Universal Insurance Holdings, Inc. (UVE) Given Consensus Recommendation of “Hold” by Brokerages

Universal Insurance Holdings, Inc. (NYSE:UVE) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Zacks has also given Universal Insurance an industry rank of 76 out of 255 based on the ratings given to related companies.

Several research firms have commented on UVE. ValuEngine lowered shares of Universal Insurance from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Keefe, Bruyette & Woods lowered shares of Universal Insurance from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $39.00 to $44.00 in a research note on Friday, July 27th.

In other Universal Insurance news, CEO Sean P. Downes sold 20,000 shares of Universal Insurance stock in a transaction on Monday, June 25th. The shares were sold at an average price of $34.91, for a total transaction of $698,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,459,141 shares of the company’s stock, valued at $50,938,612.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jon Springer sold 7,000 shares of Universal Insurance stock in a transaction on Tuesday, July 10th. The stock was sold at an average price of $35.52, for a total transaction of $248,640.00. Following the transaction, the insider now directly owns 489,725 shares of the company’s stock, valued at $17,395,032. The disclosure for this sale can be found here. Insiders have sold 157,705 shares of company stock valued at $6,642,209 over the last ninety days. 10.60% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of UVE. Alps Advisors Inc. purchased a new stake in shares of Universal Insurance during the first quarter valued at $468,000. New York State Teachers Retirement System lifted its stake in Universal Insurance by 6.6% in the first quarter. New York State Teachers Retirement System now owns 53,558 shares of the insurance provider’s stock worth $1,709,000 after acquiring an additional 3,300 shares during the period. SG Americas Securities LLC lifted its stake in Universal Insurance by 45.4% in the first quarter. SG Americas Securities LLC now owns 7,201 shares of the insurance provider’s stock worth $230,000 after acquiring an additional 2,250 shares during the period. Victory Capital Management Inc. purchased a new stake in Universal Insurance in the first quarter worth about $193,000. Finally, Prudential Financial Inc. lifted its stake in Universal Insurance by 9.2% in the first quarter. Prudential Financial Inc. now owns 119,084 shares of the insurance provider’s stock worth $3,799,000 after acquiring an additional 10,034 shares during the period. 73.88% of the stock is owned by hedge funds and other institutional investors.

UVE traded up $0.15 during trading hours on Monday, hitting $45.45. The company’s stock had a trading volume of 188,651 shares, compared to its average volume of 195,148. Universal Insurance has a 12 month low of $20.25 and a 12 month high of $46.26. The stock has a market capitalization of $1.55 billion, a PE ratio of 11.96 and a beta of 1.79. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.71 and a current ratio of 0.71.

Universal Insurance (NYSE:UVE) last announced its quarterly earnings results on Wednesday, July 25th. The insurance provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.25. The company had revenue of $209.79 million for the quarter. Universal Insurance had a net margin of 16.71% and a return on equity of 29.16%.

Universal Insurance Company Profile

Universal Insurance Holdings, Inc, together with its subsidiaries, operates as an integrated insurance holding company in the United States. The company primarily offers personal residential homeowner's insurance. It also underwrites homeowner's multi-peril insurance; and fire, commercial multi-peril, and other liability lines of business.

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