Universal Insurance Holdings Inc (NYSE:UVE – Get Free Report) declared a dividend on Thursday, November 5th. Shareholders of record on Friday, December 4th will be given a dividend of $0.13 per share by the insurance provider on Friday, December 11th. The ex-dividend date is Friday, December 4th.
Universal Insurance has a dividend payout ratio of 21.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Universal Insurance to earn $5.30 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 12.1%.
Universal Insurance Price Performance
Shares of NYSE:UVE opened at $47.27 on Friday. Universal Insurance has a fifty-two week low of $28.32 and a fifty-two week high of $50.75. The business has a 50-day moving average of $45.22 and a two-hundred day moving average of $39.17. The stock has a market capitalization of $1.31 billion, a P/E ratio of 5.91 and a beta of 0.63. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.56 and a quick ratio of 0.57.
Universal Insurance (NYSE:UVE – Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The insurance provider reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.36. Universal Insurance had a return on equity of 38.15% and a net margin of 13.94%. The business had revenue of $444.31 million for the quarter, compared to analyst estimates of $601.67 million. On average, equities research analysts predict that Universal Insurance will post 6.13 EPS for the current fiscal year.
About Universal Insurance
Universal Insurance Holdings, Inc (NYSE: UVE) is an insurance holding company that provides property and casualty insurance through its subsidiaries. Its primary business is personal residential insurance, with products designed to protect homeowners and other residential property owners against risks such as wind, fire, theft and other covered losses.
The company’s offerings include homeowners, condominium unit owners, renters and dwelling fire insurance, along with related residential property coverage.
Read More
- Five stocks we like better than Universal Insurance
- 3 Dividend ETFs Offer Different Ways to Navigate the Post-Election Sell-Off
- Riot’s $28B Lease Shows Why Location and Contracts Matter in AI
- These 3 Underperforming Stocks Are Seeing Notable CEO Insider Trades
- GE Aerospace Has a $170 Billion Backlog, But Is the Stock Worth the Premium?
Receive News & Ratings for Universal Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Insurance and related companies with MarketBeat.com's FREE daily email newsletter.
