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UVE Universal Insurance

Universal Insurance Holdings (UVE) is a holding company offering property and casualty insurance and value-added insurance services. The company develops, markets, and writes insurance products for consumers predominantly in the personal residential homeowners lines of business and performs substantially all other insurance-related services for its primary insurance entities, including risk management, claims management and distribution. The company sells insurance products through both its appointed independent agents and through its direct online distribution channels in the United States across 19 states (primarily Florida).

Company profile

Ticker
UVE
Exchange
CEO
Stephen Donaghy
Employees
Incorporated
Location
Fiscal year end
Former names
UNIVERSAL HEIGHTS INC, UNIVERSAL INSURANCE HOLDINGS INC
SEC CIK
IRS number
650231984

UVE stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

30 Apr 21
24 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 103.54M 103.54M 103.54M 103.54M 103.54M 103.54M
Cash burn (monthly) 25.44M 6.66M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 70.86M 18.54M n/a n/a n/a n/a
Cash remaining 32.68M 85.01M n/a n/a n/a n/a
Runway (months of cash) 1.3 12.8 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
9 Jun 21 Downes Sean P Common Stock Sell Dispose S No Yes 14.0305 20,000 280.61K 1,498,631
1 Mar 21 Downes Sean P Common Stock Payment of exercise Dispose F No No 14.75 4,139 61.05K 1,518,631
1 Mar 21 Downes Sean P Common Stock Option exercise Aquire M No No 0 17,000 0 1,522,770
1 Mar 21 Downes Sean P Performance Share Units Common Stock Option exercise Dispose M No No 0 17,000 0 16,000
1 Mar 21 Donaghy Stephen Common Stock Payment of exercise Dispose F No No 14.75 4,139 61.05K 632,653
1 Mar 21 Donaghy Stephen Common Stock Option exercise Aquire M No No 0 17,000 0 636,792
1 Mar 21 Donaghy Stephen Performance Share Units Common Stock Option exercise Dispose M No No 0 17,000 0 33,000
1 Mar 21 Donaghy Stephen Performance Share Units Common Stock Grant Aquire A No No 0 50,000 0 50,000
1 Mar 21 Donaghy Stephen Stock Option Common Stock Grant Aquire A No No 14.75 375,294 5.54M 375,294
31 Jan 21 Springer Jon Common Stock Sale back to company Dispose D No No 0 15,000 0 535,196

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

65.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 129 133 -3.0%
Opened positions 15 20 -25.0%
Closed positions 19 23 -17.4%
Increased positions 38 36 +5.6%
Reduced positions 53 58 -8.6%
13F shares
Current Prev Q Change
Total value 370.11M 403.92M -8.4%
Total shares 20.5M 21.17M -3.1%
Total puts 51.9K 42.5K +22.1%
Total calls 41.4K 24.5K +69.0%
Total put/call ratio 1.3 1.7 -27.7%
Largest owners
Shares Value Change
BLK Blackrock 4.54M $65.11M +5.1%
Vanguard 3.04M $43.58M -1.3%
Dimensional Fund Advisors 1.53M $21.9M -6.3%
LSV Asset Management 1.38M $19.72M -6.5%
STT State Street 968.15K $13.88M +2.9%
Stadium Capital Management 625.07K $8.96M 0.0%
Geode Capital Management 458.82K $6.58M +8.8%
IVZ Invesco 452.24K $6.49M +53.9%
Arrowstreet Capital, Limited Partnership 394.32K $5.66M -12.4%
Nuveen Asset Management 372.5K $5.34M -3.5%
Largest transactions
Shares Bought/sold Change
Peregrine Capital Management 211.9K -273.67K -56.4%
BLK Blackrock 4.54M +218.51K +5.1%
TROW T. Rowe Price 0 -177.55K EXIT
Millennium Management 160.4K -163.73K -50.5%
IVZ Invesco 452.24K +158.4K +53.9%
Norges Bank 0 -149.8K EXIT
Two Sigma Investments 203.23K +105.98K +109.0%
Dimensional Fund Advisors 1.53M -103.16K -6.3%
LSV Asset Management 1.38M -96.25K -6.5%
Matarin Capital Management 0 -83.74K EXIT

Financial report summary

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Management Discussion
  • Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • Unless the context otherwise requires, all references to “we,” “us,” “our,” and “Company” refer to Universal Insurance Holdings, Inc. and its wholly-owned subsidiaries. You should read the following discussion together with our unaudited condensed consolidated financial statements (“Financial Statements”) and the related notes thereto included in “Part I, Item 1—Financial Statements,” and our audited condensed consolidated financial statements and the related notes thereto included in “Part II, Item 8—Financial Statements and Supplementary Data” in our Annual Report on Form 10-K for the year ended December 31, 2020. Operating results for any one quarter are not necessarily indicative of results to be expected for any other quarter or for the year.
  • In addition to historical information, this report may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The forward-looking statements anticipate results based on our estimates, assumptions and plans that are subject to uncertainty. These forward-looking statements may be identified by their use of words like “plans,” “seeks,” “expects,” “will,” “should,” “anticipates,” “estimates,” “intends,” “believes,” “likely,” “targets,” and other words with similar meanings. These statements may address, among other things, our strategy for growth, catastrophe exposure and other risk management, product development, investment results, regulatory approvals, market position, expenses, financial results, litigation and reserves. We believe that these statements are based on reasonable estimates, assumptions and plans. However, if the estimates, assumptions or plans underlying the forward-looking statements prove inaccurate or if other risks or uncertainties arise, actual results could differ materially from those communicated in these forward-looking statements as a result of the risks set forth below, which are a summary of those set forth in our Annual Report on Form 10-K for the year ended December 31, 2020. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.
Content analysis
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Positive
Negative
Uncertain
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Legalese
Litigous
Readability
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