Universal Insurance Holdings Inc. UVE provides various property and casualty insurance products. The company underwrites homeowners’ insurance products and offers reinsurance intermediary brokerage services.
This Zacks Rank #1 stock has plunged nearly 39% in the past week. However, it must be noticed that the company has surpassed earnings estimates in each of the trailing four quarters and has an average positive surprise of 22.70%. Universal Insurance is also expected to deliver year-over-year growth of 37.5% compared with an industry average of 3.5%.