UVE - Universal Insurance Holding: An Outperforming Insurer Well-Positioned In Florida Market
Almost two weeks ago, investors were afraid by the financial consequences of Hurricane Dorian on Florida-exposed insurers like Universal Holding (UVE). Some investors ran away from these stocks, and their stock prices dropped accordingly. As the potential damages caused by Dorian were lower than expected, investors were partially reassured, UVE's stock price surging from about $24 to almost $29 or a 19% gain in slightly more than one week.
Data by YCharts
Nonetheless, Universal's stock return was negative at -24% on a year-to-date basis, as investors and analysts expected undoubtedly more from the