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FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Universal Insurance Holdings, Inc. (NYSE: UVE) (“Universal” or the “Company”) will issue a press release reporting its third quarter 2024 results after the market closes on Thursday, October 24, 2024. The company will host a conference call on Friday, October 25, 2024, at 10:00 a.m. ET to discuss financial results. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at universalinsuranceholdings.com/inv.
Universal Insurance Holdings, Inc. (NYSE:UVE ) Q2 2024 Earnings Conference Call July 26, 2024 10:00 AM ET Company Participants Arash Soleimani - Chief Strategy Officer Stephen Donaghy - CEO Frank Wilcox - CFO Conference Call Participants Paul Newsome - Piper Sandler Operator Good morning, ladies and gentlemen, and welcome to Universal Second Quarter 2024 Earnings Conference Call. As a reminder, this conference call is being recorded.
Universal Insurance Holdings (UVE) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $0.87 per share a year ago.
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Universal's Insurance Subsidiaries Complete 2024-2025 Reinsurance Program.
The insurer topped the average analyst estimate for first-quarter profitability. However, it missed badly on revenue.
Universal Insurance (UVE) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
Universal Insurance jumped after announcing a new $20 million share repurchase program. Shares are up nearly 30% over the past month after the company posted a surprise profit with its fourth-quarter update.
The insurer published a fresh set of quarterly results after market hours Thursday. It had a mixed quarter, but its bottom-line beat was crushing.
Universal Insurance Holdings (UVE) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.72 per share a year ago.
Universal Insurance Holdings rated Buy today, agreeing with the bullish consensus from SA analysts and Wall Street. The bullish thesis is driven by nearly 4% dividend yield, 10-year dividend growth, expected future insurance customer growth, and earnings improvement, despite a net loss. Equity growth is healthy and their cash position too, while the share price is trading only just 7% above its moving average.