Universal Insurance Holdings Inc (NYSE:UVE) declared a quarterly dividend on Thursday, April 12th, RTT News reports. Shareholders of record on Friday, April 27th will be given a dividend of 0.14 per share by the insurance provider on Friday, May 4th. This represents a $0.56 annualized dividend and a yield of 1.73%. The ex-dividend date is Thursday, April 26th.
Universal Insurance has raised its dividend payment by an average of 11.9% per year over the last three years.
Shares of NYSE UVE traded down $0.30 during trading on Thursday, hitting $32.40. The stock had a trading volume of 149,213 shares, compared to its average volume of 259,214. Universal Insurance has a 12 month low of $15.07 and a 12 month high of $33.20. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $1,136.54, a price-to-earnings ratio of 10.90 and a beta of 1.75.
Universal Insurance (NYSE:UVE) last posted its quarterly earnings results on Tuesday, February 20th. The insurance provider reported $1.03 earnings per share for the quarter. The company had revenue of $201.31 million during the quarter. Universal Insurance had a net margin of 14.22% and a return on equity of 25.45%.
In other news, Director Scott P. Callahan sold 2,600 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $30.53, for a total value of $79,378.00. Following the sale, the director now directly owns 8,536 shares of the company’s stock, valued at $260,604.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 10.50% of the company’s stock.
Several equities analysts recently weighed in on UVE shares. Keefe, Bruyette & Woods set a $32.00 price target on shares of Universal Insurance and gave the company a “buy” rating in a research report on Monday, January 15th. ValuEngine lowered shares of Universal Insurance from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 7th.
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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 primarily offers personal residential homeowner's insurance. It also underwrites homeowner's multi-peril insurance; and fire, commercial multi-peril, and other liability lines of business.
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