Universal Insurance Holdings, Inc. (UVE)
Universal Insurance Holdings, Inc. operates in the Insurance - Property & Casualty industry of the Financial Services sector, headquartered in Fort Lauderdale, FL, US. The stock last traded at $42.52, down 0.91% on the session, giving a market capitalisation of $1.18B. On trailing twelve-month figures it carries a trailing P/E of 5.38, a net margin of 13.5%. Its beta of 0.73 implies it has historically moved less than the broad market.
Universal Insurance Holdings, Inc., together with its subsidiaries, operates as an integrated insurance holding company in the United States. The company offers insurance products for personal residential insurance, such as homeowners, renters and tenants, condo unit owners, and dwelling and fire; and 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; evaluates insurance risk and exposures on an individual and portfolio basis and assists the insurance entities with pricing risks; places and manages its reinsurance programs; and operates its digital insurance agency, Clovered.com. It offers its products through its independent agency network, direct-to-consumer online distribution, and digital insurance agency platform. 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.
Universal Insurance Holdings, Inc. is most often compared with the following Financial Services names: