Universal Insurance (UVE) Scheduled to Post Earnings on Thursday

Universal Insurance (NYSE:UVE) is set to post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Universal Insurance to post earnings of $1.04 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Universal Insurance (NYSE:UVE) last issued its earnings results on Thursday, February 22nd. The insurance provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.20. Universal Insurance had a return on equity of 18.14% and a net margin of 4.80%. The company had revenue of $375.46 million for the quarter, compared to analyst estimates of $328.12 million. 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 Stock Performance

Shares of UVE stock opened at $19.84 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.53 and a quick ratio of 0.53. Universal Insurance has a fifty-two week low of $11.15 and a fifty-two week high of $21.75. The stock’s 50-day moving average is $19.31 and its two-hundred day moving average is $17.16. The firm has a market cap of $574.76 million, a P/E ratio of 9.02 and a beta of 0.83.

Universal Insurance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, May 9th. Universal Insurance’s payout ratio is currently 29.09%.

Insider Activity

In other news, Chairman Sean P. Downes sold 20,000 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $19.53, for a total transaction of $390,600.00. Following the transaction, the chairman now owns 1,191,390 shares of the company’s stock, valued at approximately $23,267,846.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 17.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Universal Insurance Company Profile

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.