Insider Selling: Sean P. Downes Sells 20,000 Shares of Universal Insurance Holdings Stock (UVE)
Universal Insurance Holdings (NYSE:UVE) CEO Sean P. Downes sold 20,000 shares of the stock on the open market in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is available at this link.
Universal Insurance Holdings (NYSE:UVE) traded down 1.41% on Wednesday, hitting $13.28. 32,665 shares of the company’s stock traded hands. Universal Insurance Holdings has a 1-year low of $6.36 and a 1-year high of $15.42. The stock has a 50-day moving average of $12.75 and a 200-day moving average of $12.96. The company has a market cap of $451.1 million and a P/E ratio of 7.90.
Universal Insurance Holdings (NYSE:UVE) last announced its earnings results on Wednesday, August 6th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.12.
Universal Insurance Holdings, Inc (NYSE:UVE) is a vertically integrated insurance company.
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