Insider Selling: Universal Insurance Holdings COO Unloads 4,000 Shares of Stock (UVE)
Universal Insurance Holdings (NYSE:UVE) COO Jon Springer sold 4,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $13.49, for a total transaction of $53,960.00. Following the sale, the chief operating officer now directly owns 459,899 shares in the company, valued at approximately $6,204,038. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Universal Insurance Holdings (NYSE:UVE) traded up 2.87% on Monday, hitting $13.98. 255,492 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 $12.79 and a 200-day moving average of $12.99. The company has a market cap of $474.9 million and a price-to-earnings ratio of 7.97.
Universal Insurance Holdings (NYSE:UVE) last released its earnings data on Wednesday, August 6th. The company reported $0.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.12.
Universal Insurance Holdings, Inc (NYSE:UVE) is a vertically integrated insurance company.
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