Universal Insurance Holdings, Inc. (NYSE:UVE) traded at $14.46 at last check on Friday, Nov 20, making an upward move of 1.97% on its previous day’s price.
Looking at the stock we see that its previous close was $14.18 and the beta (5Y monthly) reads 0.98 with the day’s price range being $13.94 – 14.46. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, UVE has a high of $29.82 and a low of $10.84. The company’s stock has gained about 1.19% over that past 30 days.
Universal has a market cap of $443.63 Million and is expected to release its quarterly earnings report on October 27, 2020. With its Forward Dividend at 0.64 and a yield of 4.43%, the company’s investors could be anxious for the UVE stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.39, with the EPS growth for the year declined at $0.3 for 2020 and $2.6 for next year. These figures represent -0.75% and at 7.67% growth in EPS for the two years respectively.
On the other hand, looking at the outlook for the UVE stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Coming back to Universal Insurance Holdings, Inc. (NYSE:UVE), we note that the average 3-month trading volume was 259.08 Million, while that of the preceding 10-day period stands at 290.44 Million. Current shares outstanding are 31.33 Million.
According to data from Thomson Reuters, insiders hold 9.93% of the company’s shares while institutions hold 74.99%. The data shows that short shares as of October 29, 2020, stood at 1.04 Million at a short ratio of 4.47. This represents a 3.31% Short interest in Shares outstanding on October 29, 2020. Shares short dropped in October from the previous month at 1.11 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -48.34% down in year-to-date price movement.