Universal Insurance (UVE) to Release Earnings on Thursday

Universal Insurance (NYSE:UVE) will issue its quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of ($0.48) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Universal Insurance (NYSE:UVE) last announced its quarterly earnings data on Thursday, July 25th. The insurance provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.03. Universal Insurance had a return on equity of 21.14% and a net margin of 5.60%. The business had revenue of $380.21 million for the quarter, compared to analyst estimates of $340.09 million. During the same period in the prior year, the company earned $0.87 earnings per share. 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 Trading Up 0.6 %

Shares of NYSE:UVE opened at $19.79 on Thursday. The business has a 50-day moving average price of $20.64 and a 200-day moving average price of $19.77. The stock has a market cap of $563.62 million, a price-to-earnings ratio of 6.99 and a beta of 0.89. Universal Insurance has a 52-week low of $13.56 and a 52-week high of $23.27. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.26.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Universal Insurance from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 5th.

Insider Buying and Selling at Universal Insurance

In related news, Chairman Sean P. Downes sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $20.00, for a total transaction of $400,000.00. Following the sale, the chairman now directly owns 1,122,262 shares of the company’s stock, valued at $22,445,240. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Jon Springer sold 35,173 shares of the firm’s stock in a transaction 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 sale, the director now owns 473,899 shares in the company, valued at approximately $9,729,146.47. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Sean P. Downes sold 20,000 shares of Universal Insurance stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $20.00, for a total transaction of $400,000.00. Following the completion of the transaction, the chairman now directly owns 1,122,262 shares of the company’s stock, valued at $22,445,240. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,173 shares of company stock valued at $1,571,502. 17.50% of the stock is owned by insiders.

About Universal Insurance

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.