New Lifetime High Today: Universal Insurance Holdings (UVE) - TheStreet

Trade-Ideas LLC identified

Universal Insurance Holdings

(

UVE

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Universal Insurance Holdings as such a stock due to the following factors:

  • UVE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $21.3 million.
  • UVE has traded 42,296 shares today.
  • UVE is trading at a new lifetime high.

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More details on UVE:

Universal Insurance Holdings, Inc., through its subsidiaries, provides various property and casualty insurance products. The company primarily underwrites homeowners' insurance products; and offers reinsurance intermediary brokerage services. The stock currently has a dividend yield of 1.4%. UVE has a PE ratio of 14. Currently there are no analysts that rate Universal Insurance Holdings a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Universal Insurance Holdings has been 512,800 shares per day over the past 30 days. Universal has a market cap of $1.2 billion and is part of the financial sector and insurance industry. The stock has a beta of 2.18 and a short float of 9.9% with 5.67 days to cover. Shares are up 75.3% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Universal Insurance Holdings as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 13.3%. Since the same quarter one year prior, revenues rose by 42.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • UVE's debt-to-equity ratio is very low at 0.10 and is currently below that of the industry average, implying that there has been very successful management of debt levels.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Insurance industry and the overall market, UNIVERSAL INSURANCE HLDGS's return on equity significantly exceeds that of both the industry average and the S&P 500.
  • Powered by its strong earnings growth of 40.81% and other important driving factors, this stock has surged by 148.57% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, UVE should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • UNIVERSAL INSURANCE HLDGS has improved earnings per share by 40.8% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, UNIVERSAL INSURANCE HLDGS increased its bottom line by earning $2.07 versus $1.57 in the prior year. This year, the market expects an improvement in earnings ($2.66 versus $2.07).

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