Piper Sandler Reaffirms Their Buy Rating on Universal Insurance Holdings (UVE)
Piper Sandler analyst Paul Newsome maintained a Buy rating on Universal Insurance Holdings today and set a price target of $29.00. The company’s shares closed yesterday at $28.63.
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Newsome covers the Financial sector, focusing on stocks such as Old Republic International, Hartford Financial, and Selective Insurance Group. According to TipRanks, Newsome has an average return of 11.5% and a 66.46% success rate on recommended stocks.
Currently, the analyst consensus on Universal Insurance Holdings is a Moderate Buy with an average price target of $29.00, implying a 1.29% upside from current levels. In a report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $32.00 price target.
Based on Universal Insurance Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $400.14 million and a net profit of $35.09 million. In comparison, last year the company earned a revenue of $380.21 million and had a net profit of $35.42 million
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UVE in relation to earlier this year. Last month, Sean Downes, the EC of UVE sold 20,000.00 shares for a total of $506,800.00.
