Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Universal Insurance Holdings (UVE) Share Price
News stories about Universal Insurance Holdings (NYSE:UVE) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Universal Insurance Holdings earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news coverage about the insurance provider an impact score of 45.0415026513784 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several equities analysts have issued reports on UVE shares. ValuEngine cut shares of Universal Insurance Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 18th. BidaskClub cut shares of Universal Insurance Holdings from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $29.00 target price on shares of Universal Insurance Holdings in a research note on Friday, August 18th.
Universal Insurance Holdings (NYSE UVE) opened at 22.55 on Thursday. The company has a market cap of $785.78 million, a PE ratio of 7.99 and a beta of 1.82. The firm’s 50-day moving average is $23.67 and its 200 day moving average is $24.60. Universal Insurance Holdings has a 1-year low of $18.07 and a 1-year high of $29.20.
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Universal Insurance Holdings Company Profile
Universal Insurance Holdings, Inc (UVE) is a private personal residential homeowners insurance company in Florida. The Company performs substantially all aspects of insurance underwriting, policy issuance, general administration, and claims processing and settlement internally. The Company’s subsidiaries include Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC).
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