Universal Insurance (NYSE:UVE) Downgraded by StockNews.com to “Buy”
Written by ABC AUDIO on February 13, 2022
Universal Insurance (NYSE:UVE) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Friday.
Other analysts have also recently issued research reports about the stock. TheStreet raised shares of Universal Insurance from a “c+” rating to a “b” rating in a research note on Thursday, December 23rd. Zacks Investment Research cut shares of Universal Insurance from a “buy” rating to a “hold” rating in a research note on Saturday, December 25th.
Shares of UVE stock traded down $4.66 on Friday, reaching $12.43. 1,363,436 shares of the company were exchanged, compared to its average volume of 260,122. The company has a market cap of $387.42 million, a price-to-earnings ratio of 7.72 and a beta of 1.06. The business has a 50-day moving average price of $17.25 and a 200 day moving average price of $15.20. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.53 and a current ratio of 0.53. Universal Insurance has a 1 year low of $12.10 and a 1 year high of $19.64.
Several institutional investors have recently bought and sold shares of UVE. Donald Smith & CO. Inc. grew its stake in shares of Universal Insurance by 88.8% in the 3rd quarter. Donald Smith & CO. Inc. now owns 691,864 shares of the insurance provider’s stock valued at $9,022,000 after buying an additional 325,404 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in shares of Universal Insurance in the 4th quarter valued at approximately $3,431,000. Nordea Investment Management AB lifted its holdings in shares of Universal Insurance by 99.4% in the 3rd quarter. Nordea Investment Management AB now owns 381,192 shares of the insurance provider’s stock worth $5,006,000 after acquiring an additional 190,051 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Universal Insurance by 130.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 143,879 shares of the insurance provider’s stock worth $2,446,000 after acquiring an additional 81,495 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Universal Insurance in the 3rd quarter worth approximately $1,048,000. 64.85% of the stock is owned by institutional investors and hedge funds.
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Universal Insurance Company Profile
Universal Insurance Holdings, Inc operates as a holding company offering property and casualty insurance and value-added insurance services. It develops, markets and underwrites insurance products for consumers in the personal residential homeowners lines of business and perform substantially all other insurance-related services for primary insurance entities, including risk management, claims management, and distribution.
Further Reading
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