Universal Insurance Holdings Inc (UVE) to Release Quarterly Earnings on Tuesday
Universal Insurance Holdings Inc (NYSE:UVE) is scheduled to be posting its Q416 quarterly earnings results on Tuesday, February 21st. Analysts expect Universal Insurance Holdings to post earnings of $0.30 per share and revenue of $174.26 million for the quarter.
Shares of Universal Insurance Holdings Inc (NYSE:UVE) opened at 26.90 on Friday. The company’s 50-day moving average is $27.17 and its 200 day moving average is $24.45. The firm has a market capitalization of $942.60 million, a price-to-earnings ratio of 8.33 and a beta of 1.77. Universal Insurance Holdings Inc has a 1-year low of $16.32 and a 1-year high of $29.20.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 2nd. Stockholders of record on Friday, February 17th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Wednesday, February 15th. Universal Insurance Holdings’s dividend payout ratio is 17.39%.
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In other news, Director Michael Pietrangelo sold 17,000 shares of the stock in a transaction on Monday, December 12th. The shares were sold at an average price of $25.65, for a total value of $436,050.00. Following the completion of the transaction, the director now owns 44,248 shares in the company, valued at approximately $1,134,961.20. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 8.40% of the company’s stock.
Universal Insurance Holdings Company Profile
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 writes personal residential homeowners insurance policies, predominantly in Florida.
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