ValuEngine Upgrades Universal Insurance (NYSE:UVE) to Buy

Universal Insurance (NYSE:UVE) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday, July 26th.

Separately, Keefe, Bruyette & Woods set a $35.00 price target on Universal Insurance and gave the stock a “buy” rating in a report on Tuesday, April 10th.

Universal Insurance stock traded down $0.60 during midday trading on Thursday, reaching $44.55. The company’s stock had a trading volume of 243,482 shares, compared to its average volume of 233,180. The stock has a market cap of $1.58 billion, a PE ratio of 12.16 and a beta of 1.85. Universal Insurance has a fifty-two week low of $15.07 and a fifty-two week high of $45.90. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.71 and a quick ratio of 0.71.

Universal Insurance (NYSE:UVE) last issued its quarterly earnings data on Wednesday, July 25th. The insurance provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.25. Universal Insurance had a return on equity of 29.16% and a net margin of 16.71%. The company had revenue of $209.79 million for the quarter.

In related news, CEO Sean P. Downes sold 20,000 shares of Universal Insurance stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $35.77, for a total transaction of $715,400.00. Following the completion of the transaction, the chief executive officer now directly owns 1,479,141 shares in the company, valued at approximately $52,908,873.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Also, COO Stephen Donaghy sold 10,514 shares of Universal Insurance stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $42.33, for a total value of $445,057.62. Following the transaction, the chief operating officer now owns 458,093 shares of the company’s stock, valued at $19,391,076.69. The disclosure for this sale can be found here . Over the last quarter, insiders have sold 158,505 shares of company stock valued at $6,426,047. Insiders own 10.60% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. United Services Automobile Association raised its holdings in Universal Insurance by 4.6% in the 2nd quarter. United Services Automobile Association now owns 33,256 shares of the insurance provider’s stock valued […]

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