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Universal Insurance Holdings (NYSE:UVE) Director Ralph J. Palmieri purchased 1,500 shares of the company’s stock in a transaction dated Tuesday, June 10th. The shares were purchased at an average price of $12.99 per share, for a total transaction of $19,485.00. Following the purchase, the director now directly owns 1,500 shares of the company’s stock, valued at approximately $19,485. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 (NYSE:UVE) traded up 0.79% during mid-day trading on Thursday, hitting $12.83. 44,218 shares of the company’s stock traded hands. Universal Insurance Holdings has a one year low of $6.36 and a one year high of $15.42. The stock has a 50-day moving average of $13.06 and a 200-day moving average of $12.87. The company has a market cap of $428.8 million and a P/E ratio of 7.65.

Universal Insurance Holdings (NYSE:UVE) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.13. On average, analysts predict that Universal Insurance Holdings will post $1.68 earnings per share for the current fiscal year.

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

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