Universal Insurance stock opened at $20.16 on Friday. The business has a 50-day simple moving average of $20.59 and a 200 day simple moving average of $19.81. Universal Insurance has a 52 week low of $15.63 and a 52 week high of $23.27. The stock has a market cap of $574.16 million, a price-to-earnings ratio of 8.20 and a beta of 0.89. The company has a quick ratio of 0.54, a current ratio of 0.51 and a debt-to-equity ratio of 0.25.
Universal Insurance (NYSE:UVE - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The insurance provider reported ($0.73) earnings per share for the quarter, topping the consensus estimate of ($1.03) by $0.30. Universal Insurance had a net margin of 4.82% and a return on equity of 15.43%. The company had revenue of $387.55 million for the quarter, compared to analysts' expectations of $341.98 million. During the same period in the prior year, the business earned ($0.16) earnings per share. On average, research analysts forecast that Universal Insurance will post 1.66 earnings per share for the current fiscal year.
In other Universal Insurance news, Director Jon Springer sold 35,173 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $20.53, for a total transaction of $722,101.69. Following the transaction, the director now directly owns 473,899 shares in the company, valued at $9,729,146.47. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Chairman Sean P. Downes sold 20,000 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $20.21, for a total transaction of $404,200.00. Following the completion of the sale, the chairman now directly owns 1,062,262 shares in the company, valued at $21,468,315.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jon Springer sold 35,173 shares of Universal Insurance stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $20.53, for a total value of $722,101.69. Following the completion of the transaction, the director now directly owns 473,899 shares in the company, valued at $9,729,146.47. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 75,173 shares of company stock worth $1,575,702. 17.50% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of UVE. CWA Asset Management Group LLC purchased a new position in Universal Insurance during the 3rd quarter valued at about $6,322,000. Bank of Montreal Can increased its stake in shares of Universal Insurance by 283.0% during the second quarter. Bank of Montreal Can now owns 374,487 shares of the insurance provider's stock valued at $7,040,000 after buying an additional 276,700 shares during the period. American Century Companies Inc. raised its holdings in shares of Universal Insurance by 44.5% during the second quarter. American Century Companies Inc. now owns 469,803 shares of the insurance provider's stock valued at $8,814,000 after acquiring an additional 144,647 shares in the last quarter. Essex Investment Management Co. LLC raised its holdings in shares of Universal Insurance by 64.6% during the third quarter. Essex Investment Management Co. LLC now owns 201,639 shares of the insurance provider's stock valued at $4,468,000 after acquiring an additional 79,138 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Universal Insurance by 11,666.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 58,713 shares of the insurance provider's stock valued at $1,193,000 after acquiring an additional 58,214 shares in the last quarter. 66.61% of the stock is owned by institutional investors.
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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