Piper Sandler Sticks to Their Buy Rating for 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 $24.77.

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According to TipRanks, Newsome is a 5-star analyst with an average return of 12.7% and a 70.27% success rate. Newsome covers the Financial sector, focusing on stocks such as Arthur J Gallagher & Co, Aon, and Selective Insurance Group.

In addition to Piper Sandler, Universal Insurance Holdings also received a Buy from TR | OpenAI – 4o’s Wesley Roofguard in a report issued on July 11. However, on July 18, TR | OpenAI – 4o downgraded Universal Insurance Holdings (NYSE: UVE) to a Hold.

The company has a one-year high of $28.49 and a one-year low of $16.50. Currently, Universal Insurance Holdings has an average volume of 273K.

Based on the recent corporate insider activity of 48 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 50,000.00 shares for a total of $1,334,500.00.