What is DOWLING & PARTN’s Estimate for UVE FY2028 Earnings?

Universal Insurance Holdings Inc (NYSE:UVE) – Research analysts at DOWLING & PARTN issued their FY2028 earnings per share estimates for shares of Universal Insurance in a note issued to investors on Friday, July 31st. DOWLING & PARTN analyst N. Iacoviello forecasts that the insurance provider will post earnings per share of $5.50 for the year. The consensus estimate for Universal Insurance’s current full-year earnings is $4.85 per share.

Other equities analysts have also issued research reports about the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Universal Insurance in a report on Friday, July 17th. Wall Street Zen upgraded shares of Universal Insurance from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Research cut Universal Insurance from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Piper Sandler raised their price target on Universal Insurance from $44.00 to $45.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $45.00.

Universal Insurance Trading Up 1.3%

Shares of Universal Insurance stock opened at $44.27 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.57 and a quick ratio of 0.51. Universal Insurance has a 1 year low of $22.87 and a 1 year high of $45.15. The firm has a market cap of $1.24 billion, a PE ratio of 5.84 and a beta of 0.72. The company has a 50 day simple moving average of $39.76 and a two-hundred day simple moving average of $36.21.

Universal Insurance (NYSE:UVE) last posted its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.27. The company had revenue of $419.38 million for the quarter, compared to analysts’ expectations of $614.62 million. Universal Insurance had a net margin of 13.49% and a return on equity of 37.67%.

Institutional Trading of Universal Insurance

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Universal Insurance by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 2,007,725 shares of the insurance provider’s stock valued at $67,861,000 after buying an additional 54,004 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Universal Insurance by 19.8% during the 4th quarter. Geode Capital Management LLC now owns 815,484 shares of the insurance provider’s stock valued at $27,566,000 after acquiring an additional 134,805 shares during the period. Goldman Sachs Group Inc. lifted its position in Universal Insurance by 9.4% in the first quarter. Goldman Sachs Group Inc. now owns 805,199 shares of the insurance provider’s stock valued at $19,083,000 after purchasing an additional 69,289 shares during the last quarter. Millennium Management LLC grew its holdings in Universal Insurance by 212.3% in the 3rd quarter. Millennium Management LLC now owns 596,370 shares of the insurance provider’s stock worth $15,685,000 after acquiring an additional 405,403 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Universal Insurance by 11.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 506,683 shares of the insurance provider’s stock valued at $13,326,000 after acquiring an additional 52,187 shares during the period. 66.61% of the stock is owned by institutional investors.

Insider Activity

In other news, Chairman Sean P. Downes sold 20,000 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $38.22, for a total value of $764,400.00. Following the completion of the sale, the chairman owned 1,148,255 shares of the company’s stock, valued at approximately $43,886,306.10. This represents a 1.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 15.00% of the company’s stock.

Universal Insurance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 31st will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, July 31st. Universal Insurance’s payout ratio is presently 8.44%.

About Universal Insurance

Universal Insurance Holdings, Inc (NYSE: UVE) is a property and casualty insurance holding company headquartered in Jacksonville, Florida. The company underwrites homeowners and other residential property insurance products to protect against natural catastrophes such as hurricanes, windstorms and fires. It distributes policies primarily through a network of independent agents and brokers, offering coverage for primary residences, secondary homes, condominiums, vacant dwellings and rental properties across its service territory.

In addition to personal lines, Universal provides commercial property and casualty insurance tailored to small businesses and institutional clients.