mr. Gary Lloyd Ropiecki
Principal Accounting Officer & Secretary
Mr. Darryl Lamont Lewis (Age 59)
Chief Legal Officer
Comp: $58.33k
Mr. Jason M. Burns (Age 44)
President of Blue Atlantic
Mr. Matthew John Palmieri (Age 44)
Chief Risk Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

UVE Stock Analysis - Frequently Asked Questions

Should I buy or sell Universal Insurance stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Universal Insurance in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" UVE shares.
View UVE analyst ratings or view top-rated stocks.
What is Universal Insurance's stock price target for 2024?: 1 Wall Street analysts have issued 12 month price targets for Universal Insurance's stock. Their UVE share price targets range from $25.00 to $25.00. On average, they predict the company's share price to reach $25.00 in the next year. This suggests a possible upside of 33.1% from the stock's current price.
View analysts price targets for UVE or view top-rated stocks among Wall Street analysts.
How have UVE shares performed in 2024?: Universal Insurance's stock was trading at $15.98 at the beginning of the year. Since then, UVE stock has increased by 17.5% and is now trading at $18.78.
View the best growth stocks for 2024 here.
Are investors shorting Universal Insurance?: Universal Insurance saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 379,400 shares, an increase of 80.9% from the February 29th total of 209,700 shares. Based on an average trading volume of 197,700 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.5% of the company's shares are sold short.
View Universal Insurance's Short Interest.
When is Universal Insurance's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our UVE earnings forecast.
How can I listen to Universal Insurance's earnings call?: Universal Insurance will be holding an earnings conference call on Friday, April 26th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Universal Insurance's earnings last quarter?: Universal Insurance Holdings, Inc. (NYSE:UVE) released its quarterly earnings results on Thursday, February, 22nd. The insurance provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.20. The insurance provider earned $375.46 million during the quarter, compared to the consensus estimate of $328.12 million. Universal Insurance had a trailing twelve-month return on equity of 18.14% and a net margin of 4.80%.
How often does Universal Insurance pay dividends? What is the dividend yield for Universal Insurance?: Universal Insurance declared a quarterly dividend on Wednesday, April 10th. Stockholders of record on Friday, May 10th will be given a dividend of $0.16 per share on Friday, May 17th. This represents a $0.64 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Thursday, May 9th.
Read our dividend analysis for UVE.

Is Universal Insurance a good dividend stock?: Universal Insurance (NYSE:UVE) pays an annual dividend of $0.64 per share and currently has a dividend yield of 3.35%. The dividend payout ratio is 29.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UVE will have a dividend payout ratio of 24.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for UVE.
What ETFs hold Universal Insurance's stock?: ETFs with the largest weight of Universal Insurance (NYSE:UVE) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP).iShares US Small Cap Value Factor ETF (SVAL).
What is Sean P. Downes' approval rating as Universal Insurance's CEO?: 39 employees have rated Universal Insurance Chief Executive Officer Sean P. Downes on Glassdoor.com. Sean P. Downes has an approval rating of 84% among the company's employees.
What other stocks do shareholders of Universal Insurance own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Universal Insurance investors own include Evolent Health (EVH), Starbucks (SBUX), AT&T (T), Netflix (NFLX), Twitter (TWTR), Verizon Communications (VZ), Broadcom (AVGO), QUALCOMM (QCOM), Gilead Sciences (GILD) and Skyworks Solutions (SWKS).
Who are Universal Insurance's major shareholders?: Universal Insurance's stock is owned by many different institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (0.50%) and Counterpoint Mutual Funds LLC (0.05%). Insiders that own company stock include Francis Xavier Mccahill III, Frank Wilcox, Gary Lloyd Ropiecki, Jon Springer, Marlene Gordon, Michael Pietrangelo, Scott P Callahan, Sean P Downes and Stephen Donaghy.
View institutional ownership trends.
How do I buy shares of Universal Insurance?: 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.

This page (NYSE:UVE) was last updated on 4/18/2024 by MarketBeat.com Staff

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Universal Insurance (UVE) Stock Price, News & Analysis

Universal Insurance MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Universal Insurance Stock (NYSE:UVE)

UVE Stock Price History

UVE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

UVE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™