Why Universal Insurance Holdings (UVE) Stock Is Tanking Today

NEW YORK (TheStreet) -- Universal Insurance Holdings (UVE) stock is tanking Friday after the company posted first-quarter earnings below analysts' estimates. 

By late afternoon, shares had tumbled 16.3% to $12.67. 

Over the three months to March, the insurer earned 38 cents a share, 13 cents lower than analysts surveyed by Thomson Reuters forecast. 

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

----------------------

Separately, TheStreet Ratings team rates UNIVERSAL INSURANCE HLDGS as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate UNIVERSAL INSURANCE HLDGS (UVE) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you liked this article you might like

Hurricane Irma Could Total $40 Billion in Insurance Claims: Why That's Good News