Universal Insurance Holdings Inc (NYSE:UVE) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 8th.
Universal Insurance Holdings Inc (UVE) opened at $23.30 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $811.92, a price-to-earnings ratio of 8.29 and a beta of 1.85. Universal Insurance Holdings Inc has a 12-month low of $15.07 and a 12-month high of $29.20.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 24th. Stockholders of record on Tuesday, September 12th were paid a $0.14 dividend. The ex-dividend date of this dividend was Monday, September 11th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.40%. Universal Insurance Holdings’s dividend payout ratio (DPR) is presently 19.93%.
In other Universal Insurance Holdings news, CFO Frank Wilcox acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was acquired at an average cost of $17.69 per share, for a total transaction of $35,380.00. Following the transaction, the chief financial officer now owns 96,024 shares of the company’s stock, valued at $1,698,664.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.50% of the stock is currently owned by insiders.
A number of brokerages have recently commented on UVE. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $29.00 price target on shares of Universal Insurance Holdings in a research note on Friday, August 18th. ValuEngine cut Universal Insurance Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 18th. Finally, BidaskClub cut Universal Insurance Holdings from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st.
About Universal Insurance Holdings
Universal Insurance Holdings, Inc (UVE) is a private personal residential homeowners insurance company in Florida. The Company performs substantially all aspects of insurance underwriting, policy issuance, general administration, and claims processing and settlement internally. The Company’s subsidiaries include Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC).
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