Why Universal Insurance Holdings Stock Is Jumping Today

Shares of Universal Insurance Holdings (NYSE: UVE) are trading higher by about 15.5% as of 1:01 p.m. EDT, as investors believe Hurricane Irma-related losses will come in lower than estimated at market close on Friday. The insurance company is most exposed to Florida, where roughly 76% of its total insured value is located, making it a popular stock among investors eager to bet on the financial losses caused by Hurricane Irma.

Universal Insurance Holdings derives the bulk of its premiums from policies attached to personal residences and property in the state of Florida. The table below was derived from its most recent quarterly report.

Location

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Source: Fool.com