The UNIVERSAL INSURANCE HOLDINGS INC stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $18.17 and $17.86. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 03, 2023, and so far it has fallen -5.78%.
Financial Services Stocks Moving Up and Down Friday: UVE, UIHC, ODTC, PRI, LPRO, MORN, CURO, MARA – InvestorsObserver
Financial Services Stocks Moving Up and Down Friday: UVE, UIHC, ODTC, PRI, LPRO, MORN, CURO, MARA.
Posted: Fri, 24 Feb 2023 19:18:45 GMT [source]
Universal Insurance Q2 2022 Earnings Preview
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- Swiss National Bank increased its position in Universal Insurance by 7.3% during the first quarter.
- Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade.
- Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
- Universal Insurance reported Q2 EPS of $0.47, versus $0.65 reported last year.
- The company’s average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Value investors will be interested in the system’s “Value” category. Stocks with both “A” grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
I have read and understand the terms and disclaimers related to the program. The current Universal Insurance Holdings share price is $18.25. The Score for UVE is 49, which is 2% below its historic median score of 50, and infers higher risk than normal. Reports are indicating that there were more than several insider trading activities at UVE starting from Springer Jon, who sale 16,861 shares at the price of $11.34 back on Dec 07. After this action, Springer Jon now owns 523,672 shares of Universal Insurance Holdings Inc., valued at $191,273 using the latest closing price. After a stumble in the market that brought UVE to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 20.53% of gains for the given period.
Total revenue decreased over the yearly period by $24.4 million. On November 29, 2021, UVE updated about joining the US EPA’s Green Power Collaboration. The company is utilizing 652,000 kWh of green power yearly, which is enough to meet 25% of the organization’s electricity use. On November 23, 2021, UVE informed about the completion of a private placement of $100 million cumulative amount of 5.625% senior unsecured notes due 2026 to certain investors. Zacks Earnings ESP looks to find companies that have recently seen positive earnings estimate revision activity.
Good risk-reward, if going long you can you a 2 ATR stop on close. The sma50 acting as a dynamic support, stock in a strong support. UVE longSeems to be one of the few stocks holding up in this market. Excessive litigation, fraudulent claims, and a surge in catastrophic weather have left insurers struggling to stay afloat. Troubled banks are the latest thing hitting markets, but the rules of successful investing remain the same. Total revenue in the third quarter of 2021 was $287.2 million compared to $11.6 million in the same period of 2020.
Executive Chairman exercised options and sold US$74k worth of stock
A what are the benefits of marginal costs equal to marginal revenue’s beta measures how closely tied its price movements have been to the performance of the overall market. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.
Based on earnings estimates, Universal Insurance will have a dividend payout ratio of 26.67% next year. This indicates that Universal Insurance will be able to sustain or increase its dividend. It pays a dividend yield of 3.64%, putting its dividend yield in the top 25% of dividend-paying stocks.
Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green. The average analyst rating for UVE stock from 6 stock analysts is “Buy”. This means that analysts believe this stock is likely to outperform the market over the next twelve months. Volatility was left at 4.44%, however, over the last 30 days, the volatility rate increased by 9.68%, as shares surge +51.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +81.33% upper at present.
As of 2023 April 11, Tuesday current price of UVE stock is 18.250$ and our data indicates that the asset price has been in an uptrend for the past 1 year . Morningstar Quantitative ratings for equities are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Over the past 49 months, UVE’s revenue has gone up $376,202,000.The table below shows UVE’s growth in key financial areas . If UNIVERSAL INSURANCE HOLDINGS INC takes out the full calculated possible swing range there will be an estimated 7.68% move between the lowest and the highest trading price during the day.
Universal Insurance Holdings (UVE) Q4 Earnings and Revenues Beat Estimates
The company’s average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings. Sign-up to receive the latest news and ratings for UVE and its competitors with MarketBeat’s FREE daily newsletter. RenaissanceRe remains well-poised for growth on the back of solid Property and, Casualty and Specialty segments. Solid cash-generating abilities enable prudent capital deployment. I understand my credit card will be charged $7 today for 7 days of Platinum access.
Universal Insurance uses resources or causes negative impacts mostly in categories “Scarce human capital”, “GHG emissions”, and “Non-GHG emissions”. Universal Insurance has only been the subject of 1 research reports in the past 90 days. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Universal Insurance has been rated by Piper Sandler in the past 90 days. Analysts like Universal Insurance more than other Finance companies.
- Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market.
- Style is calculated by combining value and growth scores, which are first individually calculated.
- It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
- Measures how much net income or profit is generated as a percentage of revenue.
- Universal Insurance Holdings, Inc., together with its subsidiaries, operates as an integrated insurance holding company in the United States.
- Universal Insurance Holdings, Inc. is a private personal residential homeowners insurance company in Florida.
In total, 347 thousand shares were bought and sold for approximately $6.34 million. Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. The price of UVE stock during the regular trading on February 10, 2022, was $17.09 with a 0.64% drop. At last check in the aftermarket, the stock further plummeted by 19.4%. There may be delays, omissions, or inaccuracies in the Information. Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits.
Not all coins provided by Apex Crypto LLC are available to New York residents. Please visit /cryptocurrency to see a list of crypto available to trade. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. This means that this stock is suited as a new addition to your portfolio as trading bullish markets is always a lot easier.
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