Media coverage about Universal Insurance (NYSE:UVE) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Universal Insurance earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave press coverage about the insurance provider an impact score of 44.7417643806119 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Universal Insurance Holdings Inc (UVE) CMF Pushes Into Positive Territory (derbynewsjournal.com)
- Jon Springer Sells 18,926 Shares of Universal Insurance Holdings Inc (UVE) Stock (americanbankingnews.com)
- Providence executive talks about health care trends (portlandtribune.com)
- China’s life insurers face tough time as premiums keep falling (ft.com)
A number of research analysts have weighed in on UVE shares. ValuEngine raised Universal Insurance from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 13th. Keefe, Bruyette & Woods set a $35.00 target price on Universal Insurance and gave the company a “buy” rating in a report on Tuesday, April 10th.
Universal Insurance opened at $35.85 on Friday, MarketBeat Ratings reports. Universal Insurance has a fifty-two week low of $15.07 and a fifty-two week high of $36.10. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 11.02 and a beta of 1.72.
Universal Insurance (NYSE:UVE) last posted its earnings results on Tuesday, February 20th. The insurance provider reported $1.03 earnings per share for the quarter. The company had revenue of $201.31 million for the quarter. Universal Insurance had a return on equity of 26.52% and a net margin of 15.07%.
The business also recently declared a quarterly dividend, which was paid on Friday, May 4th. Shareholders of record on Friday, April 27th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Thursday, April 26th.
In other Universal Insurance news, insider Jon Springer sold 18,926 shares of the company’s stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $35.34, for a total value of $668,844.84. Following the completion of the sale, the insider now owns 496,725 shares in the company, valued at $17,554,261.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Frank Wilcox sold 14,000 shares of the company’s stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $32.36, for a total value of $453,040.00. Following the completion of the sale, the chief financial officer now owns 132,324 shares of the company’s stock, valued at approximately $4,282,004.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 117,502 shares of company stock valued at $3,901,893. Company insiders own 10.60% 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. The company primarily offers personal residential homeowner's insurance. It also underwrites homeowner's multi-peril insurance; and fire, commercial multi-peril, and other liability lines of business.
Receive News & Ratings for Universal Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Insurance and related companies with MarketBeat.com's FREE daily email newsletter.