Universal Insurance Holdings (UVE) Earns News Sentiment Rating of 0.11
News stories about Universal Insurance Holdings (NYSE:UVE) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Universal Insurance Holdings earned a news impact score of 0.11 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 46.6808177924483 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Hurricane Irma is distorting the price of stocks, including Universal Insurance (marketwatch.com)
- Investment in Universal Insurance Holdings, Inc. (UVE) could prove to be a Good? – Street Observer (press release) (streetobserver.com)
- Trading summary of Unusual Activity – Universal Insurance Holdings, Inc. (UVE) – Wall Street Morning (wallstreetmorning.com)
- Here is why Technicals Are a BEAR on Universal Insurance Holdings, Inc. (UVE) – StockNewsGazette (stocknewsgazette.com)
- 3 Reasons To Invest In Universal Holdings Inc. – Seeking Alpha (seekingalpha.com)
UVE has been the subject of several research reports. ValuEngine downgraded shares of Universal Insurance Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 18th. BidaskClub downgraded shares of Universal Insurance Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $29.00 price objective on shares of Universal Insurance Holdings in a research note on Friday, August 18th.
Universal Insurance Holdings (NYSE:UVE) traded down 0.50% during midday trading on Tuesday, reaching $19.95. 109,833 shares of the company’s stock traded hands. The stock has a market capitalization of $695.18 million, a price-to-earnings ratio of 7.06 and a beta of 1.84. The company’s 50-day moving average price is $22.46 and its 200 day moving average price is $24.16. Universal Insurance Holdings has a 52 week low of $15.07 and a 52 week high of $29.20.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Stockholders of record on Tuesday, September 12th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Monday, September 11th. Universal Insurance Holdings’s dividend payout ratio is 19.93%.
About Universal Insurance Holdings
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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