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Universal Insurance Holdings, Inc. (UVE - Free Report) was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $13.31 to $14.55 in the past one-month time frame.
The move came after the company reported better-than-expected fourth-quarter 2020 results.
The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
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Universal Insurance Holdings (UVE) Surges: Stock Moves 7.3% Higher
Universal Insurance Holdings, Inc. (UVE - Free Report) was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $13.31 to $14.55 in the past one-month time frame.
The move came after the company reported better-than-expected fourth-quarter 2020 results.
The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
UNIVERSAL INSURANCE HOLDINGS INC Price
UNIVERSAL INSURANCE HOLDINGS INC price | UNIVERSAL INSURANCE HOLDINGS INC Quote
Universal Insurance Holdings currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the Insurance - Property and Casualty industry is Markel Corporation (MKL - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
Click here to download this report FREE >>