Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Universal Insurance Holdings (NYSE: UVE) improved during the last several trading days. UVE’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Universal Insurance Holdings (NYSE: UVE) stock declined slightly by -0.7% on 3/1/24. The stock closed at $20.05. Moreover, trading volume in this decline was unusually high at 162% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 16.4% during the last week.
Current PriceTarget Research Rating
UVE is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Universal Insurance Holdings has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Universal Insurance Holdings has a neutral Appreciation Score of 57 but a good Power Rating of 85, triggering the Positive Value Trend Rating.
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