Universal Insurance (UVE) Moves 6.6% Higher: Will This Strength Last? [Yahoo! Finance]
UNIVERSAL INSURANCE HOLDINGS INC (UVE)
NASDAQ:AMEX Investor Relations:
universalinsuranceholdings.com
Company Research
Source: Yahoo! Finance
The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 16.8% gain over the past four weeks. Its board of directors recently approved a new share repurchase program authorizing the company to repurchase up to $20 million of its outstanding shares of common stock through Mar 11, 2026. In the last reported quarter, UVE bought back 0.2 million shares for $3.6 million and had $4.1 million remaining under authorization. The insurer continues to benefit from higher direct premiums earned and a lower seated premium ratio. These coupled with improved investment results and lower net expense ratio should drive the bottom line. The company noted improving claims trends across the board, including reductions in total claims, represented claims, assigned claims and daily claims. This property and casualty insurance company is expected to post quarterly earnings of $1.04 per share in its upcoming report,
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UVE
News
- Universal Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Universal Reports First Quarter 2024 ResultsBusiness Wire
- Universal Declares Regular Cash Dividend & Announces Earnings DatesBusiness Wire
- Universal Insurance Holdings, Inc. (NYSE: UVE) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Universal Insurance Holdings, Inc. (NYSE: UVE) had its "overweight" rating re-affirmed by analysts at Piper Sandler. They now have a $25.00 price target on the stock.MarketBeat
UVE
Earnings
- 4/25/24 - Beat
UVE
Analyst Actions
- 2/27/24 - TheStreet
UVE
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEF
- 4/26/24 - Form DEFA14A
- UVE's page on the SEC website