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Universal Insurance Holdings

NYSE:UVE
Snowflake Description

Undervalued with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
UVE
NYSE
$986M
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

Universal Insurance Holdings, Inc., together with its subsidiaries, operates as an integrated insurance holding company in the United States. The last earnings update was 26 days ago. More info.


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  • Universal Insurance Holdings has significant price volatility in the past 3 months.
UVE Share Price and Events
7 Day Returns
-3%
NYSE:UVE
2.2%
US Insurance
1.6%
US Market
1 Year Returns
-19.8%
NYSE:UVE
7.1%
US Insurance
2.6%
US Market
UVE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Universal Insurance Holdings (UVE) -3% -2.6% -28.9% -19.8% 49.1% 135.8%
US Insurance 2.2% 3.3% 6.1% 7.1% 32.9% 46.2%
US Market 1.6% -1.7% 2.1% 2.6% 38.5% 41.4%
1 Year Return vs Industry and Market
  • UVE underperformed the Insurance industry which returned 7.1% over the past year.
  • UVE underperformed the Market in United States of America which returned 2.6% over the past year.
Price Volatility
UVE
Industry
5yr Volatility vs Market

UVE Value

 Is Universal Insurance Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Universal Insurance Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Universal Insurance Holdings.

NYSE:UVE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $12.21 * 27.3%
$3.33
Book Value of Equity per Share Median Book Value from the past 5 years. $12.21
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:UVE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 21%) (5.51%))
0.844
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.844 * 5.96%)
7.76%

Discounted Cash Flow Calculation for NYSE:UVE using Excess Returns Model Model

The calculations below outline how an intrinsic value for Universal Insurance Holdings is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:UVE Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (27.3% – 7.76%) * $12.21)
$2.38
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $2.38 / (7.76% - 2.73%)
$47.41
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $12.21 + $47.41
$59.62
NYSE:UVE Discount to Share Price
Calculation Result
Value per share (USD) From above. $59.62
Current discount Discount to share price of $28.46
= -1 x ($28.46 - $59.62) / $59.62
52.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Universal Insurance Holdings is available for.
Intrinsic value
>50%
Share price is $28.46 vs Future cash flow value of $59.62
Current Discount Checks
For Universal Insurance Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Universal Insurance Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Universal Insurance Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Universal Insurance Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Universal Insurance Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:UVE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.36
NYSE:UVE Share Price ** NYSE (2019-05-21) in USD $28.46
United States of America Insurance Industry PE Ratio Median Figure of 90 Publicly-Listed Insurance Companies 16.89x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.74x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Universal Insurance Holdings.

NYSE:UVE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:UVE Share Price ÷ EPS (both in USD)

= 28.46 ÷ 3.36

8.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Universal Insurance Holdings is good value based on earnings compared to the US Insurance industry average.
  • Universal Insurance Holdings is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Universal Insurance Holdings's expected growth come at a high price?
Raw Data
NYSE:UVE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
8.5%per year
United States of America Insurance Industry PEG Ratio Median Figure of 67 Publicly-Listed Insurance Companies 1.54x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

NYSE:UVE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.46x ÷ 8.5%

0.99x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Universal Insurance Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Universal Insurance Holdings's assets?
Raw Data
NYSE:UVE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $15.57
NYSE:UVE Share Price * NYSE (2019-05-21) in USD $28.46
United States of America Insurance Industry PB Ratio Median Figure of 119 Publicly-Listed Insurance Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,202 Publicly-Listed Companies 1.84x
NYSE:UVE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:UVE Share Price ÷ Book Value per Share (both in USD)

= 28.46 ÷ 15.57

1.83x

* Primary Listing of Universal Insurance Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Universal Insurance Holdings is overvalued based on assets compared to the US Insurance industry average.
X
Value checks
We assess Universal Insurance Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Universal Insurance Holdings has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

UVE Future Performance

 How is Universal Insurance Holdings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Universal Insurance Holdings expected to grow at an attractive rate?
  • Universal Insurance Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Universal Insurance Holdings's earnings growth is positive but not above the United States of America market average.
  • Universal Insurance Holdings's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:UVE Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:UVE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 8.5%
NYSE:UVE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 9.5%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 9.7%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:UVE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:UVE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,131 136 1
2020-12-31 1,041 108 1
2019-12-31 948 85 1
NYSE:UVE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 869 209 117
2018-12-31 824 230 117
2018-09-30 809 183 160
2018-06-30 793 262 132
2018-03-31 769 225 116
2017-12-31 752 245 107
2017-09-30 729 229 84
2017-06-30 711 110 101
2017-03-31 696 150 105
2016-12-31 685 121 99
2016-09-30 669 157 115
2016-06-30 653 164 118

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Universal Insurance Holdings's earnings are expected to grow by 8.5% yearly, however this is not considered high growth (20% yearly).
  • Universal Insurance Holdings's revenue is expected to grow by 9.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:UVE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Universal Insurance Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:UVE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 4.05 4.05 4.05 1.00
2020-12-31 3.15 3.15 3.15 1.00
2019-12-31 2.44 2.44 2.44 1.00
NYSE:UVE Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.36
2018-12-31 3.36
2018-09-30 4.60
2018-06-30 3.81
2018-03-31 3.33
2017-12-31 3.07
2017-09-30 2.41
2017-06-30 2.88
2017-03-31 3.00
2016-12-31 2.85
2016-09-30 3.30
2016-06-30 3.40

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Universal Insurance Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Universal Insurance Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Universal Insurance Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

UVE Past Performance

  How has Universal Insurance Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Universal Insurance Holdings's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Universal Insurance Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Universal Insurance Holdings's 1-year earnings growth is less than its 5-year average (1.2% vs 12.5%)
  • Universal Insurance Holdings's earnings growth has not exceeded the US Insurance industry average in the past year (1.2% vs 6.6%).
Earnings and Revenue History
Universal Insurance Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Universal Insurance Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:UVE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 868.90 117.13 262.02
2018-12-31 823.82 117.04 256.14
2018-09-30 808.76 159.91 250.78
2018-06-30 792.84 132.49 239.02
2018-03-31 768.54 115.78 237.70
2017-12-31 751.92 106.93 230.66
2017-09-30 729.21 84.18 225.29
2017-06-30 711.40 101.10 222.83
2017-03-31 695.72 105.37 220.36
2016-12-31 685.29 99.40 220.76
2016-09-30 668.79 114.90 219.41
2016-06-30 653.39 118.31 219.97
2016-03-31 607.18 109.37 207.82
2015-12-31 546.54 106.47 182.82
2015-09-30 488.93 98.29 161.62
2015-06-30 435.38 89.34 138.50
2015-03-31 398.78 81.76 124.73
2014-12-31 369.28 72.98 116.90
2014-09-30 342.37 67.58 107.22
2014-06-30 317.24 60.64 99.97
2014-03-31 308.01 60.54 93.94
2013-12-31 301.16 58.95 90.79
2013-09-30 298.81 47.77 100.17
2013-06-30 294.98 41.61 99.52
2013-03-31 277.15 32.36 94.15
2012-12-31 269.92 30.03 90.78
2012-09-30 251.22 23.31 77.99
2012-06-30 226.55 16.04 72.55

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Universal Insurance Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Universal Insurance Holdings used its assets more efficiently than the US Insurance industry average last year based on Return on Assets.
  • Universal Insurance Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Universal Insurance Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Universal Insurance Holdings has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

UVE Health

 How is Universal Insurance Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Universal Insurance Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Universal Insurance Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Universal Insurance Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Universal Insurance Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 11.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Universal Insurance Holdings Company Filings, last reported 1 month ago.

NYSE:UVE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 539.05 54.33 185.06
2018-12-31 501.63 114.24 166.43
2018-09-30 531.02 42.10 252.29
2018-06-30 492.07 15.11 311.09
2018-03-31 465.09 12.67 254.67
2017-12-31 439.99 49.58 223.49
2017-09-30 420.56 13.24 366.18
2017-06-30 421.07 13.60 245.50
2017-03-31 398.77 13.97 165.37
2016-12-31 371.19 15.03 110.73
2016-09-30 373.26 15.40 210.24
2016-06-30 351.36 16.30 220.29
2016-03-31 314.30 23.08 172.54
2015-12-31 293.09 24.05 222.04
2015-09-30 282.95 28.05 276.80
2015-06-30 255.33 27.33 313.36
2015-03-31 241.92 39.29 219.82
2014-12-31 199.92 36.53 165.39
2014-09-30 189.14 36.66 207.83
2014-06-30 178.10 35.30 201.36
2014-03-31 170.98 40.11 122.77
2013-12-31 175.61 52.19 117.28
2013-09-30 166.40 59.57 137.29
2013-06-30 156.03 62.40 180.86
2013-03-31 172.14 46.92 482.88
2012-12-31 163.51 46.22 436.76
2012-09-30 166.01 49.79 418.98
2012-06-30 161.76 48.61 442.33
  • Universal Insurance Holdings's level of debt (10.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (23.4% vs 10.1% today).
  • Debt is well covered by operating cash flow (385.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 448.7x coverage).
X
Financial health checks
We assess Universal Insurance Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Universal Insurance Holdings has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

UVE Dividends

 What is Universal Insurance Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.71%
Current annual income from Universal Insurance Holdings dividends. Estimated to be 2.81% next year.
If you bought $2,000 of Universal Insurance Holdings shares you are expected to receive $54 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Universal Insurance Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Universal Insurance Holdings's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:UVE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Insurance Industry Average Dividend Yield Market Cap Weighted Average of 80 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:UVE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.83 1.00
2020-12-31 0.80 1.00
2019-12-31 0.77 1.00
NYSE:UVE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-10 0.770 2.606
2019-01-31 0.770 2.266
2018-11-16 0.770 1.952
2018-05-29 0.770 1.845
2018-04-12 0.690 2.055
2018-01-22 0.690 2.256
2017-11-16 0.690 2.561
2017-08-31 0.690 3.057
2017-04-12 0.690 2.847
2017-01-23 0.690 2.728
2016-11-15 0.690 2.622
2016-08-31 0.710 3.114
2016-04-13 0.710 3.660
2016-01-14 0.710 3.942
2015-11-05 0.630 2.805
2015-08-31 0.630 2.099
2015-04-14 0.630 2.422
2015-01-13 0.630 2.604
2014-11-10 0.550 2.794
2014-03-03 0.340 2.535
2013-03-08 0.460 5.970
2012-09-10 0.340 8.104
2012-04-23 0.340 9.691
2012-02-23 0.400 9.958
2011-12-05 0.560 14.812
2011-08-15 0.320 8.107
2011-08-05 0.000 0.000
2011-01-06 0.400 7.664
2010-10-06 0.400 8.362
2010-05-24 0.400 9.275
2010-03-16 0.480 9.490
2009-11-03 0.540 9.160
2009-06-17 0.480 9.579

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Universal Insurance Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.2x coverage).
X
Income/ dividend checks
We assess Universal Insurance Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Universal Insurance Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Universal Insurance Holdings has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

UVE Management

 What is the CEO of Universal Insurance Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sean Downes
COMPENSATION $17,923,379
AGE 48
TENURE AS CEO 6.3 years
CEO Bio

Mr. Sean P. Downes has been the Chief Executive Officer of Universal Insurance Holdings Inc. since February 22, 2013 and served as its and President until March 11, 2016. Mr. Downes served as the Chief Operating Officer of Universal Insurance Holdings Inc. from August 19, 2005 to February 22, 2013 and its subsidiary Universal Property & Casualty Insurance Company since July 2003. Mr. Downes served as a Senior Vice President of Universal Insurance Holdings Inc., from January 2005 to February 2013. He served as the Chief Operating Officer of Universal Adjusting Corporation from July 1999 to July 2003 and created Universal Adjusting Corporation's claims operation. He joined Universal Insurance Holdings Inc. in July 1999, he served as a Vice President of Dennis Downes and Associates. He has been Chairman of Universal Insurance Holdings Inc. since 2013 and has been its Director since January 2005. He has been a Director of Universal Property & Casualty Insurance Company since July 2003.

CEO Compensation
  • Sean's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Sean's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Universal Insurance Holdings management team in years:

4.3
Average Tenure
52
Average Age
  • The tenure for the Universal Insurance Holdings management team is about average.
Management Team

Sean Downes

TITLE
Chairman of the Board & CEO
COMPENSATION
$18M
AGE
48
TENURE
6.3 yrs

Jon Springer

TITLE
President
COMPENSATION
$7M
AGE
48
TENURE
3.2 yrs

Frank Wilcox

TITLE
CFO & Principal Accounting Officer
COMPENSATION
$2M
AGE
52
TENURE
5.6 yrs

Steve Donaghy

TITLE
COO & Secretary
COMPENSATION
$3M
AGE
53
TENURE
3.2 yrs

Kim Campos

TITLE
Chief Information Officer
COMPENSATION
$445K
AGE
40
TENURE
4.3 yrs

Darryl Lewis

TITLE
Chief Legal Officer
COMPENSATION
$58K
AGE
53
TENURE
0.8 yrs

Rob Luther

TITLE
VP of Corporate Strategy & Investor Relations

Jim Lynch

TITLE
Director of Financial Analysis
COMPENSATION
$910K
AGE
63
TENURE
8.6 yrs
Board of Directors Tenure

Average tenure and age of the Universal Insurance Holdings board of directors in years:

5.8
Average Tenure
50
Average Age
  • The tenure for the Universal Insurance Holdings board of directors is about average.
Board of Directors

Jon Springer

TITLE
President
COMPENSATION
$7M
AGE
48
TENURE
6.3 yrs

Kim Campos

TITLE
Chief Information Officer
COMPENSATION
$445K
AGE
40
TENURE
2.3 yrs

Ozzie Schindler

TITLE
Director
COMPENSATION
$91K
AGE
49
TENURE
12.3 yrs

Sean Downes

TITLE
Chairman of the Board & CEO
COMPENSATION
$18M
AGE
48
TENURE
5.8 yrs

Mike Pietrangelo

TITLE
Lead Independent Director
COMPENSATION
$100K
AGE
76
TENURE
5.3 yrs

Scott Callahan

TITLE
Director
COMPENSATION
$85K
AGE
64
TENURE
5.9 yrs

Ralph Palmieri

TITLE
Director
COMPENSATION
$100K
AGE
71
TENURE
4.9 yrs

Richard Peterson

TITLE
Director
COMPENSATION
$100K
AGE
50
TENURE
4.9 yrs

Joel Wilentz

TITLE
Director
COMPENSATION
$85K
AGE
83
TENURE
22.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Universal Insurance Holdings insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
08. Mar 19 Buy Stephen Donaghy Individual 06. Mar 19 06. Mar 19 20,000 $31.50 $630,000
06. Mar 19 Buy Frank Wilcox Individual 04. Mar 19 04. Mar 19 700 $32.25 $22,537
18. Dec 18 Sell Kimberly Campos Individual 13. Dec 18 13. Dec 18 -4,610 $40.79 $-188,064
04. Aug 18 Sell Sean Downes Individual 02. Aug 18 02. Aug 18 -20,000 $45.36 $-907,202
04. Aug 18 Sell Jon Springer Individual 02. Aug 18 02. Aug 18 -20,000 $45.30 $-905,970
03. Aug 18 Sell Sean Downes Individual 31. Jul 18 31. Jul 18 -20,000 $45.23 $-895,038
03. Aug 18 Sell Michael Pietrangelo Individual 31. Jul 18 31. Jul 18 -10,000 $44.53 $-445,304
03. Aug 18 Sell Jon Springer Individual 31. Jul 18 31. Jul 18 -7,000 $45.45 $-318,121
30. Jul 18 Sell Stephen Donaghy Individual 27. Jul 18 30. Jul 18 -19,705 $43.20 $-842,111
01. Jun 18 Sell Ralph Palmieri Individual 30. May 18 30. May 18 -7,800 $36.41 $-284,019
30. May 18 Sell Sean Downes Individual 24. May 18 24. May 18 -20,000 $35.77 $-715,434
X
Management checks
We assess Universal Insurance Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Universal Insurance Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

UVE News

Simply Wall St News

Does The Universal Insurance Holdings, Inc. (NYSE:UVE) Share Price Tend To Follow The Market?

(NYSE:UVE), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … What this means for you: Since Universal Insurance Holdings has a reasonably high beta, it's worth considering why it is so heavily influenced by broader market sentiment. … This article aims to educate investors about beta values, but it's well worth looking at important company-specific fundamentals such as Universal Insurance Holdings’s financial health and performance track record.

Simply Wall St -

Universal Insurance Holdings, Inc. (NYSE:UVE): Ex-Dividend Is In 1 Days

If you are interested in cashing in on Universal Insurance Holdings, Inc.'s (NYSE:UVE) upcoming dividend of US$0.16 per share, you only have 1 days left to buy the shares before its ex-dividend date, 02 May 2019, in time for dividends payable on the 10 May 2019. … Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … Let's take a look at Universal Insurance Holdings's most recent financial data to examine its dividend characteristics in more detail.

Simply Wall St -

Universal Insurance Holdings, Inc. (NYSE:UVE): Is It A Good Long Term Opportunity?

The latest earnings announcement Universal Insurance Holdings, Inc. … (NYSE:UVE) released in December 2018a

Simply Wall St -

Should You Consider Universal Insurance Holdings, Inc. (NYSE:UVE)?

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook.

Simply Wall St -

At US$31.00, Is Universal Insurance Holdings, Inc. (NYSE:UVE) Worth Looking At Closely?

Universal Insurance Holdings, Inc. … A question to answer is whether Universal Insurance Holdings's current trading price of $31 reflective of the actual value of the? … Let’s take a look at Universal Insurance Holdings’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Universal Insurance Holdings, Inc. (NYSE:UVE)'s Earnings Grew 9.5%, Is It Enough?

Measuring Universal Insurance Holdings, Inc.'s (NYSE:UVE) track record of past performance is an insightful exercise for investors. … Below, I will assess UVE's recent performance announced on 31 December 2018 and compare these figures to its historical trend and industry movements. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 14%, indicating the rate at which UVE is growing has slowed down

Simply Wall St -

What Kind Of Shareholder Appears On The Universal Insurance Holdings, Inc.'s (NYSE:UVE) Shareholder Register?

Every investor in Universal Insurance Holdings, Inc. … With a market capitalization of US$1.4b, Universal Insurance Holdings is a decent size, so it is probably on the radar of institutional investors. … Check out our latest analysis for Universal Insurance Holdings

Simply Wall St -

Does Universal Insurance Holdings, Inc. (NYSE:UVE) Have A High Beta?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Do You Know What Universal Insurance Holdings, Inc.'s (NYSE:UVE) P/E Ratio Means?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Universal Insurance Holdings has a price to earnings ratio of 8.13, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Is Universal Insurance Holdings, Inc. (NYSE:UVE) A Smart Choice For Dividend Investors?

Historically, Universal Insurance Holdings, Inc. … Let's take a look at Universal Insurance Holdings in more detail. … Check out our latest analysis for Universal Insurance Holdings?

Simply Wall St -

UVE Company Info

Description

Universal Insurance Holdings, Inc., together with its subsidiaries, operates as an integrated insurance holding company in the United States. The company develops, markets, and underwrites insurance products for personal residential homeowner’s insurance. It also provides personal residential insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire, and commercial residential multi-peril; and allied lines, coverage for other structures, and personal property, as well as liability and personal articles coverages. In addition, the company offers policy and claims administration, and reinsurance intermediary services, as well as operates Universal Direct, a direct-to-consumer online platform, which enables homeowners to directly purchase, pay for, and bind homeowners’ policies. It provides its products through a network of independent agents. The company was formerly known as Universal Heights, Inc. and changed its name to Universal Insurance Holdings, Inc. in January 2001. Universal Insurance Holdings, Inc. was founded in 1990 and is headquartered in Fort Lauderdale, Florida.

Details
Name: Universal Insurance Holdings, Inc.
UVE
Exchange: NYSE
Founded: 1990
$986,077,811
34,647,850
Website: http://www.universalinsuranceholdings.com
Address: Universal Insurance Holdings, Inc.
1110 West Commercial Boulevard,
Suite 100,
Fort Lauderdale,
Florida, 33309,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE UVE Common Stock New York Stock Exchange US USD 16. Dec 1992
DB 5UI Common Stock Deutsche Boerse AG DE EUR 16. Dec 1992
Number of employees
Current staff
Staff numbers
734
Universal Insurance Holdings employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 03:45
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/04/25
Last earnings filing: 2019/04/26
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.