Universal Insurance Holdings, Inc. (NYSE:UVE – Get Rating) Director Sean P. Downes sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $12.46, for a total transaction of $249,200.00. Following the completion of the sale, the director now owns 1,381,539 shares of the company’s stock, valued at $17,213,975.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Universal Insurance Stock Performance
Shares of NYSE:UVE traded up $0.25 on Friday, hitting $12.87. 100,615 shares of the company were exchanged, compared to its average volume of 231,278. Universal Insurance Holdings, Inc. has a 1-year low of $11.27 and a 1-year high of $19.64. The stock’s 50 day moving average price is $12.45 and its 200 day moving average price is $12.95. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $395.31 million, a P/E ratio of -128.70 and a beta of 0.97.
Universal Insurance (NYSE:UVE – Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The insurance provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.38 by $0.09. Universal Insurance had a negative net margin of 0.26% and a positive return on equity of 1.60%. The business had revenue of $292.01 million during the quarter, compared to the consensus estimate of $296.81 million. Sell-side analysts predict that Universal Insurance Holdings, Inc. will post 1.35 EPS for the current year.
Universal Insurance Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 9th. Investors of record on Tuesday, August 2nd were issued a dividend of $0.16 per share. The ex-dividend date was Monday, August 1st. This represents a $0.64 annualized dividend and a dividend yield of 4.97%. Universal Insurance’s dividend payout ratio (DPR) is presently -640.00%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in UVE. Invesco Ltd. raised its holdings in shares of Universal Insurance by 139.8% during the fourth quarter. Invesco Ltd. now owns 910,126 shares of the insurance provider’s stock worth $15,473,000 after purchasing an additional 530,611 shares during the last quarter. State Street Corp raised its holdings in shares of Universal Insurance by 22.4% during the first quarter. State Street Corp now owns 1,201,489 shares of the insurance provider’s stock worth $16,208,000 after purchasing an additional 219,723 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Universal Insurance during the fourth quarter worth $3,431,000. Dimensional Fund Advisors LP raised its holdings in shares of Universal Insurance by 9.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,726,844 shares of the insurance provider’s stock worth $23,295,000 after purchasing an additional 142,189 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Universal Insurance during the first quarter worth $1,874,000. Hedge funds and other institutional investors own 65.84% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Universal Insurance from a “hold” rating to a “buy” rating in a research note on Saturday, August 6th.
Universal Insurance Company Profile
(Get Rating)
Universal Insurance Holdings, Inc, together with its subsidiaries, operates as an integrated insurance holding company in the United States. The company 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.
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Sean P. Downes Sells 20,000 Shares of Universal Insurance Holdings, Inc. (NYSE:UVE) Stock & Latest News Update
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