UVE - Universal Insurance Holdings Inc Stock Price, Fair Value and News

20.21USD+0.03 (+0.15%)Delayed as of 08 May 2024, 12:58 pm ET

Market Summary

USD20.21+0.03

Delayedas of 08 May 2024, 12:58 pm

0.15%

UVE Alerts

1 major insider sales recently.

Big jump in Earnings (Y/Y)

UVE Stock Price

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UVE RSI Chart

UVE Valuation

Market Cap

580.4M

Price/Earnings (Trailing)

7.61

Price/Sales (Trailing)

0.37

EV/EBITDA

2.45

Price/Free Cashflow

2.94

UVE Price/Sales (Trailing)

UVE Profitability

EBT Margin

7.14%

Return on Equity

20.93%

Return on Assets

3.6%

Free Cashflow Yield

34.03%

UVE Fundamentals

UVE Revenue

Revenue (TTM)

1.4B

Rev. Growth (Yr)

5.86%

Rev. Growth (Qtr)

28.4%

UVE Earnings

Earnings (TTM)

76.3M

Earnings Growth (Yr)

39.23%

Earnings Growth (Qtr)

68.29%

Breaking Down UVE Revenue

52 Week Range

11.1820.39

(Low)(High)

Last 7 days

3.3%

Last 30 days

4.3%

Last 90 days

26.4%

Trailing 12 Months

27.2%

How does UVE drawdown profile look like?

UVE Financial Health

Debt/Equity

0.28

Debt/Cashflow

2.01

UVE Investor Care

Dividend Yield

3.82%

Dividend/Share (TTM)

0.77

Buy Backs (1Y)

5.52%

Diluted EPS (TTM)

2.55

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	1.6B	0	0	0
2023	1.4B	1.4B	1.5B	1.5B
2022	1.1B	1.2B	1.2B	1.2B
2021	1.1B	1.1B	1.1B	1.1B
2020	938.0M	957.0M	1.0B	1.1B
2019	868.9M	892.8M	916.3M	939.4M
2018	839.3M	863.6M	879.5M	894.6M
2017	695.7M	711.4M	729.2M	751.9M
2016	607.2M	653.4M	668.8M	685.3M
2015	398.8M	435.4M	488.9M	546.5M
2014	308.0M	317.2M	342.4M	369.3M
2013	277.1M	295.0M	298.8M	301.2M
2012	221.8M	228.0M	253.2M	269.9M
2011	259.0M	256.8M	235.5M	225.9M
2010	0	220.4M	230.2M	239.9M
2009	0	0	0	210.6M

Get all data in R, Python etc through our Historical Stock Data APIs

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Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Universal Insurance Holdings Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 02, 2024	downes sean p	sold	-394,434	19.7217	-20,000	executive chairman
Apr 01, 2024	downes sean p	back to issuer	-181,556	19.89	-9,128	executive chairman
Apr 01, 2024	donaghy stephen	back to issuer	-317,703	19.89	-15,973	ceo
Mar 07, 2024	downes sean p	sold	-390,616	19.5308	-20,000	executive chairman
Jan 16, 2024	donaghy stephen	gifted	-	-	-2,000	ceo
Jan 12, 2024	donaghy stephen	gifted	-	-	-9,000	ceo
Dec 29, 2023	downes sean p	gifted	-	-	-40,529	executive chairman
Dec 22, 2023	downes sean p	sold	-332,044	16.6022	-20,000	executive chairman
Dec 18, 2023	campos kimberly d	back to issuer	-53,777	16.13	-3,334	cio & cao
Dec 18, 2023	wilcox frank	back to issuer	-107,539	16.13	-6,667	cfo

Which funds bought or sold UVE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	LSV ASSET MANAGEMENT	added	6.77	1,680,000	6,378,000	0.01%
May 06, 2024	Quantbot Technologies LP	added	43.08	70,061	155,570	0.01%
May 06, 2024	Empowered Funds, LLC	added	8.17	910,027	3,333,620	0.06%
May 06, 2024	NEW YORK LIFE INVESTMENT MANAGEMENT LLC	new	-	368,178	368,178	-%
May 06, 2024	Savant Capital, LLC	new	-	329,225	329,225	-%
May 06, 2024	TEACHER RETIREMENT SYSTEM OF TEXAS	reduced	-28.48	-103,000	1,031,000	0.01%
May 06, 2024	Parallel Advisors, LLC	new	-	1,118	1,118	-%
May 06, 2024	SG Americas Securities, LLC	reduced	-15.12	16,000	214,000	-%
May 03, 2024	HUNTINGTON NATIONAL BANK	unchanged	-	4.00	20.00	-%
May 03, 2024	Geneos Wealth Management Inc.	unchanged	-	425	1,991	-%

Are Funds Buying or Selling UVE?

Are funds buying UVE calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own UVE

No. of Funds

Unveiling Universal Insurance Holdings Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	5.15%	1,503,081	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	5.5%	1,598,720	SC 13G/A
Feb 05, 2024	donald smith & co., inc.	5.83%	1,702,188	SC 13G
Jan 26, 2024	blackrock inc.	7.1%	2,071,555	SC 13G/A
Oct 06, 2023	blackrock inc.	6.3%	1,887,388	SC 13G/A
Sep 21, 2023	millennium management llc	4.7%	1,404,114	SC 13G
Feb 10, 2023	dimensional fund advisors lp	6.3%	1,921,187	SC 13G/A
Feb 09, 2023	vanguard group inc	6.19%	1,889,704	SC 13G/A
Jan 24, 2023	blackrock inc.	14.7%	4,478,524	SC 13G
Feb 10, 2022	vanguard group inc	9.57%	2,984,037	SC 13G/A

Recent SEC filings of Universal Insurance Holdings Inc

View All Filings

Date Filed	Form Type	Document
May 03, 2024	4	Insider Trading
May 02, 2024	144	Notice of Insider Sale Intent
Apr 30, 2024	10-Q	Quarterly Report
Apr 26, 2024	ARS	ARS
Apr 26, 2024	DEF 14A	DEF 14A
Apr 26, 2024	DEFA14A	DEFA14A
Apr 25, 2024	8-K	Current Report
Apr 10, 2024	8-K	Current Report
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading

Peers (Alternatives to Universal Insurance Holdings Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ARGO	1.0T	1.3B	1.04%	3195.96%	-4.9K	773.83	-10.27%	-34.69%
AJG	53.6B	10.6B	0.45%	13.83%	49.04	5.04	20.42%	-6.05%
AIG	53.3B	48.4B	3.31%	49.36%	11.03	1.1	-4.15%	-20.63%
TRV	49.7B	42.9B	-6.01%	18.86%	15.83	1.16	13.52%	12.15%
AFL	48.1B	19.3B	-0.90%	25.15%	8.99	2.49	3.03%	17.35%
ACGL	36.7B	13.6B	3.49%	28.99%	8.27	2.7	41.83%	201.02%
AFG	10.8B	8.0B	-2.57%	11.52%	12.28	1.36	11.14%	7.56%
MID-CAP
UNM	9.9B	12.6B	-2.35%	17.17%	7.52	0.79	4.24%	-13.40%
AIZ	9.3B	11.1B	-0.68%	35.68%	14.45	0.83	9.21%	132.28%
LNC	5.0B	11.9B	-5.21%	37.41%	3.67	0.41	-33.27%	234.43%
AEL	4.5B	2.8B	-0.20%	45.14%	21.34	1.58	100.59%	-89.04%
SMALL-CAP
BRP	1.7B	1.3B	0.25%	17.87%	-31.85	1.37	18.74%	30.90%
AMSF	911.0M	308.9M	0.21%	-15.21%	14.77	2.95	3.79%	10.94%
AMBC	815.9M	314.0M	13.99%	19.72%	14.19	2.6	-29.20%	-88.19%
AAME	35.9M	186.8M	-18.72%	-19.82%	-209.99	0.19	-0.56%	-111.21%

Universal Insurance Holdings Inc News

Latest updates

Universal Insurance Holdings Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	28.4%	482	375	360	340	455	330	313	292	287	293	287	279	263	273	312	253	235	239	230	234	237
S&GA Expenses	7.6%	79.00	73.00	78.00	77.00	76.00	73.00	74.00	79.00	78.00	76.00	73.00	82.00	82.00	66.00	77.00	74.00	73.00	64.00	69.00	69.00	70.00
EBITDA Margin	10.3%	0.08*	0.07*	0.08*	0.02*	0.00*	-0.01*	-0.09*	0.01*	0.02*	0.03*	0.06*	0.04*	-	-	-	-	-	-	-	-	-
Interest Expenses	-0.8%	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	1.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-
Income Taxes	134.5%	14.00	6.00	-1.96	9.00	9.00	8.00	-20.96	3.00	5.00	-16.29	6.00	8.00	10.00	-9.35	-0.60	8.00	8.00	-18.01	8.00	14.00	14.00
Earnings Before Taxes	83.4%	47.00	26.00	-7.88	38.00	33.00	33.00	-93.24	11.00	22.00	-64.46	26.00	30.00	36.00	-27.00	-3.79	27.00	28.00	-69.05	28.00	51.00	54.00
EBT Margin	12.5%	0.07*	0.06*	0.07*	0.01*	-0.01*	-0.02*	-0.11*	0.00*	0.01*	0.03*	0.06*	0.03*	-	-	-	-	-	-	-	-	-
Net Income	68.3%	34.00	20.00	-5.91	29.00	24.00	25.00	-72.28	7.00	18.00	-48.12	20.00	22.00	26.00	-17.67	-3.17	20.00	20.00	-51.07	20.00	37.00	40.00
Net Income Margin	10.1%	0.05*	0.05*	0.05*	0.00*	-0.01*	-0.02*	-0.08*	0.00*	0.01*	0.02*	0.05*	0.02*	-	-	-	-	-	-	-	-	-
Free Cashflow	9929.4%	80.00	-0.81	68.00	50.00	-50.95	101	-2.86	251	-29.27	-41.95	15.00	194	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-8.5%	2,120	2,317	2,559	2,918	2,551	2,890	3,127	2,383	1,749	2,056	2,143	2,342	1,717	1,759	2,050	2,047	1,546	1,720	1,829	2,064	1,698
Cash Equivalents	-0.2%	396	397	344	292	333	391	310	337	168	251	241	293	104	180	426	335	183	185	162	184	188
Net PPE	3.8%	49.00	48.00	49.00	50.00	50.00	51.00	53.00	54.00	54.00	54.00	53.00	53.00	53.00	54.00	52.00	49.00	45.00	41.00	41.00	40.00	40.00
Liabilities	-11.1%	1,755	1,975	2,257	2,583	2,229	2,602	2,866	2,016	1,353	1,626	1,649	1,861	1,263	1,309	1,575	1,519	1,051	1,226	1,260	1,498	1,159
Long Term Debt	-0.2%	102	102	102	102	103	103	103	103	103	104	-	-	-	8.00	-	-	-	-	10.00	11.00	11.00
Shareholder's Equity	6.8%	365	341	302	335	322	288	261	367	396	430	494	481	455	449	475	528	494	494	569	566	539
Retained Earnings	5.2%	590	561	549	560	537	517	501	579	576	564	621	606	589	568	594	603	588	574	634	614	588
Additional Paid-In Capital	1.0%	116	115	116	115	113	113	111	110	109	108	107	106	105	103	101	100	97.00	96.00	94.00	90.00	87.00
Shares Outstanding	-0.7%	29.00	29.00	29.00	30.00	30.00	30.00	31.00	31.00	31.00	31.00	31.00	31.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	406	-	-	-	360	-	-	-	390	-	-	-	506	-	-	-	872	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	24287.1%	82,916	340	69,231	51,657	-50,257	101,358	-2,267	252,505	-27,081	-39,602	16,860	195,855	61,265	-144,197	-17,302	145,204	45,643	28,009	601	24,537	31,451
Cashflow From Investing	-9327.2%	-74,381	-789	934	-12,767	-2,629	-8,830	-16,976	-74,613	-48,442	-34,819	-62,091	-1,096	-131,398	-90,297	124,438	22,009	-34,108	21,205	9,230	-7,562	5,453
Cashflow From Financing	24.6%	-9,518	-12,630	-17,462	-11,363	-5,665	-11,325	-7,696	-8,848	-9,587	86,906	-6,738	-5,676	-6,194	-11,882	-15,550	-15,967	-12,864	-26,743	-31,807	-20,422	-18,271
Dividend Payments	-46.1%	4,639	8,600	4,794	4,905	4,980	8,894	4,906	4,945	5,029	9,087	5,003	5,018	5,083	9,031	5,111	5,144	5,261	9,488	5,465	5,533	5,620
Buy Backs	24.0%	4,508	3,636	12,297	6,088	-	1,843	2,419	3,502	3,879	-	1,364	-	245	2,420	9,885	10,029	6,587	16,254	25,708	14,107	10,117

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UVE Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
REVENUES
Direct premiums written	$ 446,179	$ 410,102
Change in unearned premium	35,893	45,266
Direct premium earned	482,072	455,368
Ceded premium earned	(148,047)	(173,144)
Premiums earned, net	334,025	282,224
Net investment income	13,523	10,698
Net realized gains (losses) on investments	(77)	(788)
Net change in unrealized gains (losses) on investments	3,106	957
Commission revenue	11,033	17,282
Policy fees	4,405	4,167
Other revenue	1,944	1,968
Total revenues	367,959	316,508
OPERATING COSTS AND EXPENSES
Losses and loss adjustment expenses	240,187	206,154
General and administrative expenses	78,666	75,927
Total operating costs and expenses	318,853	282,081
Interest and amortization of debt issuance costs	1,622	1,636
INCOME (LOSS) BEFORE INCOME TAXES	47,484	32,791
Income tax expense (benefit)	13,827	8,618
NET INCOME (LOSS)	$ 33,657	$ 24,173
Basic earnings (loss) per common share (in USD per share)	$ 1.17	$ 0.80
Weighted average common shares outstanding - Basic (in shares)	28,869	30,382
Diluted earnings (loss) per common share (in USD per share)	$ 1.14	$ 0.79
Weighted average common shares outstanding - Diluted (in shares)	29,404	30,626
Cash dividend declared per common share (in USD per share)	$ 0.16	$ 0.16

UVE Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

ASSETS

Available-for-sale debt securities, at fair value, net of allowance for credit loss of $600 and $566 (amortized cost: $1,209,054 and $1,162,919)

$ 1,107,058

$ 1,064,330

Equity securities, at fair value (cost: $89,110 and $91,052)

81,659

80,495

Other investments, at fair value (cost: $4,794 and $4,794)

10,434

Investment real estate, net

5,479

5,525

Total invested assets

1,204,630

1,160,784

Cash and cash equivalents

396,323

397,306

Restricted cash and cash equivalents

^[1]

2,635

Prepaid reinsurance premiums

88,499

236,254

Reinsurance recoverable

124,646

219,102

Premiums receivable, net

73,974

77,064

Property and equipment, net

49,416

47,628

Deferred policy acquisition costs

106,632

109,985

Deferred income tax asset, net

49,277

43,175

Other assets

24,112

22,628

Total assets

2,120,144

2,316,561

LIABILITIES:

Unpaid losses and loss adjustment expenses

429,629

510,117

Unearned premiums

954,666

990,559

Advance premium

74,370

48,660

Book overdraft

14,597

Reinsurance payable, net

97,871

191,850

Commission payable

22,661

20,989

Income taxes payable

24,984

5,886

Other liabilities and accrued expenses

49,484

90,600

Long-term debt, net

101,815

102,006

Total liabilities

1,755,480

1,975,264

Commitments and Contingencies (Note 12)

STOCKHOLDERS’ EQUITY:

Cumulative convertible preferred stock

Common stock

472

Treasury shares, at cost - 18,511 and 18,303

(264,918)

(260,779)

Additional paid-in capital

116,239

115,086

Accumulated other comprehensive income (loss), net of taxes

(76,714)

(74,172)

Retained earnings

589,585

560,690

Total stockholders’ equity

364,664

341,297

Total liabilities and stockholders’ equity

$ 2,120,144

$ 2,316,561

[1]	See “—Note 5 (Insurance Operations)” for a discussion of the nature of the restrictions for restricted cash and cash equivalents.

About Universal Insurance Holdings Inc

Universal Insurance Holdings, Inc., together with its subsidiaries, operates as an integrated insurance holding company in the United States. It develops, markets, and underwrites insurance products for personal residential insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire; and offers allied lines, coverage for other structures, and personal property, liability, and personal articles coverages. The company also advises on actuarial issues, oversees distribution, administers claims payments, performs policy administration and underwriting, and assists with reinsurance negotiations; places and manages reinsurance programs for the insurance entities; and operates Clovered.com, a digital agency for carrier partners and utilization of digital applications for adjusting claims. It offers its products through a network of independent agents, as well as direct-to-consumer online solutions, including digital insurance agency. The company was formerly known as Universal Heights, Inc. and changed its name to Universal Insurance Holdings, Inc. in January 2001. Universal Insurance Holdings, Inc. was incorporated in 1990 and is headquartered in Fort Lauderdale, Florida.

CEO	Mr. Stephen Joseph Donaghy
WEBSITE	universalinsuranceholdings.com
INDUSTRY	Insurance Property & Casualty
EMPLOYEES	1223

Universal Insurance Holdings Inc Frequently Asked Questions

What is the ticker symbol for Universal Insurance Holdings Inc? What does UVE stand for in stocks?

UVE is the stock ticker symbol of Universal Insurance Holdings Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Universal Insurance Holdings Inc (UVE)?

As of Tue May 07 2024, market cap of Universal Insurance Holdings Inc is 580.36 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of UVE stock?

You can check UVE's fair value in chart for subscribers.

What is the fair value of UVE stock?

You can check UVE's fair value in chart for subscribers. The fair value of Universal Insurance Holdings Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Universal Insurance Holdings Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for UVE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Universal Insurance Holdings Inc a good stock to buy?

The fair value guage provides a quick view whether UVE is over valued or under valued. Whether Universal Insurance Holdings Inc is cheap or expensive depends on the assumptions which impact Universal Insurance Holdings Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for UVE.

What is Universal Insurance Holdings Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, UVE's PE ratio (Price to Earnings) is 7.61 and Price to Sales (PS) ratio is 0.37. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. UVE PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Universal Insurance Holdings Inc's stock?

In the past 10 years, Universal Insurance Holdings Inc has provided 0.082 (multiply by 100 for percentage) rate of return.