Universal Insurance Holdings, Inc. (NYSE:UVE) has been given a consensus broker rating score of 3.50 (Sell) from the two brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a sell rating and one has assigned a hold rating to the company.

Analysts have set a 1-year consensus price objective of $27.00 for the company, according to Zacks. Zacks has also given Universal Insurance an industry rank of 165 out of 255 based on the ratings given to related companies.

A number of research firms have weighed in on UVE. ValuEngine upgraded shares of Universal Insurance from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. TheStreet lowered shares of Universal Insurance from a “b-” rating to a “c” rating in a research report on Thursday, August 15th. Finally, Keefe, Bruyette & Woods cut shares of Universal Insurance from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $30.00 to $27.00 in a research note on Sunday, November 3rd.

Shares of Universal Insurance stock traded up $0.65 on Friday, reaching $28.83. The company’s stock had a trading volume of 213,591 shares, compared to its average volume of 191,665. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $935.90 million, a P/E ratio of 10.10 and a beta of 0.85. The stock has a 50-day moving average price of $29.09 and a 200-day moving average price of $28.12. Universal Insurance has a 52-week low of $23.57 and a 52-week high of $43.24.

Universal Insurance (NYSE:UVE) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.11. Universal Insurance had a return on equity of 22.28% and a net margin of 9.94%. The firm had revenue of $229.64 million for the quarter.

The company also recently disclosed a None dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 13th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, December 12th.

In other Universal Insurance news, CEO Stephen Donaghy bought 5,000 shares of the stock in a transaction on Monday, November 4th. The shares were bought at an average price of $27.41 per share, with a total value of $137,050.00. Following the purchase, the chief executive officer now directly owns 557,146 shares in the company, valued at approximately $15,271,371.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sean P. Downes bought 6,467 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were acquired at an average cost of $27.06 per share, with a total value of $174,997.02. Following the acquisition, the director now directly owns 1,450,800 shares of the company’s stock, valued at $39,258,648. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 29,267 shares of company stock valued at $822,837. 11.30% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. Millennium Management LLC raised its position in Universal Insurance by 126.9% in the third quarter. Millennium Management LLC now owns 68,082 shares of the insurance provider’s stock worth $2,041,000 after acquiring an additional 38,082 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Universal Insurance by 37.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 19,703 shares of the insurance provider’s stock worth $591,000 after acquiring an additional 5,341 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Universal Insurance by 12.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 53,906 shares of the insurance provider’s stock valued at $1,616,000 after purchasing an additional 6,042 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of Universal Insurance during the third quarter worth $415,000. Finally, 6 Meridian acquired a new position in shares of Universal Insurance during the third quarter worth $842,000. 73.38% of the stock is currently owned by hedge funds and other institutional investors.

Universal Insurance Company Profile

Universal Insurance Holdings, Inc, together with its subsidiaries, operates as an integrated insurance holding company in the United States. The company develops, markets, and underwrites insurance products for personal residential homeowner's insurance. It also provides personal residential insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire, and commercial residential multi-peril; and allied lines, coverage for other structures, and personal property, as well as liability and personal articles coverages.

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