Universal Insurance Holdings COO Sells $34,974 in Stock (UVE)
Universal Insurance Holdings (NYSE:UVE) COO Jon Springer sold 2,900 shares of the company’s stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $12.06, for a total transaction of $34,974.00. Following the sale, the chief operating officer now directly owns 471,899 shares in the company, valued at approximately $5,691,102. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Universal Insurance Holdings (NYSE:UVE) traded down 3.11% on Tuesday, hitting $11.54. 578,543 shares of the company’s stock traded hands. Universal Insurance Holdings has a 1-year low of $6.36 and a 1-year high of $15.42. The stock’s 50-day moving average is $13.29 and its 200-day moving average is $12.55. The company has a market cap of $385.7 million and a price-to-earnings ratio of 7.16.
Universal Insurance Holdings (NYSE:UVE) last released its earnings data on Thursday, May 8th. The company reported $0.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.51 by $0.13. Analysts expect that Universal Insurance Holdings will post $1.68 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 3rd. Shareholders of record on Thursday, June 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 3.47%. The ex-dividend date of this dividend is Tuesday, June 17th.
Separately, analysts at Sidoti initiated coverage on shares of Universal Insurance Holdings in a research note on Thursday, April 3rd. They set a “buy” rating on the stock.
Universal Insurance Holdings, Inc (NYSE:UVE) is a vertically integrated insurance company.
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