Profile
Sector:
Financial ServicesIndustry:
Insurance - Property & CasualtyCountry:
United StatesIPO:
06 June 2003Next earnings report:
25 October 2024Last dividends:
02 August 2024Next dividends:
N/APrice
after hours | Thu, 03 Oct 2024 22:08:03 GMTAnalysts recommendations
Institutional Ownership
UVE Latest News
Universal Insurance Holdings (UVE) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $0.87 per share a year ago.
The insurer exceeded the average analyst prediction for first-quarter profits but fell short on revenue by a significant margin.
Universal Insurance (UVE) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
Universal Insurance jumped after announcing a new $20 million share repurchase program. Shares are up nearly 30% over the past month after the company posted a surprise profit with its fourth-quarter update.
The insurer published a fresh set of quarterly results after market hours Thursday. It had a mixed quarter, but its bottom-line beat was crushing.
Universal Insurance Holdings (UVE) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.72 per share a year ago.
Universal Insurance Holdings rated Buy today, agreeing with the bullish consensus from SA analysts and Wall Street. The bullish thesis is driven by nearly 4% dividend yield, 10-year dividend growth, expected future insurance customer growth, and earnings improvement, despite a net loss. Equity growth is healthy and their cash position too, while the share price is trading only just 7% above its moving average.
Universal Insurance Holdings, Inc. (NYSE:UVE ) Q3 2023 Earnings Conference Call October 27, 2023 10:00 AM ET Company Participants Arash Soleimani - Chief Strategy Officer Steve Donaghy - Chief Executive Officer Frank Wilcox - Chief Financial Otter Conference Call Participants Nic Iacoviello - Dowling & Partners Paul Newsome - Piper Sandler Operator Good morning, ladies and gentlemen, and welcome to Universal's Third Quarter 2023 Earnings Conference Call. As a reminder this conference call is being recorded.
Universal Insurance Holdings (UVE) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.28. This compares to loss of $2.27 per share a year ago.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
What type of business is Universal Insurance Holdings?
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. The company also advises on actuarial issues, oversees distribution, administers claims payments, performs policy administration and underwriting, and assists with reinsurance negotiations; places and manages reinsurance programs for the insurance entities; and operates Clovered.com, a digital agency for various carrier partners and utilization of digital applications for adjusting claims. It offers its products through a network of independent agents, as well as direct-to-consumer online solutions, including digital insurance agency. 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.
What sector is Universal Insurance Holdings in?
Universal Insurance Holdings is in the Financial Services sector
What industry is Universal Insurance Holdings in?
Universal Insurance Holdings is in the Insurance - Property & Casualty industry
What country is Universal Insurance Holdings from?
Universal Insurance Holdings is headquartered in United States
When did Universal Insurance Holdings go public?
Universal Insurance Holdings initial public offering (IPO) was on 06 June 2003
What is Universal Insurance Holdings website?
https://www.universalinsuranceholdings.com
Is Universal Insurance Holdings in the S&P 500?
No, Universal Insurance Holdings is not included in the S&P 500 index
Is Universal Insurance Holdings in the NASDAQ 100?
No, Universal Insurance Holdings is not included in the NASDAQ 100 index
Is Universal Insurance Holdings in the Dow Jones?
No, Universal Insurance Holdings is not included in the Dow Jones index
When was Universal Insurance Holdings the previous earnings report?
No data
When does Universal Insurance Holdings earnings report?
The next expected earnings date for Universal Insurance Holdings is 25 October 2024