Universal Insurance Holdings Earns Outperform Rating from Analysts at Keefe, Bruyette & Woods (UVE)
Stock analysts at Keefe, Bruyette & Woods started coverage on shares of Universal Insurance Holdings (NYSE:UVE) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Shares of Universal Insurance Holdings (NYSE:UVE) opened at 13.86 on Tuesday. Universal Insurance Holdings has a 52 week low of $6.36 and a 52 week high of $15.42. The stock has a 50-day moving average of $12.94 and a 200-day moving average of $13.11. The company has a market cap of $470.8 million and a price-to-earnings ratio of 7.94.
Universal Insurance Holdings (NYSE:UVE) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.12.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Tuesday, September 23rd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Friday, September 19th.
In other Universal Insurance Holdings news, COO Jon Springer sold 4,000 shares of Universal Insurance Holdings stock on the open market in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $13.49, for a total value of $53,960.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Universal Insurance Holdings, Inc (NYSE:UVE) is a vertically integrated insurance company.
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