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Universal Insurance Holdings, Inc. (UVE) provides various property and casualty insurance products.
It primarily underwrites homeowners insurance products; and offers reinsurance intermediary brokerage services. The company provides its products through a network of independent agents in Florida, North Carolina, South Carolina, Hawaii, Georgia, Massachusetts, and Maryland.
The Company's insurance products are offered to its customers through Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC), (collectively the Insurance Entities).
Substantially all aspects of insurance underwriting, distribution and claims processing are covered through the Company's subsidiaries. Blue Atlantic Reinsurance Corporation (BARC), a wholly owned subsidiary of UIH, is a reinsurance intermediary broker. The Insurance Entities generate revenues primarily from the collection of premiums.
Universal Risk Advisors, Inc. (URA), the Company's managing general agent, generates revenue through policy fee income and other administrative fees from the marketing of the Insurance Entities' insurance products through its distribution network of independent agents.
Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock.
52-Week Trading Range: $11.53 - $26.47
Entry Point: $26.50
Stop Loss: $25.15
Target Price: $29.15
UVE fell below our stop loss. Closed at $25.00.
