Universal Insurance (UVE) to Release Quarterly Earnings on Thursday

Universal Insurance (NYSE:UVE) will release its earnings data after the market closes on Thursday, October 24th. Analysts expect Universal Insurance to post 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 released its quarterly earnings results on Thursday, July 25th. The insurance provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.03. Universal Insurance had a net margin of 5.60% and a return on equity of 21.14%. The firm had revenue of $380.21 million for the quarter, compared to analysts’ expectations of $340.09 million. During the same period in the prior year, the firm earned $0.87 EPS. On average, analysts expect Universal Insurance to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Universal Insurance Trading Down 0.1 %

Shares of NYSE:UVE opened at $19.24 on Wednesday. Universal Insurance has a 12-month low of $13.56 and a 12-month high of $23.27. The business has a 50 day moving average of $20.68 and a 200-day moving average of $19.77. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.26. The stock has a market cap of $547.96 million, a PE ratio of 6.80 and a beta of 0.89.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Universal Insurance from a “strong-buy” rating to a “buy” rating in a report on Monday, August 5th.

Insiders Place Their Bets

In other news, Chairman Sean P. Downes sold 20,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chairman now directly owns 1,122,262 shares of the company’s stock, valued at approximately $22,445,240. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Jon Springer sold 35,173 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $20.53, for a total transaction of $722,101.69. Following the completion of the sale, the director now owns 473,899 shares of the company’s stock, valued at $9,729,146.47. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Sean P. Downes sold 20,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $22,445,240. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,173 shares of company stock worth $1,571,502 in the last quarter. 17.50% of the stock is currently owned by corporate 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.