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Universal Insurance Holdings Inc. Message Board

  • dalton880 dalton880 Sep 11, 2013 10:13 AM Flag

    UVE posted $.44 for the June qtr, and

    will likely keep showing those kinds of numbers going forward. The Sept qtr is usually weaker, but most likely because the reinsurance cost changes for the next year come in June, and any increases are reflected in the Sept qtr. This year reinsurance costs decreased(I believe) for UVE for the 2013-2014 period, and therefore the Sept qtr IMO will be similiar, or even better than the June qtr. Why better ? Because the fully diluted share count will be 600K less, plus more of the 14% premium increase that started in Feb will hit revenues for the Sept qtr. They did have one $1.4M addition in the June qtr that will likely not repeat, but that's only $.02 after tax, and should be easily overcome by the additional premiums alone.
    Overall I believe UVE will post another blockbuster qtr for Q3, and my target at present is $10-$11 for the stock.

25.67+1.14(+4.65%)Mar 30 4:02 PMEDT