Universal Insurance Holdings Director Acquires $19,485 in Stock (UVE)
Universal Insurance Holdings (NYSE:UVE) Director Ralph J. Palmieri purchased 1,500 shares of Universal Insurance Holdings stock on the open market in a transaction dated Tuesday, June 10th. The stock was 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 in the company, valued at approximately $19,485. The acquisition was disclosed in a document filed with the SEC, 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) opened at 12.98 on Friday. Universal Insurance Holdings has a 52 week low of $6.36 and a 52 week high of $15.42. The stock’s 50-day moving average is $13.02 and its 200-day moving average is $12.8. The company has a market cap of $433.8 million and a P/E ratio of 7.65.
Universal Insurance Holdings (NYSE:UVE) last announced its earnings results on Thursday, May 8th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters 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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