Insider Buying: Universal Insurance Holdings, Inc. (NYSE:UVE) CEO Purchases 3,000 Shares of Stock

Universal Insurance Holdings, Inc. (NYSE:UVE) CEO Sean P. Downes bought 3,000 shares of the stock in a transaction on Friday, June 14th. The stock was purchased at an average price of $28.91 per share, for a total transaction of $86,730.00. Following the purchase, the chief executive officer now directly owns 1,430,733 shares of the company’s stock, valued at $41,362,491.03. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

NYSE UVE traded down $0.35 on Friday, reaching $28.95. The stock had a trading volume of 142,913 shares, compared to its average volume of 187,819. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.57 and a quick ratio of 0.57. Universal Insurance Holdings, Inc. has a 1 year low of $27.53 and a 1 year high of $50.50. The company has a market capitalization of $1.02 billion, a P/E ratio of 8.47 and a beta of 1.15.

Universal Insurance (NYSE:UVE) last issued its earnings results on Wednesday, April 24th. The insurance provider reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. Universal Insurance had a return on equity of 25.99% and a net margin of 13.48%. The firm had revenue of $236.59 million for the quarter.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Wednesday, July 3rd will be paid a $0.16 dividend. The ex-dividend date is Tuesday, July 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 2.21%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Nordea Investment Management AB grew its stake in Universal Insurance by 34.9% in the first quarter. Nordea Investment Management AB now owns 140,213 shares of the insurance provider’s stock valued at $4,347,000 after purchasing an additional 36,286 shares in the last quarter. Man Group plc grew its stake in Universal Insurance by 1.1% in the first quarter. Man Group plc now owns 84,347 shares of the insurance provider’s stock valued at $2,615,000 after purchasing an additional 888 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Universal Insurance by 11.0% in the first quarter. Advisors Asset Management Inc. now owns 4,124 shares of the insurance provider’s stock valued at $128,000 after purchasing an additional 409 shares in the last quarter. SEI Investments Co grew its stake in Universal Insurance by 94.7% in the first quarter. SEI Investments Co now owns 4,860 shares of the insurance provider’s stock valued at $149,000 after purchasing an additional 2,364 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. grew its stake in Universal Insurance by 2.2% in the first quarter. Cornercap Investment Counsel Inc. now owns 46,815 shares of the insurance provider’s stock valued at $1,451,000 after purchasing an additional 1,010 shares in the last quarter. Hedge funds and other institutional investors own 73.56% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Insider Buying: Universal Insurance Holdings, Inc. (NYSE:UVE) CEO Purchases 3,000 Shares of Stock” was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright law. The original version of this news story can be viewed at https://www.com-unik.info/2019/06/15/insider-buying-universal-insurance-holdings-inc-nyseuve-ceo-purchases-3000-shares-of-stock.html.

About Universal Insurance

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 homeowner's insurance. It also provides personal residential insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire, and commercial residential multi-peril; and allied lines, coverage for other structures, and personal property, as well as liability and personal articles coverages.

Featured Story: Bar Chart

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

Receive News & Ratings for Universal Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Insurance and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit