UNIVERSAL INSURANCE HOLDINGS IN (NYSE:UVE):
Universal Insurance Holdings, Inc. Subsidiary UPCIC Writes First Homeowners Insurance Policy And Launches Universal Direct In Virginia.
The company is down since yesterday’s close of $21.
Additionally UNIVERSAL INSURANCE HOLDINGS IN recently announced a dividend that was paid on Monday October 24th, 2016. The dividend payment was $0.140 per share for the quarter which comes to $0.56 on an annualized basis. This dividend amount was represent a yeild of $2.53. The ex-dividend date was Thursday the 8th of September 2016.
Shares of the company are trading at $20.90 a tad below the 50 day moving average which is $23.26 and which is a tad above the 200 day moving average of $20.69. The 50 day moving average went down $-2.36 or -10.15% and the 200 day average moved up $0.21.
The company’s P/E ratio is 6.31 and the market value is 732.80M. As of the last earnings report the EPS was $3.31 and is estimated to be $2.77 for the current year with 35,062,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.78 and the next full year EPS is projected to be $3.25.
Ratings analysts have provided guidance on the company. On November 23 the company was rated “Outperform” in a report from Keefe Bruyette & Woods a boost from the previous “Market Perform” rating. February 26 investment analysts at Keefe Bruyette & Woods kept the stock rating at “Market Perform” but moved down the price target from $25.00 to $21.00.
On December 3 Keefe Bruyette & Woods held the company rating at “Outperform” and moved up the price target to $21.00 from $20.00. On September 2, 2014 Keefe Bruyette & Woods began coverage of UVE with an initial rating of “Outperform” and price target of $16.50.
On April 3 analysts at Sidoti & Co. starting coverage on UVE setting a rating of “Buy” and a price target of $21.00.