UVE Stock Recent News

Universal Insurance Holdings (UVE) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.47 per share a year ago.

Universal Insurance Holdings is a solid investment opportunity due to its strong underwriting business, high dividend yield, and potential for growth and expansion. Despite challenges from natural disasters like hurricanes, UVE has demonstrated resilience and strength, with a robust cash position of over $300 million and a growing operating margin. UVE offers a 4.2% dividend yield and frequently conducts buybacks, making it an appealing investment option; it is currently undervalued compared to its historical price-to-earnings and price-to-book ratios.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Universal Insurance Holdings, Inc. (NYSE: UVE) (“Universal” or the “Company”) will issue a press release reporting its second quarter 2023 results after the market closes on Thursday, July 27, 2023. The company will host a conference call on Friday, July 28, 2023, 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/investor.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Universal Insurance Holdings (UVE) came out with quarterly earnings of $0.79 per share, missing the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.64 per share a year ago.

Universal Insurance (UVE) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

We have narrowed our search to five stocks that have provided more than 50% returns year to date with more upside left. These are: CRD.A, REPX, UVE, ASUR and HROW.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Universal Insurance Holdings, Inc. (NYSE: UVE) (“Universal” or the “Company”) will issue a press release reporting its first quarter 2023 results after the market closes on Thursday, April 27, 2023. The company will host a conference call on Friday, April 28, 2023, 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.

Investors target stocks that are witnessing a bullish run. Some of the stocks seeing price strength are UVE, ASUR, MYRG, AAON and ANET.

Florida's insurance market is a hot mess. Excessive litigation, fraudulent claims, and a surge in catastrophic weather have left insurers struggling to stay afloat.