Universal Insurance (UVE) Expected to Announce Quarterly Earnings on Thursday

Universal Insurance (NYSE:UVE) is anticipated to announce its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $349.91 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Universal Insurance Stock Performance

Shares of NYSE UVE opened at $20.42 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $20.10 and its two-hundred day moving average is $20.63. The company has a market cap of $577.68 million, a P/E ratio of 8.30 and a beta of 0.91. Universal Insurance has a 12 month low of $16.50 and a 12 month high of $23.39.

Universal Insurance Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 7th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Universal Insurance’s previous quarterly dividend of $0.13. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.13%. Universal Insurance’s payout ratio is currently 26.02%.

Analyst Ratings Changes

Separately, StockNews.com cut Universal Insurance from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 14th.

Insider Activity

In other Universal Insurance news, Chairman Sean P. Downes sold 50,000 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $20.51, for a total value of $1,025,500.00. Following the sale, the chairman now directly owns 985,320 shares in the company, valued at $20,208,913.20. This represents a 4.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jon Springer sold 25,000 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $20.63, for a total value of $515,750.00. Following the completion of the transaction, the director now directly owns 383,228 shares in the company, valued at approximately $7,905,993.64. This represents a 6.12 % decrease in their position. The disclosure for this sale can be found here. 17.50% of the stock is currently owned by company insiders.

Universal Insurance Company Profile

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.