Universal Insurance Holdings CEO Sean P. Downes Sells 5,300 Shares (UVE)
Universal Insurance Holdings (NYSE:UVE) CEO Sean P. Downes unloaded 5,300 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $12.02, for a total value of $63,706.00. Following the completion of the sale, the chief executive officer now directly owns 1,550,088 shares of the company’s stock, valued at approximately $18,632,058. The sale was disclosed in a document filed with the SEC, which is available at this link.
Universal Insurance Holdings (NYSE:UVE) traded up 0.95% during mid-day trading on Tuesday, hitting $11.73. The stock had a trading volume of 179,059 shares. Universal Insurance Holdings has a 1-year low of $9.71 and a 1-year high of $14.83. The stock has a 50-day moving average of $12.05 and a 200-day moving average of $12.28. The company has a market cap of $393.1 million and a P/E ratio of 9.50.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 3rd. Stockholders of record on Wednesday, February 19th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Universal Insurance Holdings’s previous quarterly dividend of $0.08.
Universal Insurance Holdings, Inc (NYSE:UVE) is a vertically integrated insurance company.