UVE Stock Recent News

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.

Universal Insurance Holdings, Inc. (NYSE:UVE ) Q3 2023 Earnings Conference Call October 27, 2023 10:00 AM ET Company Participants Arash Soleimani - Chief Strategy Officer Steve Donaghy - Chief Executive Officer Frank Wilcox - Chief Financial Otter Conference Call Participants Nic Iacoviello - Dowling & Partners Paul Newsome - Piper Sandler Operator Good morning, ladies and gentlemen, and welcome to Universal's Third Quarter 2023 Earnings Conference Call. As a reminder this conference call is being recorded.

Universal Insurance Holdings (UVE) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.28. This compares to loss of $2.27 per share a year ago.

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, Inc. (NYSE:UVE ) Q2 2023 Earnings Conference Call July 28, 2023 10:00 AM ET Company Participants Arash Soleimani - Chief Strategy Officer Steve Donaghy - Chief Executive Officer Frank Wilcox - Chief Financial Otter Conference Call Participants Paul Newsome - Piper Sandler Nic Iacoviello - Dowling & Partners Operator Good morning, ladies and gentlemen and welcome to Universal Second Quarter 2023 Earnings Call. As a reminder, this conference is being recorded.

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.