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This storm did not do any favors for UVE. $8's coming soon?
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.
Pretty powerful volume reversal and relative price move today! Bodes well
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.
Q3 report on Oct 27th! Should be very good. Perhaps EPS of 80cents.
Then shortly thereafter a regular and special div PR.
Going all in with UVE!
It is worth $25 today.
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.
Problem is...... can't break and hold even $14.....
Break 15 and hello 20.
Break 20 and hello 32.
Fun times ahead!
The next 3 years will be a mirror image!
Great Q2 results tonight.
Buy the stock.
Look at that 3 yr chart......... what a waste.
Rather remarkable this remains so low.
Keep ion accumulating!
2021 off to a great start.
Great Q1 report.
But the stock, no worries!
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.....
Falling.....in love. Bought more today. Sub 14 is stupid low!
This is my favorite stock for the next 2 years.
Quietly accumulate.....and tell no one.
Sssshhhhh
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.....
It will be up and up and up for next 2 years.
Nice report!
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......
I started buying at 15 and added many shares sub 12. It has now bottomed and turned.
How low can this keep going? I mean, this is getting pathetic.....
Down almost $1.50 since the Friday close....... again, how far down is this going before the Q4 results?
Earnings Estimate for Q4 looking like -$1.04........... how far down is this gonna dip in the next few weeks?
So the EPS and the Sales both beat the analysts' estimates, and the share price plummets 8-10%. How brilliant is that. What a crock.
Looks like we may have made it through another storm season here in FL without anything major... thankfully. Where do we think this is headed now?
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
What's up with this recent dip? I'm a longtime holder and have a long position, but I always get worried about Bozza and Tilson attempting another attack.
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.
UVE States:
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.
How big of an exposure does UVE have in the Carolinas?
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/
Anyone concerned that the possible approaching hurricane may take this down for a bit?
Anyone concerned that the possible approaching hurricane may take this down for a bit?
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.
Am I the only one liking this earnings beat?!!!
Is this rise in PPS today simply because of the earnings estimate?
It's been rather bullish for the last 2 yrs now......... and looks like it will keep on going......
Looks like a positive earnings estimate, and the PPS is tanking hard today.... MM's bringing it down so they can accumulate right before the earnings release? I'm thinking it should rise to the $35 level after earnings come out.....
Can we keep climbing up to the $40's, or are we going to bounce somewhere around the $30 mark for the next 6 months? Thoughts?
Hope everyone accumulated well in the last 6 months........now is the time to reap the benefits!
Looks like UVE made it through just nicely, and its been on a steady uphill climb!!! How far can it go?? $30?