Market Summary
USD18.70+0.45
Delayed2.47%
UVE Alerts
UVE Stock Price
UVE RSI Chart
UVE Valuation
UVE Price/Sales (Trailing)
UVE Profitability
UVE Fundamentals
UVE Revenue
UVE Earnings
Price Action
52 Week Range
8.3919.71
(Low)(High)
Last 7 days
0.3%
Last 30 days
25.4%
Last 90 days
74.3%
Trailing 12 Months
46.6%
UVE Financial Health
UVE Investor Care
Peers (Alternatives to Universal Insurance Holdings)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PGR | 82.5B | 49.6B | -0.49% | 20.96% | 114.32 | 1.66 | 4.00% | -78.47% |
TRV | 38.6B | 36.9B | -9.77% | -9.50% | 13.59 | 1.05 | 5.94% | -22.39% |
AIG | 36.2B | 56.4B | -20.59% | -24.62% | 3.52 | 0.64 | 8.41% | 9.46% |
ALL | 28.1B | 51.4B | -18.14% | -22.53% | -19.87 | 0.55 | 1.63% | -195.35% |
RE | 24.4B | 12.1B | -9.44% | 18.99% | 40.95 | 2.03 | 1.63% | -56.71% |
HIG | 23.3B | 22.4B | -14.35% | -7.67% | 11.93 | 1.05 | -0.13% | -23.26% |
Y | 11.4B | 6.8B | 0.57% | 29.95% | 32.11 | 0.97 | -36.57% | -61.35% |
AFG | 10.1B | 7.0B | -10.64% | -10.45% | 11.27 | 1.44 | 7.45% | -54.99% |
| MID-CAP | ||||||||
RNR | 8.4B | 6.3B | -7.39% | 27.69% | -7.93 | 1.33 | 21.94% | -2542.77% |
ESGR | 3.8B | - | -7.43% | -12.82% | -4.02 | 4.2 | -80.45% | -283.49% |
| SMALL-CAP | ||||||||
HMN | 1.4B | 1.4B | -10.53% | -19.76% | -527.37 | 0.99 | 3.97% | -101.82% |
PLMR | 1.4B | 327.1M | -11.65% | -15.89% | 26.15 | 4.17 | 39.88% | 13.79% |
PRA | 977.2M | 1.1B | -6.74% | -33.86% | -2.4K | 0.88 | -1.58% | -100.28% |
JRVR | 773.4M | 813.7M | -6.63% | -5.26% | 24.97 | 0.95 | 5.28% | 117.92% |
Financials for Universal Insurance Holdings
| Income Statement (Last 12 Months) | ||||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 2.7% | 1,759,701,000 | 1,713,675,000 | 1,671,846,000 | 1,635,615,000 | 1,596,618,000 |
| S&GA Expenses | -0.9% | 304,897,000 | 307,687,000 | 306,894,000 | 309,469,000 | 313,595,000 |
| EBITDA | -829.8% | -13,342,000 | -1,435,000 | 24,419,000 | 35,651,000 | - |
| EBITDA Margin | -783.7% | -0.01 | 0.00 | 0.01 | 0.02 | - |
| Earnings Before Taxes | 78.1% | -27,247,000 | -124,547,000 | -4,846,000 | 14,533,000 | 28,413,000 |
| EBT Margin | 78.7% | -0.02 | -0.07 | 0.00 | 0.01 | - |
| Interest Expenses | 19.7% | 6,609,000 | 5,523,000 | 3,922,000 | 2,226,000 | 638,000 |
| Net Income | 76.7% | -22,257,000 | -95,493,000 | -3,035,000 | 11,536,000 | 20,407,000 |
| Net Income Margin | 77.3% | -0.01 | -0.06 | 0.00 | 0.01 | - |
| Free Cahsflow | 80.8% | 319,616,000 | 176,821,000 | 194,687,000 | 137,832,000 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | -7.6% | 2,890 | 3,127 | 2,383 | 1,749 | 2,056 |
| Cash Equivalents | 26.4% | 389 | 307 | 317 | 165 | 251 |
| Net PPE | -2.6% | 51.00 | 53.00 | 54.00 | 54.00 | 54.00 |
| Liabilities | -9.2% | 2,602 | 2,866 | 2,016 | 1,353 | 1,626 |
| Long Term Debt | -0.2% | 103 | 103 | 103 | 103 | 104 |
| Shareholder's Equity | 10.5% | 288 | 261 | 367 | 396 | 430 |
| Retained Earnings | 3.2% | 517 | 501 | 579 | 576 | 564 |
| Additional Paid-In Capital | 1.0% | 113 | 111 | 110 | 109 | 108 |
| Accumulated Depreciation | - | 23.00 | - | - | - | - |
| Shares Outstanding | -0.4% | 30.00 | 31.00 | 31.00 | 31.00 | 31.00 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 76.8% | 325 | 184 | 203 | 146 | 234 |
| Share Based Compensation | -18.7% | 5.00 | 6.00 | - | - | - |
| Cashflow From Investing | 14.9% | -148 | -174 | -219 | -146 | -229 |
| Cashflow From Financing | -161.6% | -37.46 | 61.00 | 62.00 | 65.00 | 68.00 |
| Dividend Payments | -0.8% | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 |
| Buy Backs | 18.8% | 12.00 | 10.00 | 9.00 | 5.00 | 2.00 |
Risks for UVE
What is the probability of a big loss on UVE?
85.4%
Probability that Universal Insurance Holdings stock will be more than 20% underwater in next one year
75.4%
Probability that Universal Insurance Holdings stock will be more than 30% underwater in next one year.
36.9%
Probability that Universal Insurance Holdings stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does UVE drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Universal Insurance Holdings was unfortunately bought at previous high price.
Drawdowns
Returns for UVE
Cumulative Returns on UVE
18.9%
10-Year Cumulative Returns
4.8%
7-Year Cumulative Returns
-6.1%
5-Year Cumulative Returns
8.8%
3-Year Cumulative Returns
What are the long-term rolling returns for UVE?
FIve years rolling returns for Universal Insurance Holdings.
Annualized Returns
Which funds bought or sold UVE recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-23 | MetLife Investment Management, LLC | reduced | -27.3 | -31,658 | 113,324 | -% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | sold off | -100 | -363,000 | - | -% |
2023-03-06 | Rockefeller Capital Management L.P. | unchanged | - | - | - | -% |
2023-02-28 | Voya Investment Management LLC | added | 25.69 | 189,327 | 728,327 | -% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | unchanged | - | 8,000 | 118,000 | -% |
2023-02-21 | MACQUARIE GROUP LTD | unchanged | - | 18,000 | 437,000 | -% |
2023-02-16 | HARBOUR INVESTMENTS, INC. | new | - | 1,430 | 1,430 | -% |
2023-02-15 | rhino investment partners, Inc | new | - | 4,929,000 | 4,929,000 | 2.12% |
2023-02-15 | JANE STREET GROUP, LLC | added | 257 | 614,807 | 830,807 | -% |
2023-02-15 | Metropolitan Life Insurance Co/NY | unchanged | - | 593 | 14,593 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
UVE Alerts
Universal Insurance Holdings News
Schedule 13G FIlings of Universal Insurance Holdings
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 6.19% | 1,889,704 | SC 13G/A | |
| Jan 24, 2023 | blackrock inc. | 14.7% | 4,478,524 | SC 13G | |
| Feb 10, 2022 | vanguard group inc | 9.57% | 2,984,037 | SC 13G/A | |
| Feb 08, 2022 | dimensional fund advisors lp | 5.1% | 1,584,655 | SC 13G/A | |
| Jan 27, 2022 | blackrock inc. | 14.5% | 4,510,672 | SC 13G/A | |
| Jan 25, 2022 | blackrock inc. | 14.5% | 4,510,672 | SC 13G/A | |
| Feb 12, 2021 | dimensional fund advisors lp | 5.2% | 1,630,197 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 9.83% | 3,078,735 | SC 13G/A | |
| Jan 26, 2021 | blackrock inc. | 13.8% | 4,322,018 | SC 13G/A | |
| May 08, 2020 | vanguard group inc | 10.00% | 3,239,433 | SC 13G/A |
UVE Fair Value
Universal Insurance Holdings fair value in different scenarios
The table shows the Fair Value estimates for Universal Insurance Holdings for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 72.68 288.66% | 91.61 389.89% | 121.91 551.93% | 156.43 736.52% | 183.20 879.68% |
| Current Inflation | 66.64 256.36% | 82.88 343.21% | 108.38 479.57% | 137.44 634.97% | 159.91 755.13% |
| Very High Inflation | 59.15 216.31% | 72.25 286.36% | 92.27 393.42% | 115.17 515.88% | 132.83 610.32% |
Historical Universal Insurance Holdings Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Universal Insurance Holdings
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 21, 2023 | 3 | Insider Trading | |
| Mar 21, 2023 | 4 | Insider Trading | |
| Mar 14, 2023 | 4 | Insider Trading | |
| Mar 14, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 10-K | Annual Report | |
| Feb 23, 2023 | 8-K | Current Report | |
| Feb 17, 2023 | 10-Q/A | Quarterly Report | |
| Feb 17, 2023 | 10-Q/A | Quarterly Report | |
| Feb 17, 2023 | 10-Q/A | Quarterly Report | |
| Feb 10, 2023 | SC 13G/A | Major Ownership Report |
Latest Insider Trading transactions for UVE
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-02-27 | Ropiecki Gary Lloyd | sold | -20,769 | 18.045 | -1,151 | principal accounting officer |
2023-01-12 | Donaghy Stephen | gifted | - | - | -8,000 | ceo |
2023-01-03 | Donaghy Stephen | acquired | - | - | 16,000 | ceo |
2023-01-03 | Donaghy Stephen | sold (taxes) | -161,174 | 10.23 | -15,755 | ceo |
2022-12-20 | Ropiecki Gary Lloyd | sold (taxes) | -5,160 | 10.00 | -516 | principal accounting officer |
2022-12-20 | Wilcox Frank | sold (taxes) | -12,670 | 10.00 | -1,267 | cfo, principal acct. officer |
2022-12-20 | Campos Kimberly D | sold (taxes) | -3,800 | 10.00 | -380 | cio & cao |
2022-12-16 | Campos Kimberly D | acquired | - | - | 5,000 | cio & cao |
2022-12-16 | Wilcox Frank | acquired | - | - | 10,000 | cfo |
2022-12-16 | Ropiecki Gary Lloyd | acquired | - | - | 5,000 | principal accounting officer |
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; and offers allied lines, coverage for other structures, and personal property, liability, and personal articles coverages. It 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.com, an online platform in which consumers receive side-by-side quotes from various carriers across multiple states, as well as educational materials about homeowners' insurance policies. It offers its products through a network of independent agents, as well as Universal Direct, a direct-to-consumer online platform, which enables homeowners to directly purchase, pay for, and bind homeowners' policies. 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 incorporated in 1990 and is headquartered in Fort Lauderdale, Florida.
UVE Income Statement
2022-12-31CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| REVENUES | |||
| Direct premiums written | $ 1,845,786 | $ 1,671,252 | $ 1,517,479 |
| Change in unearned premium | (86,085) | (74,634) | (121,856) |
| Direct premium earned | 1,759,701 | 1,596,618 | 1,395,623 |
| Ceded premium earned | (631,075) | (561,155) | (472,060) |
| Premiums earned, net | 1,128,626 | 1,035,463 | 923,563 |
| Net investment income | 25,785 | 12,535 | 20,393 |
| Net realized gains (losses) on investments | 348 | 5,892 | 63,352 |
| Net change in unrealized gains (losses) of equity securities | (13,145) | (4,032) | 25 |
| Commission revenue | 53,168 | 41,649 | 33,163 |
| Policy fees | 20,182 | 22,713 | 23,773 |
| Other revenue | 7,694 | 7,631 | 8,501 |
| Total revenues | 1,222,658 | 1,121,851 | 1,072,770 |
| OPERATING COSTS AND EXPENSES | |||
| Losses and loss adjustment expenses | 938,399 | 779,205 | 758,810 |
| General and administrative expenses | 304,897 | 313,595 | 289,634 |
| Total operating costs and expenses | 1,243,296 | 1,092,800 | 1,048,444 |
| Interest and amortization of debt issuance costs | 6,609 | 638 | 95 |
| INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT) | (27,247) | 28,413 | 24,231 |
| Income tax expense (benefit) | (4,990) | 8,006 | 5,126 |
| NET INCOME (LOSS) | $ (22,257) | $ 20,407 | $ 19,105 |
| Basic earnings (loss) per common share (in USD per share) | $ (0.72) | $ 0.65 | $ 0.60 |
| Weighted average common shares outstanding - Basic (in shares) | 30,751 | 31,218 | 31,884 |
| Diluted earnings (loss) per common share (in USD per share) | $ (0.72) | $ 0.65 | $ 0.60 |
| Weighted average common shares outstanding - Diluted (in shares) | 30,751 | 31,307 | 31,972 |
| Cash dividend declared per common share (in USD per share) | $ 0.77 | $ 0.77 | $ 0.77 |
UVE Balance Sheet
2022-12-31CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | ||
|---|---|---|---|---|
| ASSETS | ||||
| Debt Securities, Available-for-Sale | $ 1,014,626 | $ 1,040,455 | ||
| Equity securities, at fair value (cost: $102,431 and $51,151) | 85,469 | 47,334 | ||
| Investment real estate, net | 5,711 | 5,891 | ||
| Total invested assets | 1,105,806 | 1,093,680 | ||
| Cash and cash equivalents | 388,706 | 250,508 | ||
| Restricted cash and cash equivalents | [1] | 2,635 | 2,635 | |
| Prepaid reinsurance premiums | 282,427 | 240,993 | ||
| Reinsurance recoverable | 808,850 | 185,589 | ||
| Premiums receivable, net | 69,574 | 64,923 | ||
| Property and equipment, net | 51,404 | 53,682 | ||
| Deferred policy acquisition costs | 103,654 | 108,822 | ||
| Income taxes recoverable | 1,528 | 16,947 | ||
| Deferred income tax asset, net | 57,258 | 16,331 | ||
| Other assets | 18,312 | 22,031 | ||
| Total assets | 2,890,154 | 2,056,141 | ||
| LIABILITIES: | ||||
| Unpaid losses and loss adjustment expenses | 1,038,790 | 346,216 | ||
| Unearned premiums | 943,854 | 857,769 | ||
| Advance premium | 54,964 | 53,694 | ||
| Book overdraft | 0 | 26,759 | ||
| Reinsurance payable, net | 384,504 | 188,662 | ||
| Commission payable | 18,541 | 22,315 | ||
| Other liabilities and accrued expenses | 58,836 | 27,348 | ||
| Long-term debt, net | 102,769 | 103,676 | ||
| Total liabilities | 2,602,258 | 1,626,439 | ||
| Commitments and Contingencies (Note 15) | ||||
| STOCKHOLDERS’ EQUITY: | ||||
| Cumulative convertible preferred stock | 0 | 0 | ||
| Common stock | 472 | 470 | ||
| Treasury shares, at cost - 16,790 and 15,797 | (238,758) | (227,115) | ||
| Additional paid-in capital | 112,509 | 108,202 | ||
| Accumulated other comprehensive income (loss), net of taxes | (103,782) | (15,568) | ||
| Retained earnings | 517,455 | 563,713 | ||
| Total stockholders’ equity | 287,896 | 429,702 | ||
| Total liabilities and stockholders’ equity | $ 2,890,154 | $ 2,056,141 | ||
| ||||