Universal Insurance Holdings Inc (NYSE:UVE) Declares $0.14 Quarterly Dividend

Universal Insurance Holdings Inc (NYSE:UVE) declared a quarterly dividend on Friday, September 1st, Wall Street Journal reports. Investors of record on Tuesday, September 12th will be paid a dividend of 0.14 per share by the insurance provider on Tuesday, October 24th. This represents a $0.56 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Monday, September 11th.

Universal Insurance Holdings has increased its dividend payment by an average of 20.5% annually over the last three years and has raised its dividend annually for the last 3 consecutive years.

Universal Insurance Holdings (NYSE:UVE) opened at 21.25 on Friday. Universal Insurance Holdings has a 12 month low of $15.08 and a 12 month high of $29.20. The company has a market cap of $740.48 million, a P/E ratio of 7.52 and a beta of 1.84. The company’s 50-day moving average is $22.12 and its 200-day moving average is $24.00.

In other Universal Insurance Holdings news, CFO Frank Wilcox acquired 2,000 shares of the company’s stock in a transaction on Friday, September 8th. The stock was acquired at an average cost of $17.69 per share, with a total value of $35,380.00. Following the purchase, the chief financial officer now directly owns 96,024 shares of the company’s stock, valued at approximately $1,698,664.56. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 10.50% of the company’s stock.

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A number of analysts have recently issued reports on UVE shares. ValuEngine cut shares of Universal Insurance Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 18th. BidaskClub cut shares of Universal Insurance Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $29.00 price objective on shares of Universal Insurance Holdings in a research note on Friday, August 18th.

Universal Insurance Holdings Company Profile

Universal Insurance Holdings, Inc (UVE) is a private personal residential homeowners insurance company in Florida. The Company performs substantially all aspects of insurance underwriting, policy issuance, general administration, and claims processing and settlement internally. The Company’s subsidiaries include Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC).

Dividend History for Universal Insurance Holdings (NYSE:UVE)

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