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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/27/2023 | $11.00 → $19.00 | Neutral → Overweight | Piper Sandler |
Successfully secured a combined UPCIC and APPCIC catastrophe reinsurance program with no material changes to historical reinsurance partners or terms and conditions. Added $352 million of multi-year coverage, extending through the 2027-2028 treaty period, most of which sits below the FHCF attachment point. The largest private reinsurance participants all maintain a rating from AM Best of ‘A' or higher (Nephila Capital/Markel, RenaissanceRe, Munich Re, Chubb Tempest Re, Ariel Re, Everest Re and Lloyd's of London syndicates). Universal Insurance Holdings, Inc. (NYSE:UVE) ("Universal" or the "Company") today announced the completion by Universal Property & Casualty Insurance Company
KBRA assigns a BBB issuer rating to Universal Insurance Holdings, Inc. (NYSE:UVE) and a BBB preliminary long-term credit rating (LTCR) to UVE's proposed $100 million fixed-rate senior unsecured notes (Notes) due 2031. The Outlook for both ratings is Stable. UVE intends to use the net proceeds from the proposed offering to refinance its existing $100 million 5.625% senior unsecured notes due November 30, 2026, thereby extending UVE's debt maturity profile to 2031, as well as for general corporate purposes. The Notes are expected to be senior unsecured obligations of UVE and to rank equally with the company's current and future senior unsecured indebtedness, while remaining structurally sub
Diluted GAAP earnings per common share (EPS) of $1.88; diluted adjusted* EPS of $2.00 Annualized return on average common equity ("ROCE") of 38.2%, annualized adjusted* ROCE of 38.5% Direct premiums written of $506.5 million, up 8.5% from the prior year quarter Book value per share of $20.95, up 39.9% year-over-year; adjusted book value per share of $22.19, up 32.2% year-over-year Universal Insurance Holdings (NYSE:UVE) ("Universal" or the "Company") reported first quarter 2026 results. "We had a fantastic start to the year, with a 38.2% annualized return on common equity," said Stephen J. Donaghy, Chief Executive Officer. "Our top-line results were strong, with growth across
8-K - UNIVERSAL INSURANCE HOLDINGS, INC. (0000891166) (Filer)
10-Q - UNIVERSAL INSURANCE HOLDINGS, INC. (0000891166) (Filer)
DEFA14A - UNIVERSAL INSURANCE HOLDINGS, INC. (0000891166) (Filer)
Piper Sandler upgraded Universal Insurance from Neutral to Overweight and set a new price target of $19.00 from $11.00 previously
4 - UNIVERSAL INSURANCE HOLDINGS, INC. (0000891166) (Issuer)
4 - UNIVERSAL INSURANCE HOLDINGS, INC. (0000891166) (Issuer)
4 - UNIVERSAL INSURANCE HOLDINGS, INC. (0000891166) (Issuer)
KBRA assigns a BBB issuer rating to Universal Insurance Holdings, Inc. (NYSE:UVE) and a BBB preliminary long-term credit rating (LTCR) to UVE's proposed $100 million fixed-rate senior unsecured notes (Notes) due 2031. The Outlook for both ratings is Stable. UVE intends to use the net proceeds from the proposed offering to refinance its existing $100 million 5.625% senior unsecured notes due November 30, 2026, thereby extending UVE's debt maturity profile to 2031, as well as for general corporate purposes. The Notes are expected to be senior unsecured obligations of UVE and to rank equally with the company's current and future senior unsecured indebtedness, while remaining structurally sub
Diluted GAAP earnings per common share (EPS) of $1.88; diluted adjusted* EPS of $2.00 Annualized return on average common equity ("ROCE") of 38.2%, annualized adjusted* ROCE of 38.5% Direct premiums written of $506.5 million, up 8.5% from the prior year quarter Book value per share of $20.95, up 39.9% year-over-year; adjusted book value per share of $22.19, up 32.2% year-over-year Universal Insurance Holdings (NYSE:UVE) ("Universal" or the "Company") reported first quarter 2026 results. "We had a fantastic start to the year, with a 38.2% annualized return on common equity," said Stephen J. Donaghy, Chief Executive Officer. "Our top-line results were strong, with growth across
Universal Insurance Holdings, Inc. (NYSE:UVE) ("Universal" or the "Company") announced today that its Board of Directors has declared a quarterly cash dividend of 16 cents per share of common stock, payable May 15, 2026 to shareholders of record as of the close of business on May 8, 2026. Universal will issue a press release reporting its first quarter 2026 results after the market closes on Thursday, April 23, 2026. The company will host a conference call on Friday, April 24, 2026, at 10:00 a.m. ET to discuss financial results. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at universalinsuranceholdings.com/investors or by regis
SC 13G - UNIVERSAL INSURANCE HOLDINGS, INC. (0000891166) (Subject)
SC 13G/A - UNIVERSAL INSURANCE HOLDINGS, INC. (0000891166) (Subject)
SC 13G - UNIVERSAL INSURANCE HOLDINGS, INC. (0000891166) (Subject)
Universal Insurance Holdings, Inc. (NYSE:UVE) ("Universal" or the "Company"), announced today that William Degnan has been appointed Chief Claims Officer. Mr. Degnan was previously Executive Vice President, Claims of Alder Adjusting Corporation, Universal's wholly owned claims adjusting subsidiary. Mr. Degnan will continue to lead enterprise-wide claims processing and adjusting, overseeing over 300 professionals and multiple third-party relationships. "William has been instrumental to our claims department, helping to develop a first class organization that allows us to better serve our policyholders," said Steve Donaghy, Chief Executive Officer. "William has spearheaded multiple initiati
Universal Insurance Holdings, Inc. (NYSE:UVE) ("Universal" or the "Company"), announced today that Elizabeth Hansen has been appointed Chief Actuary. Ms. Hansen was previously Senior Vice President of Blue Atlantic Reinsurance Corporation, a wholly owned subsidiary of Universal. In her new role, Ms. Hansen will oversee pricing, reserving and co-lead risk monitoring enterprise-wide. "Elizabeth is a highly tenured actuarial and risk management professional with significant expertise in our business," said Steve Donaghy, Chief Executive Officer. "Under her leadership, I'm confident that our actuarial function will thrive and make our overall organization stronger." Ms. Hansen is a Fellow of
Arash Soleimani appointed to Chief Strategy Officer Rob Luther promoted to Chief Investment Officer Gary Ropiecki promoted to Principal Accounting Officer Universal Insurance Holdings (NYSE:UVE) ("Universal" or the "Company") announced today the appointment of Arash Soleimani as Chief Strategy Officer and promoted Rob Luther and Gary Ropiecki to Chief Investment Officer and Principal Accounting Officer, respectively. Mr. Soleimani will oversee the strategy and investor relations functions, while Mr. Luther will oversee the $1B+ investment portfolio and support M&A activities, and Mr. Ropiecki will oversee Universal's enterprise-wide accounting and reporting functions. "I'm very plea