Insider Selling: Universal Insurance Holdings, Inc. (UVE) Insider Sells $219,660.00 in Stock

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Universal Insurance Holdings, Inc. (NYSE:UVE) insider Jon Springer sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $31.38, for a total value of $219,660.00. Following the completion of the sale, the insider now owns 468,036 shares of the company’s stock, valued at approximately $14,686,969.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Jon Springer also recently made the following trade(s):

  • On Monday, February 11th, Jon Springer sold 7,000 shares of Universal Insurance stock. The stock was sold at an average price of $38.30, for a total value of $268,100.00.
  • On Thursday, January 10th, Jon Springer sold 7,000 shares of Universal Insurance stock. The stock was sold at an average price of $38.34, for a total value of $268,380.00.

Shares of UVE stock opened at $31.64 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.02. Universal Insurance Holdings, Inc. has a 12 month low of $30.30 and a 12 month high of $50.50. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 8.76 and a beta of 1.24.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 25th. Shareholders of record on Monday, March 11th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.02%.

Several institutional investors have recently bought and sold shares of UVE. First Trust Advisors LP lifted its position in shares of Universal Insurance by 38.9% during the 3rd quarter. First Trust Advisors LP now owns 65,054 shares of the insurance provider’s stock worth $3,158,000 after buying an additional 18,218 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Universal Insurance by 23.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 81,851 shares of the insurance provider’s stock worth $3,973,000 after buying an additional 15,741 shares during the period. Victory Capital Management Inc. lifted its position in shares of Universal Insurance by 59.5% during the 3rd quarter. Victory Capital Management Inc. now owns 11,198 shares of the insurance provider’s stock worth $544,000 after buying an additional 4,178 shares during the period. Virginia Retirement Systems ET AL lifted its position in shares of Universal Insurance by 72.2% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 21,700 shares of the insurance provider’s stock worth $1,054,000 after buying an additional 9,100 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of Universal Insurance by 84.1% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 40,113 shares of the insurance provider’s stock worth $1,941,000 after buying an additional 18,328 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

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Universal Insurance Company Profile

Universal Insurance Holdings, Inc, together with its subsidiaries, operates as an integrated insurance holding company in the United States. The company primarily offers personal residential homeowner's insurance. It also underwrites homeowner's multi-peril insurance; and fire, commercial multi-peril, and other liability lines of business.

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

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