Universal Insurance Holdings, Inc. (NYSE:UVE) – Stock analysts at Piper Sandler cut their Q2 2021 EPS estimates for shares of Universal Insurance in a research note issued to investors on Thursday, April 29th. Piper Sandler analyst T. Shimp now forecasts that the insurance provider will post earnings per share of $0.46 for the quarter, down from their prior forecast of $0.69.
Universal Insurance (NYSE:UVE) last posted its earnings results on Wednesday, April 28th. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.15. Universal Insurance had a negative net margin of 1.38% and a negative return on equity of 10.94%.
Shares of NYSE:UVE opened at $14.60 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $455.75 million, a PE ratio of -34.76 and a beta of 1.08. Universal Insurance has a 1 year low of $10.84 and a 1 year high of $20.85. The firm has a fifty day moving average price of $14.39 and a 200 day moving average price of $14.45.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 21st. Investors of record on Friday, May 14th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend is Thursday, May 13th. Universal Insurance’s dividend payout ratio is currently 54.24%.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vantage Consulting Group Inc bought a new stake in Universal Insurance during the fourth quarter valued at about $52,000. Schroder Investment Management Group acquired a new position in shares of Universal Insurance during the fourth quarter worth approximately $81,000. US Bancorp DE bought a new stake in shares of Universal Insurance in the fourth quarter valued at approximately $95,000. Guggenheim Capital LLC acquired a new stake in shares of Universal Insurance in the fourth quarter worth $168,000. Finally, Citigroup Inc. increased its position in Universal Insurance by 120.5% during the fourth quarter. Citigroup Inc. now owns 13,293 shares of the insurance provider’s stock worth $201,000 after acquiring an additional 7,264 shares during the period. Hedge funds and other institutional investors own 71.92% of the company’s stock.
Universal Insurance Company Profile
Universal Insurance Holdings, Inc, together with its subsidiaries, operates as an integrated insurance holding company in the United States. The company develops, markets, and underwrites insurance products for personal residential insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire; allied lines, coverage for other structures, and personal property; and commercial residential multi-peril, as well as liability and personal articles coverages.
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