UVE Stock Gets Increased EPS Forecast from DOWLING & PARTN

Universal Insurance Holdings Inc (NYSE:UVE) – Analysts at DOWLING & PARTN boosted their FY2026 earnings estimates for shares of Universal Insurance in a research report issued on Wednesday, October 7th. DOWLING & PARTN analyst N. Iacoviello now anticipates that the insurance provider will post earnings per share of $5.75 for the year, up from their prior estimate of $4.50. The consensus estimate for Universal Insurance’s current full-year earnings is $5.47 per share.

Other research analysts have also issued reports about the stock. Wall Street Zen raised shares of Universal Insurance from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 3rd. Weiss Ratings upgraded Universal Insurance from a “buy (a-)” rating to a “buy (a+)” rating in a research note on Thursday. Zacks Research lowered Universal Insurance from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Piper Sandler increased their target price on Universal Insurance from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $45.00.

Universal Insurance Stock Up 1.2%

UVE stock opened at $46.39 on Monday. Universal Insurance has a 52 week low of $27.89 and a 52 week high of $47.56. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.15. The firm has a 50-day simple moving average of $43.63 and a 200-day simple moving average of $40.25. The stock has a market capitalization of $1.29 billion, a P/E ratio of 6.12 and a beta of 0.69.

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 analysts’ consensus estimates of $1.57 by $0.27. The company had revenue of $419.38 million during 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%.

Hedge Funds Weigh In On Universal Insurance

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Universal Insurance during the 2nd quarter worth about $111,007,000. Donald Smith & CO. Inc. acquired a new position in Universal Insurance in the second quarter valued at about $29,849,000. Renaissancere Holdings Ltd. acquired a new position in Universal Insurance in the second quarter valued at about $24,144,769. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Universal Insurance in the second quarter valued at about $10,530,000. Finally, Bank of New York Mellon Corp acquired a new position in Universal Insurance in the second quarter valued at about $8,104,000. 66.61% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Universal Insurance

In other news, Chairman Sean Downes sold 20,000 shares of the company’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $43.98, for a total transaction of $879,600.00. Following the completion of the sale, the chairman owned 1,084,645 shares of the company’s stock, valued at $47,702,687.10. This represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.00% of the stock is currently owned by company insiders.

About Universal Insurance

Universal Insurance Holdings, Inc (NYSE: UVE) is an insurance holding company focused primarily on personal residential property and casualty insurance. Through its operating subsidiaries, the company provides coverage designed to protect homeowners and other residential property owners against risks such as wind, fire, theft and other covered losses.

Universal’s products have historically included homeowners, condominium, renters and dwelling-fire insurance, along with related personal lines offerings.