Universal Insurance (NYSE:UVE) released its quarterly earnings data on Wednesday. The insurance provider reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02, MarketWatch Earnings reports. Universal Insurance had a net margin of 2.82% and a return on equity of 8.42%.

UVE traded up $0.49 during trading on Thursday, hitting $17.72. The stock had a trading volume of 10,811 shares, compared to its average volume of 147,091. The company has a market capitalization of $563.60 million, a PE ratio of 23.60 and a beta of 0.88. Universal Insurance has a twelve month low of $14.20 and a twelve month high of $30.79. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a 50 day simple moving average of $17.51 and a two-hundred day simple moving average of $19.72.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 31st will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $0.64 annualized dividend and a yield of 3.61%. Universal Insurance’s dividend payout ratio (DPR) is 54.24%.

A number of equities analysts have recently issued reports on the stock. Piper Sandler assumed coverage on shares of Universal Insurance in a research note on Thursday, May 28th. They set a “neutral” rating and a $19.00 price objective on the stock. ValuEngine upgraded shares of Universal Insurance from a “sell” rating to a “hold” rating in a research note on Wednesday, June 3rd.

Universal Insurance Company Profile

Universal Insurance Holdings, Inc, together with its subsidiaries, operates as an integrated insurance holding company in the United States. The company develops, markets, and underwrites insurance products for personal residential homeowner's insurance. It also provides personal residential insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire, and commercial residential multi-peril; and allied lines, coverage for other structures, and personal property, as well as liability and personal articles coverages.

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Earnings History for Universal Insurance (NYSE:UVE)

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