Apr 11, 2023 2 min read

New Buy Recommendation

Chaikin Analytics rates this property and casualty as Very Bullish and the stock apays a 3.5% dividend yield.

Ticker: UVE

Price: $18.43

Overall Rank: 91.22

SCRT: 97.50

Dividend Yield: 3.5%

Sector: Financial

Background:

Universal Insurance Holdings, Inc. engages in offering property and casualty insurance and value-added insurance services. It develops, markets, and underwrites insurance products for consumers in the personal residential homeowner's lines of business and performs substantially all other insurance-related services for primary insurance entities, including risk management, claims management, and distribution.

The company was founded by Bradley I. Meier on November 13, 1990 and is headquartered in Fort Lauderdale, FL.

Chart:

Notice on the chart the solid green accumulation (CMF). Additionally, the MACD looks close to flipping from negative to positive.

Institutions have been net buyers of the stock. In the latest quarter, buying was over 3X the selling.

Chaikin Analytics gives this stock their highest rating - VeryBullish.

While this stock is in the Financial sector which is overall weak, the insurance stocks are performing much better than the bank and real estate stocks which I will continue to avoid for now.

Within the Property & Casualty Industry, there are a number of stocks with SCTR rankings above 80. Industry strength is always good.

Recommendation: I will initiate a 2.5% position in the portfolio at the current price of $18.43