Universal Insurance Continues Its Profitable Resurgence [Seeking Alpha]
UNIVERSAL INSURANCE HOLDINGS INC (UVE)
NASDAQ:AMEX Investor Relations:
universalinsuranceholdings.com
Company Research
Source: Seeking Alpha
Follow Summary Universal Insurance Holdings is a financial turnaround, with earnings and share price growth, leading to a Buy rating. The company, primarily operating in Florida, benefits from reduced competition and strong underwriting performance, because of special circumstances in its home state and other coastal states. Universal's Q2 2024 results beat estimates, showing significant revenue and net income growth, and an improved combined ratio. With a projected 16.59% share price increase and a $24.94 one-year target, Universal is undervalued and poised for future profits. jonathansloane/E+ via Getty Images Investment Thesis From the second half of 2018 to the second half of 2022, the earnings and share price of Universal Insurance Holdings, Inc. ( NYSE: UVE ) sagged and sagged. Now, earnings are growing, and the share price is growing with it. The recent second quarter 2024 results provided more EPS growth, and analysts see double-digit increases for this year
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News
- With 69% ownership, Universal Insurance Holdings, Inc. (NYSE:UVE) boasts of strong institutional backing [Yahoo! Finance]Yahoo! Finance
- With EPS Growth And More, Universal Insurance Holdings (NYSE:UVE) Makes An Interesting Case [Yahoo! Finance]Yahoo! Finance
- Universal Insurance Holdings, Inc. (NYSE: UVE) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Interested In Universal Insurance Holdings' (NYSE:UVE) Upcoming US$0.16 Dividend? You Have Four Days Left [Yahoo! Finance]Yahoo! Finance
- Universal Reports Second Quarter 2024 ResultsBusiness Wire
UVE
Earnings
- 7/25/24 - Beat
UVE
Sec Filings
- 9/20/24 - Form 4
- 9/19/24 - Form 144
- 8/30/24 - Form 4
- UVE's page on the SEC website