Insider Selling: Sean P. Downes Unloads 20,000 Shares of Universal Insurance Holdings Stock (UVE)
Universal Insurance Holdings (NYSE:UVE) CEO Sean P. Downes sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $13.16, for a total transaction of $263,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,968,349 shares of the company’s stock, valued at approximately $25,903,473. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Universal Insurance Holdings (NYSE:UVE) traded up 0.07% during mid-day trading on Monday, hitting $13.35. 297,511 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’s 50-day moving average is $12.72 and its 200-day moving average is $12.91. The company has a market cap of $453.5 million and a price-to-earnings ratio of 7.82.
Universal Insurance Holdings (NYSE:UVE) last announced its earnings results on Wednesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.12.
Universal Insurance Holdings, Inc (NYSE:UVE) is a vertically integrated insurance company.
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