UNIVERSAL INSURANCE HOLDINGS INC (UVE) Set to Announce Earnings on Tuesday
UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE) will release its earnings data after the market closes on Tuesday, October 31st. Analysts expect UNIVERSAL INSURANCE HOLDINGS INC to post earnings of $0.70 per share for the quarter.
UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE) opened at 24.10 on Tuesday. The firm’s 50-day moving average is $22.10 and its 200 day moving average is $23.68. UNIVERSAL INSURANCE HOLDINGS INC has a 12 month low of $15.07 and a 12 month high of $29.20. The stock has a market capitalization of $839.79 million, a P/E ratio of 8.53 and a beta of 1.83.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, September 12th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, September 11th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.32%. UNIVERSAL INSURANCE HOLDINGS INC’s dividend payout ratio (DPR) is 19.93%.
In other news, CFO Frank Wilcox purchased 2,000 shares of the stock in a transaction dated Friday, September 8th. The stock was acquired at an average price of $17.69 per share, for a total transaction of $35,380.00. Following the completion of the transaction, the chief financial officer now owns 96,024 shares of the company’s stock, valued at $1,698,664.56. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 10.50% of the stock is currently owned by corporate insiders.
Several research firms have recently commented on UVE. ValuEngine upgraded shares of UNIVERSAL INSURANCE HOLDINGS INC from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 6th. Keefe, Bruyette & Woods restated a “buy” rating and set a $29.00 price target on shares of UNIVERSAL INSURANCE HOLDINGS INC in a research report on Friday, August 18th. Finally, BidaskClub lowered shares of UNIVERSAL INSURANCE HOLDINGS INC from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st.
UNIVERSAL INSURANCE HOLDINGS INC Company Profile
Universal Insurance Holdings, Inc (UVE) is a private personal residential homeowners insurance company in Florida. The Company performs substantially all aspects of insurance underwriting, policy issuance, general administration, and claims processing and settlement internally. The Company’s subsidiaries include Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC).
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