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Universal Insurance Holdings (NYSE:UVE) COO Jon Springer sold 3,900 shares of the company’s stock on the open market in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $12.10, for a total transaction of $47,190.00. Following the sale, the chief operating officer now directly owns 362,299 shares in the company, valued at approximately $4,383,818. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of Universal Insurance Holdings (NYSE:UVE) traded down 4.43% during mid-day trading on Thursday, hitting $11.86. 882,269 shares of the company’s stock traded hands. Universal Insurance Holdings has a 1-year low of $11.69 and a 1-year high of $14.83. The stock’s 50-day moving average is $13.12 and its 200-day moving average is $13.12. The company has a market cap of $397.4 million and a price-to-earnings ratio of 10.15.

Universal Insurance Holdings, Inc (NYSE:UVE) is a vertically integrated insurance company.

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