Here we are, 9 months later, and $30 is nowhere in sight....... but a new 52-wk LOW today. This may actually break down into the single digits, and if it does, it may very well not climb back out.
This stock has become worthless. Another losing quarter, and everyone is bailing. Universal has raised insurance premiums 20-80%+ over the past 12 months, and they have non-renewed thousands and thousands of policyholders as well. This used to be a good stock back in the $30's and $40's, but those days are long gone and not to be seen again for many many years at least.
Hope a few others here are enjoying the UVE train that is just starting to move upward. Tomorrow the 29cent div will hit our accounts. Clear path to $30 in 9 months and clear path to $60 if interest do start rising later next year. That is how insurance companies make money.
Great report! +64cents
And beat on revenue
And huge premium increases coming
Stock is worth $30....easy.
Very true. But one of these times it will and for all the right fundamental reasons. Q3 will come in much better than analyst estimates since hurricanes are very few and nine have hit FL. I also suspect a big special dividend later this year.
The next 3 years will be a mirror image!
Great Q2 results tonight.
Buy the stock.
Rather remarkable this remains so low.
Keep ion accumulating!
That is all ok by me whether true or not.
It will rise based on EPS just as it fell based on EPS.
I am fine waiting 2 years for $30 but I think it gets there far sooner.
Rate increases and a little inflation will make EPS go up a lot.
But look at the 1 yr and 3 yr trend. And they have shut down writing any new business throughout most of FL, and they are non-renewing/cancelling tons of people. This will bounce around the $12-15 mark for at least another year.....
The way it held up this past week relative to other small caps bodes well. Uihc also performed well. I own both but think UVE has more upside.
Hope so. This was $40 not that many years ago.....
Sort of a nasty dip.
Might have to buy more.
Um, 16 is looking like a distant memory..... how low is this going to keep falling? Are we going to challenge the 52-wk low of a few months ago? Terribly disappointing....
It will trend upward for a couple years now and 16 will be a distant memory within a couple months. Their management is strong and savvy and shareholder friendly. About a decade ago they self-sacrificed for shareholders by selling blocks of their own shares to the company at a discount. Everyone won.
Even with cash dividends I don't see this reaching $16 again anytime soon. This was a stock in the $40's not that long ago.
The officers/directors do have some nice salaries, though......
Down almost $1.50 since the Friday close....... again, how far down is this going before the Q4 results?
News: $UVE Universal Insurance Holdings, Inc. Insurance Subsidiaries Complete 2019-2020 Reinsurance Programs
FORT LAUDERDALE, Fla. , May 31, 2019 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today announced the completion by Universal Property & Casualty Insurance Company ("UPCIC") and American Platinum Property and Casualty Insurance Company ("APPCIC"), the Company...
Find out more https://marketwirenews.com/news-releases/universal-insurance-holdings-inc-insurance-subsidiaries-complete-2019-2020-reinsurance-programs-8277522.html
Besides, I truly believe UVE is solid and will remain solid after healing their loyal customers with the needed cash to rebuild.
I think 2008 is when UVE entered the Carolina market. I think your concern should also include the path of Hurricane Florence, all states affected.
Alabama, Delaware, Florida, Georgia, Hawaii, Indiana, Maryland,
Massachusetts, Michigan, Minnesota, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, and Virginia. Possibly Illinois, Iowa, and West Virginia also.
I do not follow as I once did. Possibly a Carolina insurance agent might have the figures you are looking for. I would assume it be part of their sales hype I would imagine. Maybe not, but I think it is a good guess.
Nearly 1.6 million customers out 1.7 million customers have had their power restored which would have minimized extended damage.
Aspen Insurance Holdings Limited (NYSE:AHL) Gets Downgraded to Neutral by Buckingham Research with a Price Target of $42.75 – Today, Aspen Insurance Holdings Limitedstock was downgraded by Buckingham Research from Buy to Neutral with a price target of $42.75. There are 4 Hold Ratings, no Strong Buy Ratings, no Sell Ratings, no Buy Ratings on the stock. The current consensus rating on Aspen Insurance Holdings Limited is Hold with a consensus target price of $41.6875 per share, a potential 1.68% upside. Recent analyst rating: 9/10/2018-Aspen Insurance Holdings Limited gets downgraded to Neutral by Buckingham Research with a price target of $42.75. Read more: https://marketexclusive.com/aspen-insurance-holdings-limited-nyseahl-gets-downgraded-to-neutral-by-buckingham-research-with-a-price-target-of-42-75/2018/09/
I wish I would have been able to load a TON right after the Hurricane last September here in FL. It has been on an incredible rise since......
You must be. Just amazing to see UVE in the 40s. I played it from the high teens to mid 20s a while back but never thought it would get this high.
Universal Insurance Holdings, Inc. (UIH) is a vertically integrated insurance holding company, which through its various subsidiaries, covers substantially all aspects of insurance underwriting, distribution, claims processing and exposure management. Universal Property & Casualty Insurance Company (UPCIC), a wholly owned subsidiary of UIH, is one of the five leading writers of homeowners' insurance in Florida and is now fully licensed and has commenced its operations in Georgia, Hawaii, North Carolina and South Carolina. Additionally, the Company has also filed an application to the Texas Department of Insurance to form a separate property and casualty subsidiary to write homeowners' insurance coverage in Texas.
UPCIC has established strong relationships with a network of approximately 2,800 independent agents by emphasizing personal interaction, offering superior services and maintaining an exclusive focus on homeowners insurance. The Company’s underwriters work closely with independent agents to market and underwrite business. With competitively priced products, convenient installment billing plans and proactive claims management, UPCIC provides its customers with superior service.
UPCIC's portfolio as of March 31, 2009 includes approximately 498,000 policies
Universal Insurance Holdings Inc: Stock Rating Summary is a FIVE. Universal Insurance Holdings Inc, a small-cap growth company in the finance sector, is expected
to outperform the market over the next six months with above average risk.
Universal Property & Casualty Insurance Company (UPCIC) is a wholly-owned subsidiary of Universal Insurance Holding Company, a Florida corporation. Universal Insurance Holding Company is wholly owned by Universal Insurance Holdings, Inc.
UPCIC has aligned itself with some of the best and most respected service providers in the industry. This functional structure affords UPCIC the opportunity to take advantage of a unique combination of financial strength, underwriting skills, analytical expertise and administrative capability
Universal Inspection Corporation is a subsidiary of UIH. Universal Inspection Corporation performs property inspections for homeowners' policies underwritten by UPCIC.
The mission of Universal Property & Casualty Insurance Company and the Red Elephant is to deliver exceptional service and value to you, our customer. We offer smart solutions, financial security and peace of mind. The wisdom of the Red Elephant guarantees that we never forget our most important job, serving our customers. So if you need a friend in the insurance jungle, the Red Elephant and Universal Property & Casualty are always ready to stand by your side.
Universal Property & Casualty Insurance Company is dedicated to providing unsurpassed service to its agents and our customers. When you call Universal Property & Casualty, you will not talk to a voice mail system. A well-trained representative is ready to help.
Underwriters are always available. Universal Property & Casualty is committed to processing all claims quickly and efficiently with every effort made to furnish the client with immediate service.
We pride ourselves on personal attention, servicing each customer's claim as if s(he) were a member of our own family. Our goal is to give our customers the quickest turnaround time possible on all claims.
Universal Property & Casualty has been granted a superior "A" rating by Demotech.
Universal Insurance Holdings, Inc
1110 W. Commercial Blvd.
Fort Lauderdale, FL 33309
North American Transfer Co., Freeport, NY 11520
UVE selected financial information
The company is an insurance holding company operating solely in the state of Florida.
AMEX listing celebration May 1st, 2007
Insurance Journal Magazine link
Home Insurance Buyers Guide, LLC launched a searchable database where homeowners can find private insurance
companies still writing new homeowner insurance business in Florida.
The Property Casualty Insurers Association of America
Universal Insurance Holdings Inc: Stock Rating SummaryUniversal Insurance Holdings Inc, a small-cap growth company in the finance sector, is expected
to outperform the market over the next six months with above average risk.
Dresner Corporate Services
Phone: (312) 780-7240