Benzinga | Jul 29, 2020 05:42PM EDT

Universal Insurance Hldgs: Q2 Earnings Insights

Shares of Universal Insurance Hldgs (NYSE:UVE) were unchanged in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 50.48% year over year to $0.52, which beat the estimate of $0.50.

Revenue of $252,704,000 up by 8.12% from the same period last year, which beat the estimate of $249,160,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Universal Insurance Hldgs hasn't issued any revenue guidance for the time being.

Technicals

Company's 52-week high was at $30.79

52-week low: $14.20

Price action over last quarter: down 6.05%

Company Description

Universal Insurance Holdings Inc is a private personal residential homeowner insurance company. The company all aspects of insurance underwriting, policy issuance, general administration and claims processing and settlement internally through our vertically integrated operations. It generates revenues primarily from the collection of premiums. It operates within Florida and across the United States.