Universal Insurance (NYSE:UVE) Reaches New 1-Year Low at $27.22

Universal Insurance Holdings, Inc. (NYSE:UVE) reached a new 52-week low on Tuesday . The stock traded as low as $27.22 and last traded at $27.45, with a volume of 17426 shares trading hands. The stock had previously closed at $27.48.

The firm’s fifty day simple moving average is $28.52. The stock has a market capitalization of $979.49 million, a PE ratio of 8.17 and a beta of 1.03. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.02.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Wednesday, July 3rd will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Tuesday, July 2nd.

In other news, CEO Sean P. Downes acquired 2,500 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were purchased at an average cost of $28.89 per share, with a total value of $72,225.00. Following the acquisition, the chief executive officer now directly owns 1,427,733 shares in the company, valued at approximately $41,247,206.37. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sean P. Downes acquired 3,000 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was purchased at an average cost of $28.91 per share, for a total transaction of $86,730.00. Following the completion of the acquisition, the chief executive officer now owns 1,430,733 shares in the company, valued at $41,362,491.03. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 15,500 shares of company stock worth $443,955. Insiders own 10.60% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. MBM Wealth Consultants LLC bought a new stake in shares of Universal Insurance during the 1st quarter worth $37,000. Quantamental Technologies LLC bought a new stake in shares of Universal Insurance during the 1st quarter worth $103,000. Advisors Asset Management Inc. lifted its position in shares of Universal Insurance by 11.0% during the 1st quarter. Advisors Asset Management Inc. now owns 4,124 shares of the insurance provider’s stock worth $128,000 after buying an additional 409 shares during the last quarter. Eukles Asset Management lifted its position in shares of Universal Insurance by 64.5% during the 1st quarter. Eukles Asset Management now owns 6,261 shares of the insurance provider’s stock worth $194,000 after buying an additional 2,454 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Universal Insurance by 50,569.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,587 shares of the insurance provider’s stock worth $204,000 after buying an additional 6,574 shares during the last quarter. 73.47% of the stock is currently owned by hedge funds and other institutional investors.

Universal Insurance Company Profile (NYSE:UVE)

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.

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