28-Mar-2024
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Universal Announces New $20 Million Share Repurchase Authorization
Business Wire (Tue, 12-Mar 8:30 AM ET)
Universal Reports Fourth Quarter 2023 Results
Business Wire (Thu, 22-Feb 4:10 PM ET)
Universal Declares Regular Cash Dividend & Announces Earnings Dates
Business Wire (Thu, 8-Feb 4:10 PM ET)
Universal Insurance Holdings Inc is a private personal residential homeowner insurance company. The company develops, markets, and underwrites insurance products for consumers predominantly in the personal residential homeowners' lines of business and performs substantially all other insurance-related services for its primary insurance entities, including risk management, claims management, and distribution. The company generates revenue from the collection of premiums. It operates within Florida and across the United States. The company's primary insurance subsidiaries, (UPCIC) and (APPCIC) provide insurance for personal residential: homeowners, renters/tenants, condo unit owners, and other related coverages.
Universal Insurance Hldgs trades on the NYSE stock market under the symbol UVE.
As of March 28, 2024, UVE stock price climbed to $20.32 with 156,876 million shares trading.
UVE has a beta of 0.74, meaning it tends to be less sensitive to market movements. UVE has a correlation of 0.04 to the broad based SPY ETF.
UVE has a market cap of $593.06 million. This is considered a Small Cap stock.
Last quarter Universal Insurance Hldgs reported $375 million in Revenue and $.43 earnings per share. This beat revenue expectation by $47 million and exceeded earnings estimates by $.18.
In the last 3 years, UVE stock traded as high as $21.75 and as low as $8.39.
The top ETF exchange traded funds that UVE belongs to (by Net Assets): VTI, IWM, VXF, AVUV, FNDA.
UVE has underperformed the market in the last year with a price return of +12.8% while the SPY ETF gained +33.6%. However, in the short term, UVE had mixed performance relative to the market. It has outperformed in the last 3 months, returning +26.9% vs +10.1% return in SPY. But in the last 2 weeks, UVE shares have been beat by the market, returning +0.7% compared to an SPY return of +1.7%.
UVE support price is $19.54 and resistance is $20.42 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UVE stock will trade within this expected range on the day.