Universal Insurance Holdings CEO Sean P. Downes Unloads 20,000 Shares (UVE)
Universal Insurance Holdings (NYSE:UVE) CEO Sean P. Downes sold 20,000 shares of the company’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $12.36, for a total value of $247,200.00. Following the completion of the transaction, the chief executive officer now directly owns 2,008,349 shares of the company’s stock, valued at approximately $24,823,194. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Universal Insurance Holdings (NYSE:UVE) traded up 5.48% during mid-day trading on Tuesday, hitting $13.67. The stock had a trading volume of 452,351 shares. Universal Insurance Holdings has a one year low of $6.36 and a one year high of $15.42. The stock’s 50-day moving average is $12.99 and its 200-day moving average is $12.91. The company has a market cap of $456.9 million and a price-to-earnings ratio of 7.79.
Universal Insurance Holdings (NYSE:UVE) last announced its earnings results 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.
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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