UVE

Universal Insurance HoldingsNYSE:UVE Stock Report

Market Cap

US$406.2m

7D

-3.4%

1Y

-20.8%

Updated

19 Sep, 2021

Data

Company Financials +
UVE fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance4/6
Financial Health5/6
Dividends4/6

UVE Overview

Universal Insurance Holdings, Inc., together with its subsidiaries, operates as an integrated insurance holding company in the United States.

Universal Insurance Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Universal Insurance Holdings
Historical stock prices
Current Share PriceUS$12.99
52 Week HighUS$10.84
52 Week LowUS$16.57
Beta1.05
1 Month Change-7.28%
3 Month Change-4.97%
1 Year Change-20.84%
3 Year Change-72.77%
5 Year Change-48.10%
Change since IPO-31.63%

Recent News & Updates

Jul 23
Universal Insurance Holdings (NYSE:UVE) Is Due To Pay A Dividend Of US$0.16

Universal Insurance Holdings (NYSE:UVE) Is Due To Pay A Dividend Of US$0.16

The board of Universal Insurance Holdings, Inc. ( NYSE:UVE ) has announced that it will pay a dividend of US$0.16 per...

Shareholder Returns

UVEUS InsuranceUS Market
7D-3.4%-0.7%-0.6%
1Y-20.8%35.9%33.8%

Return vs Industry: UVE underperformed the US Insurance industry which returned 35.9% over the past year.

Return vs Market: UVE underperformed the US Market which returned 33.8% over the past year.

Price Volatility

Is UVE's price volatile compared to industry and market?
UVE volatility
UVE Beta1.05
Industry Beta0.97
Market Beta1

Stable Share Price: UVE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: UVE's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1990909Steve Donaghyhttps://www.universalinsuranceholdings.com

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 insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire; allied lines, coverage for other structures, and personal property; and commercial residential multi-peril, as well as liability and personal articles coverages. The company also advises on actuarial issues, oversees distribution, administers claims payments, performs policy administration and underwriting, and assists with reinsurance negotiations; places and manages reinsurance programs for the insurance entities; and operates Clovered, in which consumers receive side-by-side quotes from multiple carriers across multiple states, as well as educational materials about homeowners insurance policies.

Universal Insurance Holdings Fundamentals Summary

How do Universal Insurance Holdings's earnings and revenue compare to its market cap?
UVE fundamental statistics
Market CapUS$406.19m
Earnings (TTM)US$27.50m
Revenue (TTM)US$1.13b

14.8x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
UVE income statement (TTM)
RevenueUS$1.13b
Cost of RevenueUS$783.60m
Gross ProfitUS$343.13m
ExpensesUS$315.63m
EarningsUS$27.50m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.88
Gross Margin30.45%
Net Profit Margin2.44%
Debt/Equity Ratio1.6%

How did UVE perform over the long term?

See historical performance and comparison

Dividends

5.9%

Current Dividend Yield

73%

Payout Ratio

Valuation

Is Universal Insurance Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: UVE ($12.99) is trading below our estimate of fair value ($28.25)

Significantly Below Fair Value: UVE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: UVE is poor value based on its PE Ratio (14.8x) compared to the US Insurance industry average (9.5x).

PE vs Market: UVE is good value based on its PE Ratio (14.8x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: UVE is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: UVE is good value based on its PB Ratio (0.8x) compared to the US Insurance industry average (1.1x).


Future Growth

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

45.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UVE's forecast earnings growth (45.4% per year) is above the savings rate (2%).

Earnings vs Market: UVE's earnings (45.4% per year) are forecast to grow faster than the US market (14.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: UVE's revenue (7.8% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: UVE's revenue (7.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if UVE's Return on Equity is forecast to be high in 3 years time


Past Performance

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

-27.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UVE has high quality earnings.

Growing Profit Margin: UVE's current net profit margins (2.4%) are higher than last year (0.9%).


Past Earnings Growth Analysis

Earnings Trend: UVE's earnings have declined by 27.9% per year over the past 5 years.

Accelerating Growth: UVE's earnings growth over the past year (205.1%) exceeds its 5-year average (-27.9% per year).

Earnings vs Industry: UVE earnings growth over the past year (205.1%) exceeded the Insurance industry 76%.


Return on Equity

High ROE: UVE's Return on Equity (5.7%) is considered low.


Financial Health

How is Universal Insurance Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: UVE's short term assets ($1.1B) do not cover its short term liabilities ($1.7B).

Long Term Liabilities: UVE's short term assets ($1.1B) exceed its long term liabilities ($159.1M).


Debt to Equity History and Analysis

Debt Level: UVE's debt to equity ratio (1.6%) is considered satisfactory.

Reducing Debt: UVE's debt to equity ratio has reduced from 4.6% to 1.6% over the past 5 years.

Debt Coverage: UVE's debt is well covered by operating cash flow (1238.5%).

Interest Coverage: UVE's interest payments on its debt are well covered by EBIT (392.4x coverage).


Balance Sheet


Dividend

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

5.93%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: UVE's dividend (5.93%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: UVE's dividend (5.93%) is in the top 25% of dividend payers in the US market (3.6%)


Stability and Growth of Payments

Stable Dividend: UVE's dividend payments have been volatile in the past 10 years.

Growing Dividend: UVE's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (72.9%), UVE's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average management tenure


CEO

Steve Donaghy (56 yo)

2.17yrs

Tenure

US$3,322,914

Compensation

Mr. Stephen Joseph Donaghy, also known as Steve, has been Chief Executive Officer of Universal Insurance Holdings, Inc. since July 15, 2019 and is its Director since February 26, 2020. Mr. Donaghy was Chie...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD3.32M) is above average for companies of similar size in the US market ($USD1.68M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: UVE's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: UVE's board of directors are considered experienced (7.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Universal Insurance Holdings, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Universal Insurance Holdings, Inc.
  • Ticker: UVE
  • Exchange: NYSE
  • Founded: 1990
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: US$406.185m
  • Shares outstanding: 31.27m
  • Website: https://www.universalinsuranceholdings.com

Number of Employees


Location

  • Universal Insurance Holdings, Inc.
  • 1110 West Commercial Boulevard
  • Suite 100
  • Fort Lauderdale
  • Florida
  • 33309
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/19 22:12
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.