Universal Insurance (UVE) Expected to Announce Earnings on Tuesday

Universal Insurance (NYSE:UVE) is expected to be issuing its quarterly earnings data after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $349.91 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Universal Insurance Trading Down 1.9 %

UVE stock opened at $19.59 on Monday. The business has a fifty day moving average price of $20.05 and a 200 day moving average price of $20.66. Universal Insurance has a fifty-two week low of $16.50 and a fifty-two week high of $23.39. The stock has a market capitalization of $554.12 million, a price-to-earnings ratio of 7.96 and a beta of 0.91. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.51 and a quick ratio of 0.51.

Universal Insurance Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 7th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.27%. This is a boost from Universal Insurance’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, March 7th. Universal Insurance’s dividend payout ratio (DPR) is currently 26.02%.

Analyst Upgrades and Downgrades

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

Insider Activity at Universal Insurance

In other news, Chairman Sean P. Downes sold 50,000 shares of Universal Insurance 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 completion of the sale, the chairman now directly owns 985,320 shares of the company’s stock, valued at approximately $20,208,913.20. This trade represents a 4.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jon Springer sold 25,000 shares of Universal Insurance stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $20.63, for a total value of $515,750.00. Following the completion of the sale, the director now directly owns 383,228 shares of the company’s stock, valued at $7,905,993.64. This trade represents a 6.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 17.50% of the company’s stock.

About Universal Insurance

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.