Universal Insurance Holdings, Inc. (NYSE:UVE) Director Michael Pietrangelo Sells 12,351 Shares

Universal Insurance Holdings, Inc. (NYSE:UVE) Director Michael Pietrangelo sold 12,351 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $20.43, for a total transaction of $252,330.93. Following the completion of the sale, the director now owns 80,074 shares in the company, valued at approximately $1,635,911.82. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Universal Insurance Stock Up 0.6 %

Shares of NYSE UVE opened at $20.69 on Tuesday. Universal Insurance Holdings, Inc. has a one year low of $11.15 and a one year high of $22.38. The stock has a market capitalization of $595.87 million, a P/E ratio of 8.11 and a beta of 0.84. The firm’s 50 day simple moving average is $19.74 and its two-hundred day simple moving average is $17.81. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.44 and a quick ratio of 0.44.

Universal Insurance (NYSE:UVE) last posted its quarterly earnings results on Thursday, February 22nd. The insurance provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.20. The business had revenue of $375.46 million during the quarter, compared to the consensus estimate of $328.12 million. Universal Insurance had a net margin of 5.29% and a return on equity of 19.67%. As a group, analysts expect that Universal Insurance Holdings, Inc. will post 2.3 EPS for the current fiscal year.

Universal Insurance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be paid a $0.16 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.64 dividend on an annualized basis and a yield of 3.09%. Universal Insurance’s dividend payout ratio (DPR) is currently 25.10%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on UVE. StockNews.com upgraded shares of Universal Insurance from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 4th. Piper Sandler restated an “overweight” rating and issued a $25.00 price objective on shares of Universal Insurance in a research note on Monday, April 1st. Finally, TheStreet upgraded Universal Insurance from a “c+” rating to a “b” rating in a research note on Monday, February 26th.

Institutional Trading of Universal Insurance

A number of institutional investors have recently made changes to their positions in the stock. AJOVista LLC bought a new stake in Universal Insurance during the 4th quarter valued at $25,000. Versor Investments LP purchased a new position in shares of Universal Insurance during the 3rd quarter worth approximately $140,000. Tompkins Financial Corp bought a new position in Universal Insurance in the third quarter worth $153,000. Laurion Capital Management LP purchased a new position in Universal Insurance during the third quarter valued at $154,000. Finally, Olympiad Research LP bought a new position in shares of Universal Insurance during the third quarter valued at $174,000. Hedge funds and other institutional investors own 66.61% of the company’s stock.

Universal Insurance Company Profile

Universal Insurance Holdings, Inc, together with its subsidiaries, operates as an integrated insurance holding company in the United States. It develops, markets, and underwrites insurance products for personal residential insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire; and offers allied lines, coverage for other structures, and personal property, liability, and personal articles coverages.