Universal Insurance upgraded by Piper Sandler with a new price target
$UVE
Property-Casualty Insurers
Finance
Piper Sandler upgraded Universal Insurance from Neutral to Overweight and set a new price target of $19.00 from $11.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/27/2023 | $11.00 → $19.00 | Neutral → Overweight | Piper Sandler |
Universal Insurance Holdings, Inc. (NYSE:UVE) ("Universal" or the "Company") announced today that its Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to $20 million of its outstanding shares of common stock through May 1, 2027. Share repurchases may be made by the Company from time to time in open market transactions at prevailing market prices. The Company intends to effect repurchase transactions in compliance with Rule 10b-18 under the Securities Exchange Act of 1934 and the Company's insider trading policy. About Universal Universal Insurance Holdings, Inc. (NYSE:UVE) is a holding company providing property and casualty insur
Diluted GAAP earnings per common share (EPS) of $1.44; diluted adjusted* EPS of $1.44 Annualized return on average common equity ("ROCE") of 41.7%, annualized adjusted* ROCE of 36.4% Direct premiums written of $467.1 million, up 4.7% from the prior year quarter Book value per share of $14.98, up 18.1% year-over-year; adjusted book value per share of $16.79, up 9.5% year-over-year Universal Insurance Holdings (NYSE:UVE) ("Universal" or the "Company") reported first quarter 2025 results. *Reconciliations of non-GAAP to GAAP financial measures are provided in the attached tables. "We continue to see signs that the 2022 Florida legislative reforms are working, providing much needed s
Universal Insurance Holdings, Inc. (NYSE:UVE) ("Universal" or the "Company") announced today that its Board of Directors has declared a quarterly cash dividend of 16 cents per share of common stock, payable May 16, 2025 to shareholders of record as of the close of business on May 9, 2025. Universal will issue a press release reporting its first quarter 2025 results after the market closes on Thursday, April 24, 2025. The company will host a conference call on Friday, April 25, 2025, at 10:00 a.m. ET to discuss financial results. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at universalinsuranceholdings.com/investors or by registe
Diluted GAAP earnings per common share (EPS) of $1.44; diluted adjusted* EPS of $1.44 Annualized return on average common equity ("ROCE") of 41.7%, annualized adjusted* ROCE of 36.4% Direct premiums written of $467.1 million, up 4.7% from the prior year quarter Book value per share of $14.98, up 18.1% year-over-year; adjusted book value per share of $16.79, up 9.5% year-over-year Universal Insurance Holdings (NYSE:UVE) ("Universal" or the "Company") reported first quarter 2025 results. *Reconciliations of non-GAAP to GAAP financial measures are provided in the attached tables. "We continue to see signs that the 2022 Florida legislative reforms are working, providing much needed s
Universal Insurance Holdings, Inc. (NYSE:UVE) ("Universal" or the "Company") announced today that its Board of Directors has declared a quarterly cash dividend of 16 cents per share of common stock, payable May 16, 2025 to shareholders of record as of the close of business on May 9, 2025. Universal will issue a press release reporting its first quarter 2025 results after the market closes on Thursday, April 24, 2025. The company will host a conference call on Friday, April 25, 2025, at 10:00 a.m. ET to discuss financial results. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at universalinsuranceholdings.com/investors or by registe
Diluted GAAP earnings per common share (EPS) of $0.21; diluted adjusted* EPS of $0.25 Annualized return on average common equity ("ROCE") of 6.2%, annualized adjusted* ROCE of 6.5% Direct premiums written of $470.9 million, up 8.8% from the prior year quarter Book value per share of $13.28, up 12.7% year-over-year; adjusted book value per share of $15.53, up 8.3% year-over-year Total capital returned to shareholders of $16.2 million, including $7.7 million of share repurchases, a $0.16 per share regular dividend and a $0.13 per share special dividend Universal Insurance Holdings (NYSE:UVE) ("Universal" or the "Company") reported fourth quarter and full year 2024 results. *
Universal Insurance Holdings, Inc. (NYSE:UVE) ("Universal" or the "Company"), announced today that William Degnan has been appointed Chief Claims Officer. Mr. Degnan was previously Executive Vice President, Claims of Alder Adjusting Corporation, Universal's wholly owned claims adjusting subsidiary. Mr. Degnan will continue to lead enterprise-wide claims processing and adjusting, overseeing over 300 professionals and multiple third-party relationships. "William has been instrumental to our claims department, helping to develop a first class organization that allows us to better serve our policyholders," said Steve Donaghy, Chief Executive Officer. "William has spearheaded multiple initiati
Universal Insurance Holdings, Inc. (NYSE:UVE) ("Universal" or the "Company"), announced today that Elizabeth Hansen has been appointed Chief Actuary. Ms. Hansen was previously Senior Vice President of Blue Atlantic Reinsurance Corporation, a wholly owned subsidiary of Universal. In her new role, Ms. Hansen will oversee pricing, reserving and co-lead risk monitoring enterprise-wide. "Elizabeth is a highly tenured actuarial and risk management professional with significant expertise in our business," said Steve Donaghy, Chief Executive Officer. "Under her leadership, I'm confident that our actuarial function will thrive and make our overall organization stronger." Ms. Hansen is a Fellow of
Arash Soleimani appointed to Chief Strategy Officer Rob Luther promoted to Chief Investment Officer Gary Ropiecki promoted to Principal Accounting Officer Universal Insurance Holdings (NYSE:UVE) ("Universal" or the "Company") announced today the appointment of Arash Soleimani as Chief Strategy Officer and promoted Rob Luther and Gary Ropiecki to Chief Investment Officer and Principal Accounting Officer, respectively. Mr. Soleimani will oversee the strategy and investor relations functions, while Mr. Luther will oversee the $1B+ investment portfolio and support M&A activities, and Mr. Ropiecki will oversee Universal's enterprise-wide accounting and reporting functions. "I'm very plea
Piper Sandler upgraded Universal Insurance from Neutral to Overweight and set a new price target of $19.00 from $11.00 previously
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