Hurricane Milton Roils Universal Insurance Stock -- WSJ

Dow Jones10-10

By Heather Gillers

Shares in a major Florida insurer jumped Thursday, after Hurricane Milton made landfall as a less powerful storm than originally expected.

Universal Insurance Holdings $(UVE)$, the state's largest private provider of homeowners insurance, has been on a wild ride recently, crashing 19% Monday amid concerns about the hit from Milton.

Big insurers have been pulling back in Florida for decades, and the largest insurer of homes is now a state-created nonprofit, Citizens Property Insurance Corp. Universal, with a market value of slightly less than $500 million as of Wednesday's close, is number two.

A spokesman said the company is well prepared, with nearly three decades of providing property insurance in Florida.

This year had generally been good for home and auto insurers, thanks to price increases and better bond returns on investment portfolios. Even before Thursday's rebound, Universal's stock was up about 6% this year.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

October 10, 2024 10:41 ET (14:41 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2474742428?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-10 22:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2474742428","market":"us","top_or_hot":-1,"title":"Hurricane Milton Roils Universal Insurance Stock -- WSJ","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Heather Gillers \n</p>\n<p>\n     Shares in a major Florida insurer jumped Thursday, after Hurricane Milton made landfall as a less powerful storm than originally expected. \n</p>\n<p>\n     Universal Insurance Holdings <a href=\"https://laohu8.com/S/UVE\">$(UVE)$</a>, the state's largest private provider of homeowners insurance, has been on a wild ride recently, crashing 19% Monday amid concerns about the hit from Milton. \n</p>\n<p>\n     Big insurers have been pulling back in Florida for decades, and the largest insurer of homes is now a state-created nonprofit, Citizens Property Insurance Corp. Universal, with a market value of slightly less than $500 million as of Wednesday's close, is number two. \n</p>\n<p>\n     A spokesman said the company is well prepared, with nearly three decades of providing property insurance in Florida. \n</p>\n<p>\n     This year had generally been good for home and auto insurers, thanks to price increases and better bond returns on investment portfolios. Even before Thursday's rebound, Universal's stock was up about 6% this year. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 10, 2024 10:41 ET (14:41 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hurricane Milton Roils Universal Insurance Stock -- WSJ</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHurricane Milton Roils Universal Insurance Stock -- WSJ\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-10 22:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Heather Gillers \n\n\n     Shares in a major Florida insurer jumped Thursday, after Hurricane Milton made landfall as a less powerful storm than originally expected. \n\n\n     Universal Insurance ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UVE","symbol_name":"万全保险","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2474742428","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474742428","pubTimestamp":1728571260,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares in a major Florida insurer jumped Thursday, after Hurricane Milton made landfall as a less powerful storm than originally expected.Universal Insurance Holdings , the state's largest private provider of homeowners insurance, has been on a wild ride recently, crashing 19% Monday amid concerns about the hit from Milton.Big insurers have been pulling back in Florida for decades, and the largest insurer of homes is now a state-created nonprofit, Citizens Property Insurance Corp. Universal, with a market value of slightly less than $500 million as of Wednesday's close, is number two.A spokesman said the company is well prepared, with nearly three decades of providing property insurance in Florida.This year had generally been good for home and auto insurers, thanks to price increases and better bond returns on investment portfolios. Even before Thursday's rebound, Universal's stock was up about 6% this year.This item is part of a Wall Street Journal live coverage event. The full stream","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"UVE":"万全保险","BK4107":"财产与意外伤害保险"},"translate_title":"飓风米尔顿扰乱万能保险股票——华尔街日报","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UVE":1},"content_text":"By Heather Gillers \n\n\n     Shares in a major Florida insurer jumped Thursday, after Hurricane Milton made landfall as a less powerful storm than originally expected. \n\n\n     Universal Insurance Holdings $(UVE)$, the state's largest private provider of homeowners insurance, has been on a wild ride recently, crashing 19% Monday amid concerns about the hit from Milton. \n\n\n     Big insurers have been pulling back in Florida for decades, and the largest insurer of homes is now a state-created nonprofit, Citizens Property Insurance Corp. Universal, with a market value of slightly less than $500 million as of Wednesday's close, is number two. \n\n\n     A spokesman said the company is well prepared, with nearly three decades of providing property insurance in Florida. \n\n\n     This year had generally been good for home and auto insurers, thanks to price increases and better bond returns on investment portfolios. Even before Thursday's rebound, Universal's stock was up about 6% this year. \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  October 10, 2024 10:41 ET (14:41 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474742428"}