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Universal Insurance Holdings, Inc. (UVE)

NYSE - NYSE Delayed Price. Currency in USD
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14.72-0.49 (-3.22%)
At close: 4:00PM EST
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  • T
    Thomas
    Any thoughts on the recent upticks in price? Insider buying? Possible dividend increase?
    Bullish
  • g
    guppy
    -0.10

    After booking capital gains, adding more reserves to prior years due to last minute claims, 19% growth in premiums

    What an ugly weather year this has been and still is.
  • g
    guppy
    New stock repurchase plan, if only management was smart enough to repurchase shares en masse when they are actually priced below tangible book value.

    How much of what was repurchased under Sean's direction is now underwater ?
  • g
    guppy
    Springer and Donaghy bought 10,000 shares each. Nothing reported for Downs.
  • g
    guppy
    I wonder what percentage of the "companion claims" will be paid.

    Today is a disaster and the market is down hard too.
  • g
    guppy
    Zeta is incredible still strengthening over cooler water and wind shear.

    That is 2020 - a year of pain in from Covid to Hurricanes to Lockdown Induced Unemployment to you name it.
  • E
    Eric
    Lousy results. Glad I got out of UVE in the beginning of the year. Are any of UVE's competitors making money, or are they all in the same boat with lousy underwriting and combined ratios >100%?
  • B
    Bruce
    Dividend?
  • g
    guppy
    When shares are under book value is when the company should be buying hand over fist not above. Just who calls the shots on repurchases.
  • B
    Bimal
    are they going to declare their 3rd qtr earnings ever
    or we should forget that

    where is the management

    Hey hello
  • D
    Donald
    I had been in the process of bailing out of UVE. But with an average cost of $4. Just sealed the deal with this earning report. I'm out.
  • J
    JPB
    2020 EPS guidance was 2.80 to 3.10 without any extra-ordinary events. If you subtract the 44M after-tax loss you are left with about 1.30 to 1.60 EPS in 2020. The current stock price is about right. 2021 will be no better. Weather events will only worsen due to climate change. There is no future here. I will hold until I get to my buying price which may be very long.
    Bearish
  • g
    guppy
    27% discount to book.
  • A
    Arpan
    where are the buybacks?
  • L
    LittleHead
    The Board should put UVE in play and hopefully Warren Buffet will buy them to complement GEICO.
    Progressive Auto Insurance bought Florida-based, ASI Insurance two (2) years ago to market a "bundled insurance product" and it is working....

    You need auto and homeowners to win in the market.
  • g
    guppy
    The typical 180K share grind today, shorts at work ? HFTs doing their thing ? Algos and bots ?
  • g
    guppy
    They expect retention of $15 + $43 pretax or $44 after tax

    so 44/31.9 - 0.52 expecteed earnings = 76c per share loss

    https://finance.yahoo.com/news/universal-insurance-holdings-announces-third-201500321.html
    Universal Insurance Holdings Announces Third Quarter-to-Date Estimated Catastrophe Losses
    Universal Insurance Holdings Announces Third Quarter-to-Date Estimated Catastrophe Losses
    finance.yahoo.com
  • g
    guppy
    Looks as though Lake Charles is going to be hit again.

    If the unrepaired homes from Laura are further damaged by Delta does that additional damage get tacked onto the costs from Laura ?

    What a disaster of a year 2020 is in so many ways.
  • A
    Amazonia
    TD Ameritrade won’t allow me to add shares of UVE online, I have to use their broker. Anyone else having this issue?
  • g
    guppy
    $43M retention on Florida and $15M elsewhere, i guess its leaked they will be claiming these numbers, storms have been bad this year, shorts and market insiders seem to know everything before we do.