Universal Insurance Hldgs Stock (NYSE: UVE)

Universal Insurance Hldgs Stock (NYSE:UVE), Trade Ideas

Universal Insurance Hldgs

UNIVERSAL INSURANCE HOLDINGS INC

AMEX

Universal Insurance Holdings Inc is a private personal residential homeowner insurance company. The company develops, markets, and underwrites insurance products for consumers predominantly in the personal residential homeowners' lines of business and performs substantially all other insurance-related services for its primary insurance entities, including risk management, claims management, and distribution. The company generates revenue from the collection of premiums. It operates within Florida and across the United States. The company's primary insurance subsidiaries, (UPCIC) and (APPCIC) provide insurance for personal residential: homeowners, renters/tenants, condo unit owners, and other related coverages.

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The Beachbody Company, Inc. Class A Common Stock

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U.S. stocks were higher, with the Dow Jones index surging more than 200 points on Tuesday.

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Shares of  MercadoLibre, Inc. (NASDAQ: MELI) fell sharply during Friday’s session after the company reported fourth-quarter financial results.

Why MercadoLibre Shares Are Trading Lower By Around 10%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

U.S. stocks were mostly higher, with the Dow Jones index gaining more than 100 points on Friday.

Carvana Posts Q4 Results, Joins LegalZoom.com, Comfort Systems And Other Big Stocks Moving Higher On Friday

UNIVERSAL INSURANCE HOLDINGS INC Common Stock

Universal Insurance Holdings Inc

Piper Sandler analyst Paul Newsome maintains Universal Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) with a Overweight and maintains $25 price target.

Price Target

Analyst Ratings

Piper Sandler Maintains Overweight on Universal Insurance Hldgs, Maintains $25 Price Target

<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. 
<h3>Gainers</h3>
<ul>
<li>Marpai (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAI#NASDAQ">MRAI</a>) shares increased by 8.84% to $2.46 during Wednesday's regular session. The current volume of 439.7K shares is 0% of Marpai's average full-day volume over the last 100 days (last updated at 13:40 EST). The market value of their outstanding shares is at $23.2 million. </li>
<li>Abacus Life (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABL#NASDAQ">ABL</a>) shares rose 8.52% to $12.1. The current volume of 11.5K shares is 0% of Abacus Life's average full-day volume over the last 100 days (last updated at 13:40 EST). The market value of their outstanding shares is at $715.8 million. </li>
<li>Cheche Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCG#NASDAQ">CCG</a>) stock increased by 6.81% to $4.86. Cheche Group's stock is trading at a volume of 15.9K shares as of 13:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $340.1 million. </li>
<li>Intl General Insurance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IGIC#NASDAQ">IGIC</a>) shares increased by 3.56% to $13.07. As of 13:40 EST, this security is trading at a volume of 42.1K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $608.0 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) stock increased by 3.42% to $3.93. Trading volume for Kingstone Companies's stock is 9.8K as of 13:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $41.7 million. </li>
<li>Hippo Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIPO#NYSE">HIPO</a>) shares moved upwards by 2.94% to $19.24. Trading volume for this security as of 13:40 EST is 157.2K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $454.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>James River Gr Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JRVR#NASDAQ">JRVR</a>) stock fell 3.73% to $6.97 during Wednesday's regular session. The current volume of 333.8K shares is 0% of James River Gr Hldgs's average full-day volume over the last 100 days (last updated at 13:40 EST). The market value of their outstanding shares is at $272.6 million. </li>
<li>Universal Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) shares declined by 3.45% to $20.18. Trading volume for this security as of 13:40 EST is 95.8K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $605.3 million. </li>
<li>Reliance Global Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) shares fell 2.55% to $0.38. Trading volume for this security as of 13:40 EST is 55.5K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $1.8 million. </li>
<li>United Fire Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFCS#NASDAQ">UFCS</a>) stock decreased by 1.63% to $21.75. Trading volume for United Fire Gr's stock is 22.8K as of 13:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $558.8 million. </li>
<li>Donegal Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGICA#NASDAQ">DGICA</a>) shares fell 1.56% to $13.28. As of 13:40 EST, Donegal Gr's stock is trading at a volume of 33.5K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $450.4 million. </li>
<li>Crawford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRD#NYSE">CRD</a>) shares decreased by 1.35% to $8.06. The current volume of 101.9K shares is 0% of Crawford's average full-day volume over the last 100 days (last updated at 13:40 EST). The company's market cap stands at 396407524. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

DGICA

HIPO

IGIC

JRVR

KINS

MRAI

RELI

UFCS

Insurance Stocks Moving In Wednesday's Intraday Session

<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. 
<h3>Gainers</h3>
<ul>
<li>Huize Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUIZ#NASDAQ">HUIZ</a>) shares rose 15.85% to $0.76 during Tuesday's regular session. Huize Holding's stock is trading at a volume of 86.0K shares as of 13:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $33.2 million. </li>
<li>Marpai (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAI#NASDAQ">MRAI</a>) stock rose 12.27% to $2.2. As of 13:40 EST, Marpai's stock is trading at a volume of 639.4K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $20.6 million. </li>
<li>Universal Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) stock increased by 7.11% to $21.0. Trading volume for this security as of 13:40 EST is 223.0K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $567.7 million. </li>
<li>Fanhua (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANH#NASDAQ">FANH</a>) stock rose 5.1% to $5.79. Trading volume for Fanhua's stock is 159.2K as of 13:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $339.8 million. </li>
<li>Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) shares moved upwards by 4.9% to $3.9. Trading volume for this security as of 13:40 EST is 21.1K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $41.7 million. </li>
<li>American Coastal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIC#NASDAQ">ACIC</a>) shares rose 3.76% to $10.48. Trading volume for this security as of 13:40 EST is 252.1K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $467.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Lemonade (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) shares fell 3.46% to $16.79 during Tuesday's regular session. As of 13:40 EST, Lemonade's stock is trading at a volume of 1.1 million, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $1.2 billion. </li>
<li>Hippo Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIPO#NYSE">HIPO</a>) shares decreased by 2.51% to $17.93. Trading volume for Hippo Holdings's stock is 39.0K as of 13:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $447.0 million. As per the press release, Q4 earnings came out 4 days ago. </li>
<li>HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) shares fell 1.87% to $110.49. As of 13:40 EST, HCI Group's stock is trading at a volume of 113.0K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.1 billion. As per the news, the Q4 earnings report came out 3 days ago. </li>
<li>Root (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) shares decreased by 1.86% to $41.86. As of 13:40 EST, Root's stock is trading at a volume of 515.5K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $625.7 million. </li>
<li>United Fire Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFCS#NASDAQ">UFCS</a>) shares fell 1.82% to $22.16. The current volume of 20.0K shares is 0% of United Fire Gr's average full-day volume over the last 100 days (last updated at 13:40 EST). The company's market cap stands at $570.5 million. </li>
<li>ProAssurance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRA#NYSE">PRA</a>) stock decreased by 1.76% to $12.05. Trading volume for this security as of 13:40 EST is 61.4K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $625.4 million. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ACIC

HUIZ

LMND

Insurance Stocks Moving In Tuesday's Intraday Session

WIIM

Universal Insurance Holdings shares are trading higher after the  company announced a $20 million share repurchase authorization.

U.S. stocks were higher, with the Dow Jones index surging more than 200 points on Tuesday.
Shares of Bioventus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bvs#NASDAQ">BVS</a>) rose sharply during Tuesday&rsquo;s session after the company reported better-than-expected quarterly financial results and issued FY24 net sales <a href="https://www.benzinga.com/quote/BVS/earnings">guidance above estimates</a>.
Bioventus posted adjusted earnings of 7 cents per share, beating market estimates of 2 cents per share. The company&rsquo;s quarterly sales came in at $135.42 million, versus expectations of $123.96 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Bioventus shares surged 10.8% to $5.88 on Tuesday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>Ranpak Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pack#NASDAQ">PACK</a>) shares climbed 40.1% to $6.12 after the company reported better-than-expected fourth-quarter revenue results and issued FY24 guidance. Also, Baird maintained an Outperform rating on the stock and raised its price target from $5 to $7.</li>
<li>Nukkleus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nukk#NASDAQ">NUKK</a>) shares gained 22.5% to $1.41 after surging over 43% on Monday.</li>
<li>The Beachbody Company, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bodi#NYSE">BODI</a>) rose 16.7% to $10.60 after the company reported better-than-expected fourth-quarter revenue results and issued first-quarter revenue guidance.</li>
<li>Kanzhun Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bz#NASDAQ">BZ</a>) climbed 14.8% to $20.10 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter revenue guidance above estimates. The company approved a $200 million share buyback.</li>
<li>Heritage Insurance Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hrtg#NYSE">HRTG</a>) shares rose 13.4% to $8.11 following better-than-expected fourth-quarter results.</li>
<li>NuScale Power Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smr#NYSE">SMR</a>) surged 12.8% to $6.18.</li>
<li>Mission Produce, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avo#NASDAQ">AVO</a>) gained 12% to $11.98 following upbeat quarterly results.</li>
<li>SIGA Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/siga#NASDAQ">SIGA</a>) surged 11.4% to $5.45 after the company announced a special cash dividend.</li>
<li>Bioventus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bvs#NASDAQ">BVS</a>) climbed 11.2% to $5.91 after the company reported better-than-expected fourth-quarter financial results and issued FY24 net sales guidance above estimates.</li>
<li>GigaCloud Technology Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gct#NASDAQ">GCT</a>) gained 11.1% to $34.27.</li>
<li>Bowman Consulting Group Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bwmn#NASDAQ">BWMN</a>) rose 11% to $37.33 following strong quarterly results.</li>
<li>Oracle Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/orcl#NYSE">ORCL</a>) gained 10.5% to $126.09 after the company reported upbeat earnings for its fiscal third quarter.</li>
<li>Universal Insurance Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uve#NYSE">UVE</a>) rose 10% to $21.57. Universal Insurance announced a new $20 million share repurchase authorization.</li>
<li>Rumble Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rum#NASDAQ">RUM</a>) gained 8.4% to $ 7.24.</li>
<li>Fanhua Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fanh#NASDAQ">FANH</a>) surged 9.3% to $6.02.</li>
<li>Archer-Daniels-Midland Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/adm#NYSE">ADM</a>) climbed 5% to $57.63 after the company reported fourth-quarter financial results and issued FY24 guidance. Also, the company authorized the purchase an additional $2 billion of shares under its existing share repurchase program.</li>
<li>MINISO Group Holding Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnso#NASDAQ">MNSO</a>) shares rose 3% to $18.45 after posting stronger-than-expected quarterly earnings.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37605801/how-to-earn-500-a-month-from-nvidia-stock"> How To Earn $500 A Month From NVIDIA Stock </a>

Buybacks

Universal Insurance Holdings Announces New $20M Share Repurchase Authorization

<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. 
<h3>Gainers</h3>
<ul>
<li>SelectQuote (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLQT#NYSE">SLQT</a>) shares moved upwards by 6.25% to $1.87 during Friday's regular session. The current volume of 600.8K shares is 0% of SelectQuote's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $300.8 million. </li>
<li>Fanhua (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANH#NASDAQ">FANH</a>) shares rose 5.53% to $5.05. The current volume of 17.6K shares is 0% of Fanhua's average full-day volume over the last 100 days (last updated at 12:40 EST). The market value of their outstanding shares is at $272.3 million. </li>
<li>Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) stock increased by 5.33% to $7.11. Heritage Insurance Hldgs's stock is trading at a volume of 245.0K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $210.1 million. </li>
<li>Universal Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) stock rose 5.03% to $20.44. As of 12:40 EST, this security is trading at a volume of 66.7K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $563.6 million. </li>
<li>GoHealth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOCO#NASDAQ">GOCO</a>) shares moved upwards by 4.7% to $13.35. As of 12:40 EST, GoHealth's stock is trading at a volume of 4.3K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $121.8 million. </li>
<li>Lemonade (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) stock moved upwards by 2.8% to $17.21. Trading volume for this security as of 12:40 EST is 1.2 million, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.1 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Reliance Global Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) stock declined by 8.76% to $0.36 during Friday's regular session. As of 12:40 EST, Reliance Global Group's stock is trading at a volume of 103.7K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $2.0 million. </li>
<li>Cheche Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCG#NASDAQ">CCG</a>) shares declined by 5.16% to $4.6. Cheche Group's stock is trading at a volume of 5.6K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $368.1 million. </li>
<li>Waterdrop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDH#NYSE">WDH</a>) shares fell 2.86% to $1.19. As of 12:40 EST, this security is trading at a volume of 156.6K shares, making up 0% of its average full-day volume over the last 100 days. The company's market cap stands at $484.7 million. </li>
<li>Hippo Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIPO#NYSE">HIPO</a>) stock decreased by 2.61% to $17.97. As of 12:40 EST, Hippo Holdings's stock is trading at a volume of 194.7K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $448.5 million. The company's, Q4 earnings came out 2 days ago. </li>
<li>MBIA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MBI#NYSE">MBI</a>) stock fell 2.41% to $6.5. Trading volume for MBIA's stock is 200.7K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $340.1 million. </li>
<li>American Coastal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIC#NASDAQ">ACIC</a>) stock fell 2.37% to $10.33. Trading volume for American Coastal's stock is 143.2K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $506.5 million. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

GOCO

SLQT

Insurance Stocks Moving In Friday's Intraday Session

<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. 
<h3>Gainers</h3>
<ul>
<li>Marpai (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAI#NASDAQ">MRAI</a>) stock moved upwards by 10.51% to $1.6 during Monday's regular session. As of 12:40 EST, Marpai's stock is trading at a volume of 105.7K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $13.7 million. </li>
<li>Lemonade (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) shares rose 9.3% to $19.57. The current volume of 2.0 million shares is 0% of Lemonade's average full-day volume over the last 100 days (last updated at 12:40 EST). The market value of their outstanding shares is at $1.2 billion. </li>
<li>Hippo Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIPO#NYSE">HIPO</a>) stock moved upwards by 8.38% to $12.8. Trading volume for this security as of 12:40 EST is 133.7K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $282.1 million. </li>
<li>Crawford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRD#NYSE">CRD</a>) shares moved upwards by 5.09% to $13.4. As of 12:40 EST, Crawford's stock is trading at a volume of 115.2K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at 655083924. </li>
<li>Crawford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRD#NYSE">CRD</a>) stock increased by 4.73% to $12.6. As of 12:40 EST, this security is trading at a volume of 13.9K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at 615974436. </li>
<li>eHealth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHTH#NASDAQ">EHTH</a>) shares rose 4.53% to $7.14. As of 12:40 EST, this security is trading at a volume of 61.5K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $193.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Maiden Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MHLD#NASDAQ">MHLD</a>) shares fell 4.66% to $1.33 during Monday's regular session. As of 12:40 EST, Maiden Hldgs's stock is trading at a volume of 101.9K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $170.5 million. </li>
<li>Huize Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUIZ#NASDAQ">HUIZ</a>) shares declined by 3.9% to $0.7. Trading volume for Huize Holding's stock is 3.0K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $36.3 million. </li>
<li>Maiden Holdings, Ltd. 6.625% Notes due 2046 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHLA#NYSE">MHLA</a>) stock decreased by 3.38% to $16.03. Maiden Holdings, Ltd. 6.625% Notes due 2046's stock is trading at a volume of 1.6K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. </li>
<li>ProAssurance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRA#NYSE">PRA</a>) shares fell 3.07% to $12.96. As of 12:40 EST, this security is trading at a volume of 82.9K shares, making up 0% of its average full-day volume over the last 100 days. The company's market cap stands at $681.4 million. </li>
<li>Universal Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) shares decreased by 2.57% to $20.55. As of 12:40 EST, Universal Insurance Hldgs's stock is trading at a volume of 186.9K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $615.5 million. The company's, Q4 earnings came out 2 days ago. </li>
<li>James River Gr Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JRVR#NASDAQ">JRVR</a>) stock decreased by 1.98% to $10.64. The current volume of 142.4K shares is 0% of James River Gr Hldgs's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $408.7 million. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

EHTH

Maiden Holdings, Ltd. 6.625% Notes due 2046

MHLA

MHLD

Insurance Stocks Moving In Monday's Intraday Session

Universal Insurance shares are trading higher after the company reported better-than-expected Q4 financial results.

Shares of MercadoLibre, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meli#NASDAQ">MELI</a>) fell sharply during Friday&rsquo;s session after the company reported <a href="https://www.benzinga.com/news/earnings/24/02/37274889/mercadolibre-reports-mixed-q4-results-earnings-miss-revenues-beat">fourth-quarter financial results.</a>
MercadoLibre reported quarterly earnings of $3.25 per share, unchanged from the same period last year. The company reported quarterly sales of $4.26 billion, beating the analyst consensus estimate of $4.12 billion.
MercadoLibre shares dipped 9.6% to $1,643.30 on Friday.
Here are some other stocks moving in today&#39;s mid-day session.
Gainers
<ul>
<li>AXT, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axti#NASDAQ">AXTI</a>) shares surged 74.4% to $3.9750 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Maravai LifeSciences Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrvi#NASDAQ">MRVI</a>) shares jumped 60.8% to $8.22 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>AtlasClear Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atch#NYSE">ATCH</a>) rose 48% to $1.6899.</li>
<li>EZFill Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ezfl#NASDAQ">EZFL</a>) gained 44.6% to $ 1.8088.</li>
<li>Ocean Biomedical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ocea#NASDAQ">OCEA</a>) jumped 42.3% to $0.7819.</li>
<li>Gyre Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gyre#NASDAQ">GYRE</a>) gained 36.2% to $21.79.</li>
<li>Carvana Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvna#NYSE">CVNA</a>) rose 31.2% to $68.77 after the company reported fourth-quarter financial results.</li>
<li>Sleep Number Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snbr#NASDAQ">SNBR</a>) gained 30.5% to $14.42 after the company reported better-than-expected fourth-quarter financial results. Also, Wedbush maintained a Neutral rating on the stock and raised its price target from $12 to $13.5.</li>
<li>ATN International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atni#NASDAQ">ATNI</a>) rose 26% to $ 35.72.</li>
<li>Root, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/root#NASDAQ">ROOT</a>) gained 26% to $16.85 after the company reported better-than-expected fourth-quarter financial results. Following earnings, Cantor Fitzgerald upgraded the stock from Neutral to Overweight and raised its price target from $9 to $13.</li>
<li>Infobird Co., Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ifbd#NASDAQ">IFBD</a>) gained 25.7% to $3.72.</li>
<li>Vroom, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vrm#NASDAQ">VRM</a>) jumped 25.5% to $ 10.50. Vroom is expected to release fourth quarter earnings on March 13, 2024.</li>
<li>ATN International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atni#NASDAQ">ATNI</a>) rose 25.4% to $35.61.</li>
<li>Intuitive Machines, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lunr#NASDAQ">LUNR</a>) gained 22.4% to $10.14 after the company&#39;s Odysseus spacecraft landed on the Moon.</li>
<li>Block, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sq#NYSE">SQ</a>) climbed 19.4% to $81.20 after the company reported better-than-expected fourth-quarter sales results and issued guidance.</li>
<li>Ventyx Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vtyx#NASDAQ">VTYX</a>) gained 18.3% to $6.82.</li>
<li>Universal Insurance Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uve#NYSE">UVE</a>) gained 18.2% to $20.37 following upbeat results.</li>
<li>Docebo Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dcbo#NASDAQ">DCBO</a>) gained 17.7% to $53.99 following upbeat quarterly results.</li>
<li>Universal Insurance Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uve#NYSE">UVE</a>) shares rose 17.2% to $20.20 following strong quarterly results.</li>
<li>Nextdoor Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kind#NASDAQ">KIND</a>) gained 16.9% to $2.0101 after the company reported preliminary fourth-quarter financial results and announced Nirav Tolia will return to the company as CEO.</li>
<li>Evolent Health, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/evh#NYSE">EVH</a>) gained 12.6% to $33.54 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Tandem Diabetes Care, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tndm#NASDAQ">TNDM</a>) climbed 12.1% to $28.02 amid volatility after the company reported fourth-quarter financial results.</li>
<li>American Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amswa#NASDAQ">AMSWA</a>) gained 11.6% to $11.49 following strong quarterly results.</li>
<li>Akero Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/akro#NASDAQ">AKRO</a>) surged 11% to $26.86.</li>
<li>Ventyx Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vtyx#NASDAQ">VTYX</a>) climbed 10.6% to $6.39.</li>
<li>LegalZoom.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lz#NASDAQ">LZ</a>) gained 10.5% to $10.87 after the company reported better-than-expected fourth-quarter financial results and issued FY24 revenue guidance. </li>
<li>Vir Biotechnology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vir#NASDAQ">VIR</a>) rose 10.3% to $11.36 following strong sales results.</li>
<li>Comfort Systems USA, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fix#NYSE">FIX</a>) rose 10.2% to $273.10 after the company reported better-than-expected fourth-quarter results.</li>
<li>Hyatt Hotels Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/h#NYSE">H</a>) climbed 8.9% to $147.66 after the company reported better-than-expected fourth-quarter sales results and issued guidance.</li>
<li>RB Global, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rba#NYSE">RBA</a>) rose 8.2% to $73.98 after the company reported better-than-expected fourth-quarter adjusted EPS results and issued guidance.</li>
<li>Victoria&#39;s Secret &amp; Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vsco#NYSE">VSCO</a>) gained 5% to $29.75.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Sequans Communications S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sqns#NYSE">SQNS</a>) fell 65% to $0.8925 after Renesas announced that it has terminated the previously announced MOU for a proposed acquisition of Sequans.</li>
<li>Smith Micro Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smsi#NASDAQ">SMSI</a>) shares fell 41.5% to $0.4781 after posting weak quarterly sales.</li>
<li>ModivCare Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/modv#NASDAQ">MODV</a>) fell 39.9% to $26.39 after the company issued weak sales forecast for the first quarter.</li>
<li>Greenbrook TMS Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gbnh#NASDAQ">GBNH</a>) dipped 37% to $0.1285 after announcing delisting from the Nasdaq.</li>
<li>Upland Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/upld#NASDAQ">UPLD</a>) tumbled 34.5% to $2.8890 after the company reported worse-than-expected fourth-quarter adjusted EPS results and issued FY24 revenue guidance below estimates.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aaoi#NASDAQ">AAOI</a>) shares fell 31.2% to $14.00 after reporting fourth-quarter results.</li>
<li>MicroCloud Hologram Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/holo#NASDAQ">HOLO</a>) fell 29.3% to $7.79.</li>
<li>Fox Factory Holding Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/foxf#NASDAQ">FOXF</a>) tumbled 27% to $47.38 after the company reported mixed fourth-quarter financial results and issued FY24 EPS and revenue guidance below estimates.</li>
<li>ImmunityBio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibrx#NASDAQ">IBRX</a>) fell 25% to $3.9299.</li>
<li>Vicor Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vicr#NASDAQ">VICR</a>) fell 21.2% to $36.92 after the company reported worse-than-expected quarterly financial results.</li>
<li>Gray Television, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gtn#NYSE">GTN</a>) fell 21.2% to $6.26 after the company reported a year-over-year decrease in fourth-quarter financial results and issued first-quarter revenue guidance below estimates.</li>
<li>La Rosa Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lrhc#NASDAQ">LRHC</a>) shares dipped 19.2% to $2.2150 after jumping around 96% on Thursday. La Rosa Holdings disclosed that it has acquired a 100% interest in the La Rosa Realty Winter Garden franchise in Florida.</li>
<li>The E.W. Scripps Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ssp#NASDAQ">SSP</a>) fell 15% to $4.58 following weak quarterly earnings.</li>
<li>AlTi Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alti#NASDAQ">ALTI</a>) dipped 14.6% to $6.02.</li>
<li>indie Semiconductor, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/indi#NASDAQ">INDI</a>) shares fell 14.2% to $5.91 following weak quarterly sales.</li>
<li>nLIGHT, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lasr#NASDAQ">LASR</a>) fell 13.6% to $11.93 following fourth-quarter results.</li>
<li>ACCO Brands Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acco#NYSE">ACCO</a>) declined 12.2% to $5.64 after the company reported fourth-quarter financial results and issued weak FY24 guidance.</li>
<li>Super Micro Computer, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>) fell 12% to $858.42 after the company announced a private offering of convertible senior notes.</li>
<li>Booking Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bkng#NASDAQ">BKNG</a>) shares fell 9.7% to $3,522.25 after the company reported fourth-quarter financial results.</li>
<li>Warner Bros. Discovery, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wbd#NASDAQ">WBD</a>) fell 9.3% to $8.68 after the company reported fourth-quarter financial results below estimates.</li>
<li>Penumbra, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pen#NYSE">PEN</a>) fell 8% to $241.77 after the company reported mixed fourth-quarter financial results.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/24/02/37283655/intuit-to-rally-around-14-here-are-10-top-analyst-forecasts-for-friday"> Intuit To Rally Around 14%? Here Are 10 Top Analyst Forecasts For Friday </a>

Why MercadoLibre Shares Are Trading Lower By Around 10%? Here Are Other Stocks Moving In Friday's Mid-Day Session

<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. 
<h3>Gainers</h3>
<ul>
<li>Universal Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) shares rose 16.66% to $20.1 during Friday's regular session. Trading volume for this security as of 12:40 EST is 275.3K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $580.1 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) shares moved upwards by 6.98% to $7.07. Trading volume for this security as of 12:40 EST is 193.0K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $200.1 million. </li>
<li>Reliance Global Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) shares rose 5.36% to $0.48. The current volume of 6.8K shares is 0% of Reliance Global Group's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $2.2 million. </li>
<li>Goosehead Insurance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSHD#NASDAQ">GSHD</a>) stock moved upwards by 3.72% to $74.34. Trading volume for Goosehead Insurance's stock is 268.2K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $1.7 billion. As per the news, the Q4 earnings report came out 2 days ago. </li>
<li>Genworth Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNW#NYSE">GNW</a>) shares increased by 3.45% to $6.14. Trading volume for Genworth Finl's stock is 1.0 million as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $2.6 billion. As per the press release, Q4 earnings came out 2 days ago. </li>
<li>American Coastal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIC#NASDAQ">ACIC</a>) stock moved upwards by 3.07% to $13.75. As of 12:40 EST, American Coastal's stock is trading at a volume of 118.1K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $588.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Trupanion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUP#NASDAQ">TRUP</a>) stock fell 2.9% to $23.02 during Friday's regular session. As of 12:40 EST, Trupanion's stock is trading at a volume of 256.4K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $999.5 million. </li>
<li>Donegal Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGICA#NASDAQ">DGICA</a>) shares decreased by 2.16% to $14.1. Trading volume for Donegal Gr's stock is 20.5K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $479.0 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Maiden Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MHLD#NASDAQ">MHLD</a>) stock declined by 2.03% to $1.4. Trading volume for Maiden Hldgs's stock is 56.3K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $170.5 million. </li>
<li>Crawford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRD#NYSE">CRD</a>) stock declined by 1.42% to $11.88. Crawford's stock is trading at a volume of 375 shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at 580775896. </li>
<li>Safety Insurance Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAFT#NASDAQ">SAFT</a>) stock decreased by 1.21% to $85.9. Safety Insurance Group's stock is trading at a volume of 22.2K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $1.2 billion. </li>
<li>eHealth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHTH#NASDAQ">EHTH</a>) shares declined by 1.2% to $6.62. As of 12:40 EST, this security is trading at a volume of 43.6K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $201.1 million. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

GSHD

SAFT

TRUP

U.S. stocks were mostly higher, with the Dow Jones index gaining more than 100 points on Friday.
Shares of Carvana Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvna#NYSE">CVNA</a>) rose sharply during Friday&rsquo;s session after the company reported <a href="https://www.benzinga.com/news/earnings/24/02/37273247/carvana-stock-climbs-on-q4-earnings-company-says-its-stronger-than-ever">fourth-quarter financial results.</a>
Carvana reported fourth-quarter revenue of $2.424 billion, which missed the consensus estimate of $2.528 billion, according to Benzinga Pro. The company reported quarterly loss of $1 per share, which missed analyst estimates for a loss of 88 cents per share.
Carvana expects retail units sold in the first quarter to be &ldquo;slightly up&rdquo; on a year-over-year basis. The company anticipates first-quarter adjusted EBITDA &ldquo;significantly above&rdquo; $100 million.
Carvana shares surged 31.1% to $68.69 on Friday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>Maravai LifeSciences Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrvi#NASDAQ">MRVI</a>) shares climbed 57.8% to $8.06 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>ATN International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atni#NASDAQ">ATNI</a>) climbed 31.4% to $37.23.</li>
<li>Nextdoor Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kind#NASDAQ">KIND</a>) rose 18.6% to $2.04 after the company reported preliminary fourth-quarter financial results and announced Nirav Tolia will return to the company as CEO.</li>
<li>Block, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sq#NYSE">SQ</a>) climbed 16.8% to $79.36 after the company reported better-than-expected fourth-quarter sales results and issued guidance.</li>
<li>Docebo Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dcbo#NASDAQ">DCBO</a>) climbed 14.7% to $52.60 following upbeat quarterly results.</li>
<li>Universal Insurance Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uve#NYSE">UVE</a>) shares gained 12.7% to $19.42 following strong quarterly results.</li>
<li>Tandem Diabetes Care, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tndm#NASDAQ">TNDM</a>) jumped 12.1% to $28.02 amid volatility after the company reported fourth-quarter financial results.</li>
<li>Akero Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/akro#NASDAQ">AKRO</a>) climbed 11% to $26.86.</li>
<li>Vir Biotechnology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vir#NASDAQ">VIR</a>) gained 10.3% to $11.36 following strong sales results.</li>
<li>Ventyx Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vtyx#NASDAQ">VTYX</a>) rose 10.6% to $6.39.</li>
<li>LegalZoom.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lz#NASDAQ">LZ</a>) climbed 10.5% to $10.87 after the company reported better-than-expected fourth-quarter financial results and issued FY24 revenue guidance. </li>
<li>Comfort Systems USA, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fix#NYSE">FIX</a>) gained 10.2% to $273.10 after the company reported better-than-expected fourth-quarter results.</li>
<li>Hyatt Hotels Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/h#NYSE">H</a>) gained 8.9% to $147.66 after the company reported better-than-expected fourth-quarter sales results and issued guidance.</li>
<li>RB Global, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rba#NYSE">RBA</a>) gained 8.2% to $73.98 after the company reported better-than-expected fourth-quarter adjusted EPS results and issued guidance.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/02/37286329/dow-surges-over-150-points-aercap-posts-upbeat-earnings"> Dow Surges Over 150 Points; AerCap Posts Upbeat Earnings </a>

Universal Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) reported its Q4 earnings results on Thursday, February 22, 2024 at 04:10 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Universal Insurance Hldgs beat estimated earnings by 72.0%, reporting an EPS of $0.43 versus an estimate of $0.25.
Revenue was up $45.10 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.13 which was followed by a 2.76% drop in the share price the next day.
Here's a look at Universal Insurance Hldgs's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.29</td>
<td>0.76</td>
<td>0.74</td>
<td>-0.49</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.16</td>
<td>0.87</td>
<td>0.79</td>
<td>0.72</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>322.48M</td>
<td>296.45M</td>
<td>296.17M</td>
<td>293.52M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>360.05M</td>
<td>339.57M</td>
<td>316.51M</td>
<td>330.36M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Universal Insurance Hldgs <a href="https://www.benzinga.com/quote/UVE/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Universal Insurance Hldgs: Q4 Earnings Insights

Universal Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) reported quarterly earnings of $0.43 per share which beat the analyst consensus estimate of $0.25 by 72 percent. The company reported quarterly sales of $375.46 million which beat the analyst consensus estimate of $328.12 million by 14.43 percent. This is a 13.65 percent increase over sales of $330.36 million the same period last year.

Earnings Beats

Universal Insurance Hldgs Q4 2023 Adj EPS $0.43 Beats $0.25 Estimate, Sales $375.46M Beat $328.12M Estimate

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Earnings Scheduled For February 22, 2024

Universal Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-22. Here's what investors need to know before the announcement.
Analysts estimate that Universal Insurance Hldgs will report an earnings per share (EPS) of $0.25. 
Universal Insurance Hldgs bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.13, which was followed by a 2.76% drop in the share price the next day.
Here's a look at Universal Insurance Hldgs's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.29</td>
<td>0.76</td>
<td>0.74</td>
<td>-0.49</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.16</td>
<td>0.87</td>
<td>0.79</td>
<td>0.72</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.76%</td>
<td>-7.13%</td>
<td>-17.8%</td>
<td>20.32%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708531339_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Universal Insurance Hldgs were trading at $17.41 as of February 20. Over the last 52-week period, shares are up 38.08%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/UVE/earnings">To track all earnings releases for Universal Insurance Hldgs visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Universal Insurance Hldgs

<h3>Understanding Value Stocks</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Below is a list of notable value stocks in the financial services sector:</h2>
<ol>
<li>Universal Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) - P/E: 7.01</li>
<li>Premier Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFC#NASDAQ">PFC</a>) - P/E: 6.85</li>
<li>Community Trust Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTBI#NASDAQ">CTBI</a>) - P/E: 8.68</li>
<li>First United (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUNC#NASDAQ">FUNC</a>) - P/E: 7.25</li>
<li>Sandy Spring Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SASR#NASDAQ">SASR</a>) - P/E: 8.66</li>
</ol>
Universal Insurance Hldgs saw a decrease in earnings per share from 0.87 in Q2 to $-0.16 now. Premier Financial saw an increase in earnings per share from 0.68 in Q2 to $0.69 now. Most recently, the company reported a dividend yield of 7.52%, which has increased by 1.03% from last quarter's yield of 6.49%.
Community Trust Bancorp saw a decrease in earnings per share from 1.15 in Q3 to $1.04 now. Most recently, the company reported a dividend yield of 5.06%, which has increased by 0.12% from last quarter's yield of 4.94%.
First United has reported Q3 earnings per share at $0.67, which has increased by 1.52% compared to Q2, which was 0.66. The company's most recent dividend yield sits at 4.41%, which has decreased by 0.53% from 4.94% last quarter. 
Sandy Spring Bancorp's earnings per share for Q3 sits at $0.62, whereas in Q2, they were at 0.6. Most recently, the company reported a dividend yield of 6.92%, which has increased by 1.51% from last quarter's yield of 5.41%.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

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5 Value Stocks In The Financial Services Sector

<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. 
<h3>Gainers</h3>
<ul>
<li>Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) stock increased by 3.43% to $6.33 during Wednesday's regular session. As of 12:40 EST, Heritage Insurance Hldgs's stock is trading at a volume of 200.9K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $185.3 million. </li>
<li>Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) shares moved upwards by 3.33% to $2.48. The current volume of 2.7K shares is 0% of Kingstone Companies's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $25.3 million. </li>
<li>HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) stock rose 2.0% to $86.44. As of 12:40 EST, HCI Group's stock is trading at a volume of 36.5K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $825.2 million. </li>
<li>Root (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) shares increased by 1.87% to $9.26. As of 12:40 EST, Root's stock is trading at a volume of 35.5K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $135.7 million. </li>
<li>Reliance Global Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) shares rose 1.8% to $0.51. The current volume of 22.1K shares is 0% of Reliance Global Group's average full-day volume over the last 100 days (last updated at 12:40 EST). The market value of their outstanding shares is at $1.8 million. </li>
<li>Universal Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) shares increased by 1.78% to $16.54. The current volume of 52.0K shares is 0% of Universal Insurance Hldgs's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $474.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Marpai (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAI#NASDAQ">MRAI</a>) stock declined by 8.17% to $0.84 during Wednesday's regular session. Trading volume for Marpai's stock is 42.5K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $7.4 million. </li>
<li>Trupanion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUP#NASDAQ">TRUP</a>) shares declined by 4.93% to $26.47. Trupanion's stock is trading at a volume of 268.5K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.1 billion. </li>
<li>Prudential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUK#NYSE">PUK</a>) stock declined by 3.83% to $19.73. Trading volume for Prudential's stock is 644.1K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $27.3 billion. </li>
<li>Huize Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUIZ#NASDAQ">HUIZ</a>) shares declined by 3.75% to $0.73. The current volume of 9.8K shares is 0% of Huize Holding's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $38.3 million. </li>
<li>Tian Ruixiang Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIRX#NASDAQ">TIRX</a>) stock fell 3.39% to $0.56. Trading volume for Tian Ruixiang Holdings's stock is 14.3K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $1.8 million. </li>
<li>Cheche Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCG#NASDAQ">CCG</a>) shares decreased by 3.27% to $6.07. The current volume of 2.7K shares is 0% of Cheche Group's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $456.8 million. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

TIRX

<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. 
<h3>Gainers</h3>
<ul>
<li>Investors Title (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITIC#NASDAQ">ITIC</a>) stock increased by 8.83% to $166.88 during Tuesday's regular session. Trading volume for this security as of 12:40 EST is 4.7K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $289.9 million. </li>
<li>Oxbridge Re Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OXBR#NASDAQ">OXBR</a>) shares moved upwards by 6.58% to $1.19. Oxbridge Re Holdings's stock is trading at a volume of 1.1K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $6.6 million. </li>
<li>Marpai (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAI#NASDAQ">MRAI</a>) stock increased by 6.53% to $2.12. Marpai's stock is trading at a volume of 157.5K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $17.0 million. </li>
<li>Lemonade (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) shares moved upwards by 5.39% to $18.16. Trading volume for this security as of 12:40 EST is 1.0 million, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $1.2 billion. </li>
<li>eHealth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHTH#NASDAQ">EHTH</a>) shares rose 5.38% to $8.81. Trading volume for this security as of 12:40 EST is 44.2K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $229.1 million. </li>
<li>Goosehead Insurance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSHD#NASDAQ">GSHD</a>) shares moved upwards by 4.6% to $77.2. Goosehead Insurance's stock is trading at a volume of 77.2K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.8 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Reliance Global Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) shares decreased by 5.76% to $0.59 during Tuesday's regular session. The current volume of 82.8K shares is 0% of Reliance Global Group's average full-day volume over the last 100 days (last updated at 12:40 EST). The market value of their outstanding shares is at $2.1 million. </li>
<li>Universal Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) stock declined by 1.68% to $15.86. Universal Insurance Hldgs's stock is trading at a volume of 68.0K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $470.7 million. </li>
<li>Tiptree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIPT#NASDAQ">TIPT</a>) shares declined by 1.35% to $18.28. The current volume of 10.9K shares is 0% of Tiptree's average full-day volume over the last 100 days (last updated at 12:40 EST). The market value of their outstanding shares is at $680.9 million. </li>
<li>Maiden Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MHLD#NASDAQ">MHLD</a>) shares fell 1.21% to $2.46. As of 12:40 EST, Maiden Hldgs's stock is trading at a volume of 69.4K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $251.3 million. </li>
<li>Reinsurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RGA#NYSE">RGA</a>) stock decreased by 1.01% to $162.78. As of 12:40 EST, Reinsurance Gr's stock is trading at a volume of 113.8K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $10.8 billion. </li>
<li>FG Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGFPP#NASDAQ">FGFPP</a>) stock declined by 0.68% to $15.1. Trading volume for FG Finl Gr's stock is 1.3K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. 
<h3>Gainers</h3>
<ul>
<li>Cheche Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCG#NASDAQ">CCG</a>) stock rose 13.8% to $6.25 during Tuesday's regular session. Trading volume for Cheche Group's stock is 12.1K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $440.9 million. </li>
<li>Marpai (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAI#NASDAQ">MRAI</a>) stock increased by 11.42% to $2.44. As of 12:40 EST, Marpai's stock is trading at a volume of 2.2 million, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $17.5 million. </li>
<li>Waterdrop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDH#NYSE">WDH</a>) stock rose 3.36% to $1.23. The current volume of 45.0K shares is 0% of Waterdrop's average full-day volume over the last 100 days (last updated at 12:40 EST). The market value of their outstanding shares is at $412.2 million. </li>
<li>Hippo Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIPO#NYSE">HIPO</a>) stock rose 2.59% to $8.69. Trading volume for this security as of 12:40 EST is 36.8K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $202.3 million. </li>
<li>Global Indemnity Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBLI#NYSE">GBLI</a>) stock moved upwards by 2.54% to $34.66. The current volume of 102 shares is 0% of Global Indemnity Group's average full-day volume over the last 100 days (last updated at 12:40 EST). The market value of their outstanding shares is at $477.3 million. </li>
<li>Skyward Specialty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKWD#NASDAQ">SKWD</a>) shares moved upwards by 2.26% to $32.47. Trading volume for this security as of 12:40 EST is 327.7K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $1.2 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>FG Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGFPP#NASDAQ">FGFPP</a>) shares fell 4.24% to $14.7 during Tuesday's regular session. As of 12:40 EST, FG Finl Gr's stock is trading at a volume of 729, which is 0% of its average full-day volume over the last 100 days. </li>
<li>Fidelis Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIHL#NYSE">FIHL</a>) stock fell 4.16% to $11.75. Trading volume for this security as of 12:40 EST is 131.6K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.3 billion. </li>
<li>F&amp;G Annuities &amp; Life (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FG#NYSE">FG</a>) stock declined by 2.97% to $41.96. F&amp;G Annuities &amp; Life's stock is trading at a volume of 35.5K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $5.4 billion. </li>
<li>eHealth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHTH#NASDAQ">EHTH</a>) stock declined by 2.74% to $7.46. Trading volume for this security as of 12:40 EST is 27.7K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $217.5 million. </li>
<li>Kinsale Cap Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNSL#NYSE">KNSL</a>) stock decreased by 2.73% to $360.11. Trading volume for this security as of 12:40 EST is 41.0K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $8.5 billion. </li>
<li>Universal Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) stock declined by 2.66% to $16.88. Trading volume for this security as of 12:40 EST is 49.0K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $498.4 million. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Boasting a hefty cash reserve and a stellar fiscal year performance, Warren Buffett's iconic investment powerhouse, Berkshire Hathaway (BRK.B), nearly touched a $1 trillion market cap recently. However, considering the CEO's cautionary note to investors and the looming threat of a lawsuit against its power company, should you be investing in the stock now? Keep reading to find out… Spearheaded by legendary investor Warren Buffett, conglomerate Berkshire Hathaway Inc. (<a href="https://stocknews.com/stock/BRK.B/">BRK.B</a>) is renowned for its exceptional investment portfolio. Moreover, the company has a track record of consistently surpassing benchmarks like the S&amp;P 500 with its stellar performance.
In a recent communication to BRK.B's shareholders, CEO Warren Buffet emphasized <a href="https://www.msn.com/en-in/money/topstories/4-400-000-return-and-a-168-billion-cash-pile-key-points-from-warren-buffett-s-letter/ar-BB1iWLtz?apiversion=v2&amp;noservercache=1&amp;domshim=1&amp;renderwebcomponents=1&amp;wcseo=1&amp;batchservertelemetry=1&amp;noservertelemetry=1">BRK.B's remarkable outperformance</a>, boasting a staggering return of 4,400,000% compared to the S&amp;P 500's 31,000% since he assumed leadership in 1965.
Additionally, the company's fourth-quarter results showcased an unprecedented surge in its cash reserves, reaching $167.60 billion, higher than the market cap of a few major corporations in the United States.
Riding high on its record-breaking fourth-quarter and fiscal year results, BRK.B's shares soared at the start of this week, almost reaching the $1 trillion market cap milestone. However, despite the company's impressive success so far, Buffett's shareholder letter injected a <a href="https://edition.cnn.com/2024/02/26/investing/berkshire-stock-record-profits-2023/index.html">note of caution</a> into the celebration.
Emphasizing the importance of moderate expectations, Buffet underscored BRK.B's enduring commitment to stability and longevity, indicating that the era of seismic deals and extraordinary performances might be waning. He cautioned investors against overly optimistic expectations, indicating that expecting anything beyond modest improvement would be wishful thinking.
Meanwhile, BRK.B revealed yesterday the <a href="https://www.msn.com/en-au/money/companies/berkshire-shares-dip-as-u-s-threatens-to-sue-unit-over-wildfire-costs/ar-BB1iURJI">looming threat of legal action by the U.S. government</a> against its subsidiary, PacifiCorp, alleging its failure to cover $356 million in costs associated with the 2020 Slater wildfire in southern Oregon and northern California.
In the wake of this disclosure, BRK.B's shares tumbled due to investor apprehensions, disrupting its ascent toward the $1 trillion market cap milestone. Presently, the stock commands a market cap of $885.77 billion.
BRK.B's shares have jumped 34.5% over the past year and 27.6% over the past nine months to close the last trading session at $408.91.
Here are the fundamental aspects of BRK.B that could influence its performance in the near term:
Strong Financials
For the fiscal fourth quarter, which ended on December 31, 2023, BRK.B's operating earnings increased 28% from the prior-year quarter to $8.48 billion. The company's attributable net earnings came in at $37.57 billion, up 107.8% from the year-ago value.
Meanwhile, BRK.B's total revenue for the fiscal year (ended December 31, 2023) increased 20.7% year-over-year to $364.48 billion. Also, its net earnings and <a href="https://www.investopedia.com/terms/c/comprehensiveincome.asp">comprehensive income</a> came in at $99.15 billion and $98.47 billion versus a net loss and comprehensive loss of $22 billion and $18.99 billion in the year-ago period, respectively.
Stretched Valuation
In terms of forward non-GAAP P/E, BRK.B is trading at 21.85x, 112.9% higher than the industry average of 10.26x. Likewise, its forward Price/Sales multiple of 2.46 is marginally higher than the industry average of 2.45x. Also, the stock's forward Price/Book ratio of 1.47x is 44.4% higher than the industry average of 1.02x.
Mixed Profitability
BRK.B's trailing-12-month net income and levered FCF margins of 26.40% and 19.15% are 12.2% and 3.3% higher than the 23.53% and 18.54% industry averages, respectively. On the other hand, the stock's trailing-12-month gross profit margin of 33.80% is 43.7% lower than the 60.08% industry average.
POWR Ratings Exhibit Uncertainty
BRK.B's fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, translating to Neutral in our proprietary rating system. The POWR Ratings are calculated by accounting for 118 distinct factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. BRK.B has a D grade for Value, justified by its higher-than-industry valuation metrics.
Whereas, the stock's B grade for Momentum is in sync with its share price currently trading higher than its 200-day moving average of $355.16 and 10-day moving average of $406.98. Meanwhile, BRK.B's C grade for Quality is consistent with its mixed profitability metrics.
In the B-rated <a href="https://stocknews.com/category/property-casualty-insurance/">Insurance - Property &amp; Casualty</a> industry, BRK.B is ranked #43 out of the 54 stocks.    
Beyond what we've stated above, we have also rated the stock for Growth, Stability, and Sentiment. Get all ratings of BRK.B <a href="https://stocknews.com/stock/BRK.B/">here</a>.
Bottom Line
Despite its recent near brush with the $1 trillion market cap milestone, a note of caution from CEO Warren Buffet casts a shadow of doubt on the company's potential to yield extraordinary returns in the future.
Moreover, BRK.B's mixed fundamentals and the recent setback triggered by the looming threat of a lawsuit from the U.S. government further contribute to the prevailing uncertainty surrounding the company's trajectory.
Nevertheless, despite all this, adopting an entirely pessimistic outlook on the company's shares might not be a wise move. It's important to acknowledge BRK.B's impressive resilience, financial prowess in the fourth quarter and fiscal year results, and consistent outperformance compared to the S&amp;P 500 index.
That being said, investors may want to consider keeping an eye on the stock for a potentially more favorable entry point.
How Does Berkshire Hathaway Inc. (BRK.B) Stack Up Against Its Peers?
While BRK.B has an overall grade of C, equating to a Neutral rating, you may check out other stocks within the <a href="https://stocknews.com/category/property-casualty-insurance/">Insurance - Property &amp; Casualty</a> industry: Unipol Gruppo S.p.A. (<a href="https://stocknews.com/stock/UFGSY/">UFGSY</a>), Mercury General Corporation (<a href="https://stocknews.com/stock/MCY/">MCY</a>), and Universal Insurance Holdings, Inc. (<a href="https://stocknews.com/stock/UVE/">UVE</a>), carrying A( Strong Buy) ratings. To explore more Insurance - Property &amp; Casualty stocks, <a href="https://stocknews.com/category/property-casualty-insurance/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

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BRK.B shares fell $1.76 (-0.43%) in premarket trading Wednesday. Year-to-date, BRK.B has gained 14.65%, versus a 6.65% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Anushka Mukherjee</h2> <img src='https:/wp-content/uploads/2023/06/Anushka-Mukherjee_Headshot-2.jpg' style="float:left; padding:5px;width:125px;">Anushka's ultimate aim is to equip investors with essential knowledge that empowers them to make well-informed investment choices and attain sustained financial prosperity in the long run.<a href="https://stocknews.com/authors/?author=anushka-mukherjee">More...</a>The post <a href=https://stocknews.com/news/brk-b-ufgsy-mcy-uve-is-berkshire-hathaway-brk-b-ready-to-rally/>Is Berkshire Hathaway (BRK.B) Ready to Rally?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Berkshire Hathaway (BRK.B) Ready to Rally?

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