Universal Insurance Holdings, Inc. (NYSE: UVE – Get Rating) CEO Sean P. Downs sold 20,000 shares of the company’s stock in a deal on Friday, June 24th. The shares were sold at an average price of $ 12.93, for a total transaction of $ 258,600.00. Following the completion of the transaction, the director now owns 1,401,539 shares of the company’s shares worth approximately $ 18,121,899.27. The transaction was disclosed in documentation at the Securities and Exchange Commission, which can be accessed through the SEC website.
NYSE: UVE traded up $ 0.19 during mid-day trading on Friday, reaching $ 12.96. 479,811 shares of the company’s shares were exchanged at an average volume of 253,569 shares. Universal Insurance Holdings, Inc. has a one-year low of $ 11.55 and a one-year high of $ 19.64. The company has a market capitalization of $ 401.06 million, a PE ratio of 36.00 and a beta of 1.10. The business’s 50-day simple moving average is $ 12.53, and its two-day simple moving average is $ 14.18. The company has a debt to equity ratio of 0.26, a fast ratio of 0.38 and a current ratio of 0.38.
Universal Insurance (NYSE: UVE – Get Rating) last published its results for the quarterly earnings on Thursday, April 28. The insurance provider reported earnings of $ 0.64 per share for the quarter, beating analysts’ consensus estimates of $ 0.55 by $ 0.09. Universal Insurance had a net margin of 1.01% and a return on equity of 2.77%. The company had revenue of $ 287.48 million for the quarter, compared to the consensus estimate of $ 291.07 million. During the same period last year, the company reported $ 0.84 EPS. As a group, stock analysts predict that Universal Insurance Holdings, Inc. will report 1.65 EPS for the current year.
The business also recently unveiled a three-month dividend that was paid on Friday (May 20th). The record shareholders on Friday, May 13, received a dividend of $ 0.16. The date of the former dividend of this dividend was Thursday, May 12. This represents a $ 0.64 annual dividend and a dividend yield of 4.94%. Universal Insurance’s dividend payout ratio is currently 177.78%.
A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in Universal Insurance by 9.0% in the first quarter. Dimensional Fund Advisors LP already owns 1,726,844 shares of the insurance provider’s shares worth $ 23,295,000 after purchasing an additional 142,189 shares in the last quarter. LSV Asset Management increased its position in Universal Insurance shares by 2.3% in the first quarter. LSV Asset Management now owns 1,298,695 shares of the insurance provider’s shares worth $ 17,519,000 after purchasing an additional 29,234 shares during the period. State Street Corp increased its position in shares of Universal Insurance by 22.4% in the first quarter. State Street Corp now owns 1,201,489 shares of the insurance provider’s shares worth $ 16,208,000 after purchasing an additional 219,723 shares during the period. Invesco Ltd. increased its position in the shares of Universal Insurance by 28.9% in the first quarter. Invesco Ltd. now owns 1,173,582 shares of the insurance provider’s shares worth $ 15,831,000 after purchasing an additional 263,456 shares during the period. Finally, Donald Smith & CO. Inc. increased its position in shares of Universal Insurance by 14.2% in the first quarter. Donald Smith & CO. Inc. now owns 896,047 shares of the insurance provider’s shares worth $ 12,088,000 after purchasing an additional 111,148 shares during the period. Institutional investors and hedge funds own 65.84% of the company’s shares.
Separately, StockNews.com raised shares of Universal Insurance from a “hold” rating to a “buy” rating in a report on Wednesday, May 4.
About universal insurance (Get a 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 takes on insurance products for personal home insurance, such as homeowners, tenants / tenants, apartment owners and home / fire; and offers connected lines, coverage for other structures and coverage of personal property, liability and personal items.
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