Jon Springer Sells 7,000 Shares of Universal Insurance Holdings, Inc. (UVE) Stock

Universal Insurance Holdings, Inc. (NYSE:UVE) insider Jon Springer sold 7,000 shares of the business’s stock in a transaction on Wednesday, October 10th. The shares were sold at an average price of $46.64, for a total transaction of $326,480.00. Following the completion of the transaction, the insider now directly owns 444,330 shares of the company’s stock, valued at approximately $20,723,551.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Jon Springer also recently made the following trade(s):

  • On Monday, September 10th, Jon Springer sold 7,000 shares of Universal Insurance stock. The shares were sold at an average price of $44.68, for a total transaction of $312,760.00.
  • On Friday, August 10th, Jon Springer sold 7,000 shares of Universal Insurance stock. The shares were sold at an average price of $45.15, for a total transaction of $316,050.00.
  • On Tuesday, July 31st, Jon Springer sold 7,000 shares of Universal Insurance stock. The shares were sold at an average price of $45.45, for a total transaction of $318,150.00.

Shares of UVE stock traded down $0.23 on Friday, hitting $45.12. The stock had a trading volume of 344,900 shares, compared to its average volume of 235,493. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 13.05 and a beta of 1.83. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.02. Universal Insurance Holdings, Inc. has a twelve month low of $22.95 and a twelve month high of $50.50.

Universal Insurance (NYSE:UVE) last announced its earnings results on Wednesday, July 25th. The insurance provider reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.25. The firm had revenue of $209.79 million during the quarter. Universal Insurance had a net margin of 16.71% and a return on equity of 29.16%.

UVE has been the subject of several research analyst reports. ValuEngine lowered shares of Universal Insurance from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. Keefe, Bruyette & Woods lowered shares of Universal Insurance from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $39.00 to $44.00 in a report on Friday, July 27th.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sun Life Financial INC acquired a new position in Universal Insurance in the 2nd quarter worth $237,000. State Board of Administration of Florida Retirement System boosted its stake in Universal Insurance by 57.7% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 48,047 shares of the insurance provider’s stock worth $1,686,000 after purchasing an additional 17,577 shares during the period. Epoch Investment Partners Inc. acquired a new position in Universal Insurance in the 2nd quarter worth $17,978,000. Principal Financial Group Inc. boosted its stake in Universal Insurance by 3.5% in the 1st quarter. Principal Financial Group Inc. now owns 249,446 shares of the insurance provider’s stock worth $7,957,000 after purchasing an additional 8,524 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Universal Insurance by 20.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 66,110 shares of the insurance provider’s stock worth $2,320,000 after purchasing an additional 11,392 shares during the period. 73.87% of the stock is owned by hedge funds and other institutional investors.

Universal Insurance Company Profile

Universal Insurance Holdings, Inc, together with its subsidiaries, operates as an integrated insurance holding company in the United States. The company primarily offers personal residential homeowner's insurance. It also underwrites homeowner's multi-peril insurance; and fire, commercial multi-peril, and other liability lines of business.

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Insider Buying and Selling by Quarter for Universal Insurance (NYSE:UVE)

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