Universal Insurance Holdings COO Unloads $53,360 in Stock (UVE)
Universal Insurance Holdings (NYSE:UVE) COO Jon Springer unloaded 4,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $13.34, for a total transaction of $53,360.00. Following the completion of the sale, the chief operating officer now directly owns 467,899 shares in the company, valued at approximately $6,241,773. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Universal Insurance Holdings (NYSE:UVE) traded down 0.68% during mid-day trading on Tuesday, hitting $13.18. 335,829 shares of the company’s stock traded hands. Universal Insurance Holdings has a 52 week low of $6.36 and a 52 week high of $15.42. The stock has a 50-day moving average of $12.88 and a 200-day moving average of $12.94. The company has a market cap of $440.5 million and a P/E ratio of 7.98.
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.
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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