UNIVERSAL INSURANCE HOLDINGS IN (NYSE:UVE):
Universal Insurance Holdings, Inc. Announces Third Quarter 2016 Earnings Release and Conference Call Date.
In the market the company is trading down by -0.48 percent from yesterday’s close.
UNIVERSAL INSURANCE HOLDINGS IN declared a dividend for shareholders that was paid on Monday the 24th of October 2016. The dividend payment was $0.140 per share for the quarter or $0.56 annualized. This dividend represents a yield of $2.53. The ex-dividend date was set for Thursday the 8th of September 2016.
Company shares last traded at $20.90 barely below the 50 day moving average of $23.26 and which is marginally over the 200 day moving average of $20.69. The 50 day moving average was down by -10.15% whereas the 200 day moving average was up $0.21 or +1.00%.
The most current P/E ratio is 6.31 and market capitalization is 732.80M. In the latest earnings report the EPS was $3.31 and is projected to be $2.77 for the current year with 35,062,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.78 with next year’s EPS projected to be $3.25.
Brokerage firms have provided guidance on the stock of late. On November 23 the stock rating was upgraded to “Outperform” from “Market Perform” in a report from Keefe Bruyette & Woods. February 26 investment analysts at Keefe Bruyette & Woods made no change to the stock rating of “Market Perform” but moved down the price target from $25.00 to $21.00.
On December 3 Keefe Bruyette & Woods left the stock rating at “Outperform” but raised the price expectation to $21.00 from $20.00. Keefe Bruyette & Woods started coverage setting a rating of “Outperform” and setting a price target of $16.50.
Equity analyst Sidoti & Co. initiated coverage on the stock with a rating of “Buy” and establishing a price target of $21.00.