Media headlines about Universal Insurance (NYSE:UVE) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Universal Insurance earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media headlines about the insurance provider an impact score of 45.6080629472861 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of Universal Insurance (UVE) opened at $25.70 on Friday. The company has a market capitalization of $893.80, a price-to-earnings ratio of 11.22 and a beta of 1.88. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.03. Universal Insurance has a twelve month low of $15.07 and a twelve month high of $29.20.

The business also recently declared a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 27th were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, November 24th. This represents a $0.56 annualized dividend and a yield of 2.18%. Universal Insurance’s dividend payout ratio is currently 23.93%.

Universal Insurance announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 8th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

A number of research firms have recently commented on UVE. Keefe, Bruyette & Woods restated a “buy” rating and set a $29.00 price objective on shares of Universal Insurance in a report on Friday, August 18th. ValuEngine downgraded Universal Insurance from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 22nd.

In related news, Director Michael Pietrangelo sold 9,969 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $26.27, for a total value of $261,885.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 10.50% of the stock is currently owned by corporate insiders.

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About Universal Insurance

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).

Insider Buying and Selling by Quarter for Universal Insurance (NYSE:UVE)

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