Universal Insurance Holdings, Inc UVE Stock Forecast & Price Targets

Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that UVE is an impressive value stock right now. Universal Insurance reported Q2 EPS of $0.47, versus $0.65 reported last year. Revenue for the quarter came in at $292 million, versus $279.2 million reported last year. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

The technique has proven to be very useful for finding positive surprises. In fact, when combining a https://1investing.in/ Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. As an investor, you want to buy stocks with the highest probability of success.

NYSE: UVE

As of 2023 April 11, Tuesday current price of UVE stock is 18.250$ and our data indicates that the asset price has been in an uptrend for the past 1 year . Morningstar Quantitative ratings for equities are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Over the past 49 months, UVE’s revenue has gone up $376,202,000.The table below shows UVE’s growth in key financial areas . If UNIVERSAL INSURANCE HOLDINGS INC takes out the full calculated possible swing range there will be an estimated 7.68% move between the lowest and the highest trading price during the day.

bitcoin addresses worth $100,000 or more hits all-time high for the quarter came in at $287.48 million versus the consensus estimate of… Universal Insurance reported Q4 EPS of $0.72, $1.21 better than the analyst estimate of ($0.49). Revenue for the quarter came in at $330.4 million versus the consensus estimate of… One share of UVE stock can currently be purchased for approximately $18.25. 39 employees have rated Universal Insurance Chief Executive Officer Sean P. Downes on Glassdoor.com. Sean P. Downes has an approval rating of 84% among the company’s employees.

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green. The average analyst rating for UVE stock from 6 stock analysts is “Buy”. This means that analysts believe this stock is likely to outperform the market over the next twelve months. Volatility was left at 4.44%, however, over the last 30 days, the volatility rate increased by 9.68%, as shares surge +51.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +81.33% upper at present.

Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks.

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Universal Insurance announced a quarterly dividend on Thursday, February 9th. Shareholders of record on Thursday, March 9th will be given a dividend of $0.16 per share on Thursday, March 16th. This represents a $0.64 dividend on an annualized basis and a yield of 3.51%.

CEO & Director recently bought US$116k worth of stock

Piper Sandler, on the other hand, stated in their research note that they expect to see UVE reach a price target of $19. The rating they have provided for UVE stocks is “Neutral” according to the report published on May 28th, 2020. Based on 2 analysts giving stock ratings to UVE in the past 3 months. Was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.

Market Cap is calculated by multiplying the number of shares outstanding by the stock’s price. To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company insiders with limits on when it may be traded.Dividend YieldA company’s dividend expressed as a percentage of its current stock price.

This stock’s P/B looks solid versus its industry’s average P/B of 1.32. Over the past 12 months, UVE’s P/B has been as high as 1.41 and as low as 0.82, with a median of 0.98. Real-time analyst ratings, insider transactions, earnings data, and more.

Bank of New York Mellon Corp raised its stake in shares of Universal Insurance by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 412,217 shares of the insurance provider’s stock valued at $5,561,000 after acquiring an additional 11,696 shares during the period. Citigroup Inc. raised its position in Universal Insurance by 13.9% in the 1st quarter. Citigroup Inc. now owns 25,660 shares of the insurance provider’s stock worth $346,000 after purchasing an additional 3,126 shares during the period.

FAQs for Universal Insurance Holdings Inc Stock

Not all coins provided by Apex Crypto LLC are available to New York residents. Please visit /cryptocurrency to see a list of crypto available to trade. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. This means that this stock is suited as a new addition to your portfolio as trading bullish markets is always a lot easier.

The company was formerly known as Universal Heights, Inc. and changed its name to Universal Insurance Holdings, Inc. in January 2001. Universal Insurance Holdings, Inc. was incorporated in 1990 and is headquartered in Fort Lauderdale, Florida. 1 Wall Street analysts have issued 12 month price objectives for Universal Insurance’s stock. On average, they expect the company’s share price to reach $20.00 in the next year. This suggests a possible upside of 9.6% from the stock’s current price.

• APPCIC writes homeowners and commercial residential insurance policies in Florida.
• Analysts estimate an earnings increase this quarter of $2.00 per share, a decrease next quarter of $0.00 per share, an increase this year of $3.05 per share, and an increase next year of $0.75 per share.
• Finally, MetLife Investment Management LLC lifted its position in shares of Universal Insurance by 55.1% during the first quarter.
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In total, 347 thousand shares were bought and sold for approximately $6.34 million. Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. The price of UVE stock during the regular trading on February 10, 2022, was $17.09 with a 0.64% drop. At last check in the aftermarket, the stock further plummeted by 19.4%. There may be delays, omissions, or inaccuracies in the Information. Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits.

A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.