Universal Insurance Holdings, Inc. (NYSE:UVE) Director Sean P. Downes bought 1,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was purchased at an average price of $28.61 per share, with a total value of $28,610.00. Following the completion of the purchase, the director now owns 1,463,553 shares of the company’s stock, valued at $41,872,251.33. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
UVE traded up $0.20 during trading on Wednesday, hitting $28.52. The stock had a trading volume of 238,807 shares, compared to its average volume of 232,149. The company has a market capitalization of $940.51 million, a PE ratio of 10.43 and a beta of 0.85. Universal Insurance Holdings, Inc. has a twelve month low of $23.57 and a twelve month high of $43.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a 50 day simple moving average of $29.06 and a two-hundred day simple moving average of $28.12.
Universal Insurance (NYSE:UVE) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.11. The company had revenue of $229.64 million during the quarter. Universal Insurance had a net margin of 9.94% and a return on equity of 22.28%.
UVE has been the subject of several recent analyst reports. TheStreet downgraded shares of Universal Insurance from a “b-” rating to a “c” rating in a research note on Thursday, August 15th. ValuEngine upgraded shares of Universal Insurance from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Finally, Keefe, Bruyette & Woods downgraded shares of Universal Insurance from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $30.00 to $27.00 in a research note on Sunday, November 3rd.
Institutional investors and hedge funds have recently made changes to their positions in the business. Point72 Hong Kong Ltd acquired a new stake in Universal Insurance in the second quarter valued at approximately $29,000. NumerixS Investment Technologies Inc boosted its stake in Universal Insurance by 137.5% in the second quarter. NumerixS Investment Technologies Inc now owns 1,900 shares of the insurance provider’s stock valued at $53,000 after acquiring an additional 1,100 shares in the last quarter. Reilly Financial Advisors LLC acquired a new stake in Universal Insurance in the third quarter valued at approximately $90,000. Assetmark Inc. raised its holdings in shares of Universal Insurance by 1,365.2% in the second quarter. Assetmark Inc. now owns 4,000 shares of the insurance provider’s stock worth $112,000 after buying an additional 3,727 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Universal Insurance by 135.2% in the second quarter. Bank of Montreal Can now owns 4,476 shares of the insurance provider’s stock worth $125,000 after buying an additional 2,573 shares during the last quarter. Institutional investors own 73.38% of the company’s stock.
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.
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