Universal Insurance (UVE) Set to Announce Earnings on Thursday

Universal Insurance (NYSE:UVE) will be releasing 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. Individual interested in registering for the company’s earnings conference call can do so using this link.

Universal Insurance (NYSE:UVE) last posted its earnings results on Thursday, July 25th. The insurance provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.03. The company had revenue of $380.21 million for the quarter, compared to the consensus estimate of $340.09 million. Universal Insurance had a return on equity of 21.14% and a net margin of 5.60%. During the same quarter in the prior year, the company earned $0.87 earnings per share. 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 3.2 %

Universal Insurance stock opened at $19.23 on Tuesday. Universal Insurance has a 52-week low of $13.56 and a 52-week high of $23.27. The company has a market cap of $547.67 million, a P/E ratio of 6.80 and a beta of 0.89. 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 business has a 50-day simple moving average of $20.69 and a two-hundred day simple moving average of $19.77.

Analyst Upgrades and Downgrades

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

Insider Activity at Universal Insurance

In other Universal Insurance news, Chairman Sean P. Downes sold 20,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $22.47, for a total value of $449,400.00. Following the completion of the sale, the chairman now owns 1,082,262 shares in the company, valued at $24,318,427.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Jon Springer sold 35,173 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $20.53, for a total value of $722,101.69. Following the completion of the transaction, the director now owns 473,899 shares of the company’s stock, valued at approximately $9,729,146.47. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Sean P. Downes sold 20,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $22.47, for a total value of $449,400.00. Following the sale, the chairman now directly owns 1,082,262 shares in the company, valued at approximately $24,318,427.14. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,173 shares of company stock worth $1,571,502. Corporate insiders own 17.50% 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. 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.