Universal Insurance (NYSE:UVE – Get Free Report) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Monday.
A number of other research analysts have also issued reports on the company. TheStreet lowered Universal Insurance from a “b-” rating to a “c” rating in a report on Monday, August 28th. Piper Sandler dropped their target price on Universal Insurance from $23.00 to $22.00 in a report on Thursday, July 6th.
Get Our Latest Stock Report on UVE
Universal Insurance Stock Performance
UVE traded up $0.14 during trading on Monday, hitting $13.53. 231,635 shares of the stock were exchanged, compared to its average volume of 290,591. The firm has a market capitalization of $407.25 million, a P/E ratio of 75.17 and a beta of 0.90. Universal Insurance has a 1-year low of $8.39 and a 1-year high of $20.15. The stock has a fifty day moving average price of $13.88 and a two-hundred day moving average price of $15.76. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.31.
Universal Insurance (NYSE:UVE – Get Free Report) last released its quarterly earnings results on Thursday, July 27th. The insurance provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.78 by $0.09. The company had revenue of $339.57 million for the quarter, compared to analyst estimates of $324.79 million. Universal Insurance had a return on equity of 1.20% and a net margin of 0.43%. As a group, sell-side analysts predict that Universal Insurance will post 2 earnings per share for the current year.
Insider Activity at Universal Insurance
In other Universal Insurance news, CEO Stephen Donaghy purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were purchased at an average cost of $12.07 per share, for a total transaction of $60,350.00. Following the completion of the purchase, the chief executive officer now directly owns 706,051 shares in the company, valued at $8,522,035.57. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Chairman Sean P. Downes sold 20,000 shares of Universal Insurance stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $14.60, for a total value of $292,000.00. Following the sale, the chairman now directly owns 1,305,591 shares in the company, valued at $19,061,628.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Stephen Donaghy purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was acquired at an average price of $12.07 per share, for a total transaction of $60,350.00. Following the completion of the purchase, the chief executive officer now owns 706,051 shares of the company’s stock, valued at $8,522,035.57. The disclosure for this purchase can be found here. Company insiders own 17.70% of the company’s stock.
Institutional Trading of Universal Insurance
A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Universal Insurance by 1.6% during the third quarter. Vanguard Group Inc. now owns 1,881,590 shares of the insurance provider’s stock worth $18,534,000 after purchasing an additional 28,986 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Universal Insurance by 9.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,726,844 shares of the insurance provider’s stock worth $23,295,000 after purchasing an additional 142,189 shares in the last quarter. State Street Corp boosted its position in Universal Insurance by 0.6% during the first quarter. State Street Corp now owns 1,224,241 shares of the insurance provider’s stock worth $22,306,000 after purchasing an additional 7,093 shares in the last quarter. Invesco Ltd. boosted its position in Universal Insurance by 28.9% during the first quarter. Invesco Ltd. now owns 1,173,582 shares of the insurance provider’s stock worth $15,831,000 after purchasing an additional 263,456 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Universal Insurance by 1.7% during the second quarter. Geode Capital Management LLC now owns 517,874 shares of the insurance provider’s stock worth $7,991,000 after purchasing an additional 8,626 shares in the last quarter. 66.43% of the stock is currently owned by hedge funds and other institutional investors.
Universal Insurance Company Profile
(Get Free Report)
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.
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