Recent News
On April 10, 2026 the board declared a quarterly cash dividend of $0.16 per share, payable May 15, 2026 to shareholders of record as of the close of business on May 8, 2026.
Technical Analysis
ADX at 14.74 indicates no established trend, which limits conviction for directional breakouts and places emphasis on mean-reversion setups for the near term.
DI+ sits at 23.76 with a peak-and-reversal, which reads as a bearish shift in directional strength; DI- at 18.55 also shows a peak-and-reversal, which reads as a bullish shift. Those opposing DI signals while ADX remains below 20 point to short-term tug-of-war, not a sustained directional move.
MACD registers 0.29 while the signal line sits at 0.30 and the MACD trend shows a peak-and-reversal; the MACD sitting below its signal line confirms waning bullish momentum and supports a near-term cooling of upward pressure.
MRO stands at 21.81 with a peak-and-reversal; the positive MRO indicates the market price sits above the model target and implies a higher probability of downward adjustment given the recent peak behavior.
RSI at 53.78 with a peak-and-reversal registers neutral-to-slightly-cooling momentum; neither overbought nor oversold conditions dominate, reinforcing a range-bound near-term price environment.
Price context: the close at $34.42 trades above the 12-day EMA (price12dayEMA increasing), above the 20-day average ($34.10) and 50-day average ($33.36), and well above the 200-day average ($29.50). The price near the upper Bollinger band (upper ~ $34.86) shows short-term strength but limited upside room without renewed momentum.
Ichimoku components (Tenkan/Kijun ~ $33.84, Senkou A $32.89, Senkou B $32.35) place price above the cloud, which aligns with the view that longer-term structure stays constructive even as short-term momentum cools.
Fundamental Analysis
Business profile: Universal underwrites personal residential property insurance and operates direct-to-consumer and agent distribution channels; total revenue $407,926,000 and net income $66,589,000 for the period ending 2025-12-31.
Profitability: EBIT $89,872,000 implies an EBIT margin of 22.03%, which sits above the industry peer mean of 20.92% and slightly above the industry peer median of 16.497%; the margin improved year-over-year and shows positive QoQ movement. Interest coverage stands at ~63.2x, reflecting minimal interest burden relative to operating profit.
Top-line and growth: reported revenue growth reads 1.73% while reported revenue growth year-over-year shows -3.45%; operating leverage appears elevated (operating leverage 37.99) and earnings growth shows mixed signals with an overall earningsGrowth figure that the company reports positively versus peers on a multi-period basis.
Capital and liquidity: cash $408,868,000 and cash and short-term investments $571,786,000 provide substantial liquidity against total debt of $100,481,000 (debt to assets ~3.54%). Free cash flow $25,003,000 and a free cash flow yield ~2.88% with free cash conversion below last-year levels, indicating cash generation but with recent contraction in free-cash growth.
Valuation multiples versus industry peer values: trailing PE ~14.30 compares materially below the industry peer mean of ~40.89 and the peer median ~40.50, indicating a meaningful relative discount on reported earnings. Price-to-book ~1.58 sits below the industry peer mean of ~2.58 and near the peer median range. Forward PE (~31.50) implies higher near-term expectations versus trailing metrics but still sits below many peer forward multiples.
Shareholder returns and payout: dividend yield ~0.96% with a dividend payout ratio ~12.55% and dividend coverage near 7.97x signals a conservatively covered distribution; the April dividend declaration signals active capital-allocation to shareholders alongside prior repurchase activity disclosed in recent filings.
Balance-sheet efficiency: asset turnover ~0.14 and receivables turnover ~1.15 indicate relatively low revenue per asset but stable receivables management; retained earnings of $757,449,000 and net tangible assets $551,035,000 provide reserve depth for underwriting volatility.
Valuation view: the current valuation as determined by WMDST shows the stock as under-valued relative to its earnings and book metrics, supported by strong margins, low leverage, and substantial liquidity, though growth and free-cash growth show pressure versus prior periods.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-02-24 |
| NEXT REPORT DATE: | 2026-05-26 |
| CASH FLOW | Begin Period Cash Flow | $ 474.2 M |
| Operating Cash Flow | $ 26.1 M | |
| Capital Expenditures | $ -1.08 M | |
| Change In Working Capital | $ -40.51 M | |
| Dividends Paid | $ -8.35 M | |
| Cash Flow Delta | $ 3.6 M | |
| End Period Cash Flow | $ 477.8 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 407.9 M | |
| Forward Revenue | $ 42.9 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | — | |
| Depreciation and Amortization | — | |
| Research and Development | — | |
| Total Operating Expenses | $ 319.5 M | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | $ 89.9 M | |
| Operating Income | — | |
| Interest Income | $ -177.00 K | |
| Interest Expense | $ 1.4 M | |
| Net Interest Income | $ -1.60 M | |
| Income Before Tax | $ 88.5 M | |
| Tax Provision | $ 21.9 M | |
| Tax Rate | 24.716 % | |
| Net Income | $ 66.6 M | |
| Net Income From Continuing Operations | $ 66.6 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.30 | |
| EPS Actual | $ 2.17 | |
| EPS Difference | $ 0.87 | |
| EPS Surprise | 66.923 % | |
| Forward EPS | $ 1.00 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 2.8 B | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 551.0 M | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | $ 571.8 M | |
| Cash | $ 408.9 M | |
| Net Receivables | $ 308.6 M | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | $ 257.2 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | — | |
| Total Debt | $ 100.5 M | |
| Total Liabilities | $ 2.3 B | |
| EQUITY | ||
| Total Equity | $ 551.0 M | |
| Retained Earnings | $ 757.4 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 19.67 | |
| Shares Outstanding | 28.008 M | |
| Revenue Per-Share | $ 14.56 | |
| VALUATION | Market Capitalization | $ 868.9 M |
| Enterprise Value | $ 397.6 M | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 0.975 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 5.153 | |
| Asset To Liability | 1.241 | |
| Debt To Capital | 0.154 | |
| Debt To Assets | 0.035 | |
| Debt To Assets QoQ | 8.594 % | |
| Debt To Assets YoY | -0.702 % | |
| Debt To Assets IPRWA | high: 0.14 median: 0.056 mean: 0.054 UVE: 0.035 low: 0.005 |
|
| Debt To Equity | 0.182 | |
| Debt To Equity QoQ | -10.331 % | |
| Debt To Equity YoY | -32.774 % | |
| Debt To Equity IPRWA | high: 0.705 mean: 0.228 median: 0.227 UVE: 0.182 low: 0.012 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.577 | |
| Price To Book QoQ | 5.309 % | |
| Price To Book YoY | 4.501 % | |
| Price To Book IPRWA | high: 6.563 mean: 2.581 median: 1.861 UVE: 1.577 low: 0.322 |
|
| Price To Earnings (P/E) | 14.297 | |
| Price To Earnings QoQ | -26.43 % | |
| Price To Earnings YoY | -82.17 % | |
| Price To Earnings IPRWA | high: 103.837 mean: 40.889 median: 40.504 UVE: 14.297 low: 12.348 |
|
| PE/G Ratio | 0.24 | |
| Price To Sales (P/S) | 2.13 | |
| Price To Sales QoQ | 15.224 % | |
| Price To Sales YoY | 45.533 % | |
| Price To Sales IPRWA | high: 19.182 mean: 5.878 median: 5.676 UVE: 2.13 low: 1.58 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 31.499 | |
| Forward PE/G | 0.529 | |
| Forward P/S | 20.257 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 37.994 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.138 | |
| Asset Turnover Ratio QoQ | 9.215 % | |
| Asset Turnover Ratio YoY | -1.798 % | |
| Asset Turnover Ratio IPRWA | high: 0.259 UVE: 0.138 mean: 0.112 median: 0.087 low: 0.008 |
|
| Receivables Turnover | 1.154 | |
| Receivables Turnover Ratio QoQ | 24.314 % | |
| Receivables Turnover Ratio YoY | 39.155 % | |
| Receivables Turnover Ratio IPRWA | high: 1.703 UVE: 1.154 mean: 0.717 median: 0.604 low: 0.073 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 79.075 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 79.075 | |
| Cash Conversion Cycle Days QoQ | -19.559 % | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 438.402 mean: 120.442 median: 80.405 UVE: 79.075 low: 33.334 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.003 | |
| CapEx To Depreciation | — | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 651.5 M | |
| Net Invested Capital | $ 651.5 M | |
| Invested Capital | $ 651.5 M | |
| Net Tangible Assets | $ 551.0 M | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 1.064 % | |
| Interest Coverage Ratio | 63.201 | |
| Interest Coverage Ratio QoQ | 66.273 % | |
| Interest Coverage Ratio YoY | 932.956 % | |
| Interest Coverage Ratio IPRWA | high: 143.716 UVE: 63.201 mean: 38.626 median: 37.5 low: -0.995 |
|
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 7.971 | |
| Dividend Payout Ratio | 0.125 | |
| Dividend Rate | $ 0.30 | |
| Dividend Yield | 0.01 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -8.09 % | |
| Revenue Growth | 1.732 % | |
| Revenue Growth QoQ | 724.762 % | |
| Revenue Growth YoY | -344.633 % | |
| Revenue Growth IPRWA | high: 21.706 % mean: 3.728 % median: 2.421 % UVE: 1.732 % low: -20.344 % |
|
| Earnings Growth | 59.559 % | |
| Earnings Growth QoQ | 463.525 % | |
| Earnings Growth YoY | -144.365 % | |
| Earnings Growth IPRWA | UVE: 59.559 % high: 47.959 % median: 5.18 % mean: 4.741 % low: -43.137 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | 22.031 % | |
| EBIT Margin QoQ | 62.975 % | |
| EBIT Margin YoY | 865.425 % | |
| EBIT Margin IPRWA | high: 62.969 % UVE: 22.031 % mean: 20.92 % median: 16.497 % low: -17.243 % |
|
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 25.0 M | |
| Free Cash Flow Yield | 2.877 % | |
| Free Cash Flow Yield QoQ | -65.191 % | |
| Free Cash Flow Yield YoY | -115.85 % | |
| Free Cash Flow Yield IPRWA | high: 13.218 % mean: 3.493 % median: 3.288 % UVE: 2.877 % low: -1.478 % |
|
| Free Cash Growth | -59.188 % | |
| Free Cash Growth QoQ | 41.632 % | |
| Free Cash Growth YoY | -73.842 % | |
| Free Cash Growth IPRWA | high: 101.01 % mean: -31.9 % median: -36.48 % UVE: -59.188 % low: -205.847 % |
|
| Free Cash To Net Income | 0.375 | |
| Cash Flow Margin | -21.635 % | |
| Cash Flow To Earnings | 0.392 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.246 % | |
| Return On Assets QoQ | 79.536 % | |
| Return On Assets YoY | 925.571 % | |
| Return On Assets IPRWA | high: 4.006 % UVE: 2.246 % mean: 1.756 % median: 1.737 % low: -1.129 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.121 | |
| Return On Equity QoQ | 50.186 % | |
| Return On Equity YoY | 649.628 % | |
| Return On Equity IPRWA | high: 0.134 UVE: 0.121 median: 0.076 mean: 0.069 low: -0.041 |
|
| DuPont ROE | 12.732 % | |
| Return On Invested Capital (ROIC) | 10.385 % | |
| Return On Invested Capital QoQ | 51.164 % | |
| Return On Invested Capital YoY | -559.31 % | |
| Return On Invested Capital IPRWA | high: 11.649 % UVE: 10.385 % median: 6.141 % mean: 5.973 % low: -2.346 % |
|