Universal Insurance Holdings, Inc. (NYSE:UVE – Get Free Report) Chairman Sean P. Downes sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $20.51, for a total value of $1,025,500.00. Following the completion of the transaction, the chairman now directly owns 985,320 shares in the company, valued at $20,208,913.20. The trade was a 4.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Universal Insurance Stock Down 2.2 %
Shares of UVE opened at $20.59 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $582.41 million, a PE ratio of 8.37 and a beta of 0.92. The firm’s 50 day moving average is $21.46 and its 200-day moving average is $20.43. Universal Insurance Holdings, Inc. has a 12 month low of $15.78 and a 12 month high of $23.39.
Universal Insurance (NYSE:UVE – Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The insurance provider reported ($0.73) EPS for the quarter, topping analysts’ consensus estimates of ($1.03) by $0.30. The firm had revenue of $387.55 million for the quarter, compared to analyst estimates of $341.98 million. Universal Insurance had a return on equity of 15.43% and a net margin of 4.82%. During the same quarter last year, the company earned ($0.16) EPS. Equities research analysts forecast that Universal Insurance Holdings, Inc. will post 1.66 EPS for the current year.
Universal Insurance Cuts Dividend
Hedge Funds Weigh In On Universal Insurance
Several hedge funds have recently bought and sold shares of UVE. Geode Capital Management LLC increased its stake in Universal Insurance by 7.7% in the third quarter. Geode Capital Management LLC now owns 689,767 shares of the insurance provider’s stock valued at $15,289,000 after acquiring an additional 49,123 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Universal Insurance by 44.5% in the 2nd quarter. American Century Companies Inc. now owns 469,803 shares of the insurance provider’s stock valued at $8,814,000 after purchasing an additional 144,647 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Universal Insurance by 283.0% in the 2nd quarter. Bank of Montreal Can now owns 374,487 shares of the insurance provider’s stock valued at $7,040,000 after purchasing an additional 276,700 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Universal Insurance by 22.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 347,395 shares of the insurance provider’s stock worth $7,698,000 after buying an additional 63,582 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Universal Insurance by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 300,379 shares of the insurance provider’s stock valued at $5,635,000 after buying an additional 13,856 shares in the last quarter. 66.61% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Universal Insurance from a “hold” rating to a “buy” rating in a report on Sunday, November 10th.
Get Our Latest Stock Analysis on UVE
About Universal Insurance
Universal Insurance Holdings, Inc, together with its subsidiaries, operates as an integrated insurance holding company in the United States. It develops, markets, and underwrites insurance products for personal residential insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire; and offers allied lines, coverage for other structures, and personal property, liability, and personal articles coverages.
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