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Friday, September 29, 2023

Is Universal Insurance Holdings Inc. (NYSE: UVE) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Universal Insurance Holdings Inc. (UVE) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $13.25. The Universal Insurance Holdings Inc. has recorded 3,864 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Blackstone and Airbnb Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600.

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Stocks Info

This NYSE-listed company operates within the Insurance – Property & Casualty industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $13.25 and fluctuated between $13.61 as its day high and $12.84 as its day low. The current market capitalization of Universal Insurance Holdings Inc. is $388.62M. A total of 0.72 million shares were traded on the day, compared to an average of 253.13K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, UVE has seen 9 BUY and 2 SELL insider trades, representing the acquisition of 36,045 and the disposition of 35,000 shares. Over the last 12 months, there were 20 BUYs and 15 SELLs from insiders. Insiders purchased 162,121 shares during that period but sold 142,260.

In the most recent transaction, Donaghy Stephen bought 5,000 shares of UVE for 12.07 per share on Sep 06. After the transaction, the CEO now owns 706,051 company shares. In a previous transaction on Aug 04, DOWNES SEAN P sold 20,000 shares at 14.60 per share. UVE shares that Executive Chairman owns now total 1,305,591.

Among the insiders who sold shares, PIETRANGELO MICHAEL disposed of 15,000 shares on Jun 21 at a per-share price of $16.34. This resulted in the Director holding 92,425 shares of UVE after the transaction. In another insider transaction, DOWNES SEAN P sold 20,000 shares at $16.87 per share on Jun 13. Company shares held by the Director now total 1,325,591.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Universal Insurance Holdings Inc. pays an annual dividend of $0.64, resulting in a dividend yield of 4.83%, and it has a price to earnings (P/E) ratio of 72.01. UVE’s most recent ex-dividend date was 8/3/2023 when it declared a $0.16 quarterly dividend that was paid in cash on 8/11/2023. Previously, the company paid the dividend on 5/19/2023 with an ex-dividend date of 5/11/2023. The UVE stock dividend was $0.16 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for UVE in the last 3 months, the mean price target is $21.00 with high estimates of $21.00 and low estimates of $21.00. In terms of 52-week highs and lows, UVE has a high of $20.15 and a low of $8.29.

As of this writing, UVE has an earnings estimate of -$0.19 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.1 per share and a lower estimate of -$0.28. The company reported an EPS of $0.79 in the last quarter, which was 6.80% higher than expectations of $0.74.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. UVE’s latest balance sheet shows that the firm has $250.51M in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $11.06, while its Total Shareholder’s Equity was $429.70M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for UVE is Buy with a score of 4.00.

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