Universal Insurance (UVE) Scheduled to Post Earnings on Thursday

Universal Insurance (NYSE:UVE) will release its earnings data after the market closes on Thursday, April 25th. Analysts expect Universal Insurance to post earnings of $1.04 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Universal Insurance (NYSE:UVE) last announced its quarterly earnings results on Thursday, February 22nd. The insurance provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.20. The firm had revenue of $375.46 million for the quarter, compared to the consensus estimate of $328.12 million. Universal Insurance had a return on equity of 18.14% and a net margin of 4.80%. On average, analysts expect Universal Insurance to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Universal Insurance Price Performance

Shares of NYSE UVE opened at $19.84 on Tuesday. The business’s 50 day moving average price is $19.31 and its two-hundred day moving average price is $17.16. The company has a market cap of $574.76 million, a PE ratio of 9.02 and a beta of 0.83. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.30. Universal Insurance has a twelve month low of $11.15 and a twelve month high of $21.75.

Universal Insurance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Thursday, May 9th. Universal Insurance’s dividend payout ratio (DPR) is presently 29.09%.

Analyst Ratings Changes

A number of equities analysts have weighed in on UVE shares. TheStreet raised Universal Insurance from a “c+” rating to a “b” rating in a research report on Monday, February 26th. Piper Sandler reissued an “overweight” rating and set a $25.00 price target on shares of Universal Insurance in a research report on Monday, April 1st. Finally, StockNews.com raised Universal Insurance from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 4th.

Insider Activity

In related news, Chairman Sean P. Downes sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $19.53, for a total value of $390,600.00. Following the completion of the sale, the chairman now directly owns 1,191,390 shares in the company, valued at $23,267,846.70. The sale was disclosed in a filing with the SEC, which is available at this link. 17.70% of the stock is owned by company insiders.

About Universal Insurance

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.