Universal Insurance Holdings, Inc. (NYSE:UVE) insider Jon Springer sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $45.45, for a total value of $318,150.00. Following the transaction, the insider now owns 482,725 shares of the company’s stock, valued at approximately $21,939,851.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Jon Springer also recently made the following trade(s):
- On Tuesday, July 10th, Jon Springer sold 7,000 shares of Universal Insurance stock. The shares were sold at an average price of $35.52, for a total value of $248,640.00.
- On Thursday, May 17th, Jon Springer sold 18,926 shares of Universal Insurance stock. The shares were sold at an average price of $35.34, for a total transaction of $668,844.84.
Shares of Universal Insurance traded up $1.10, reaching $45.30, during trading on Thursday, Marketbeat reports. The company’s stock had a trading volume of 473,700 shares, compared to its average volume of 233,990. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.02. Universal Insurance Holdings, Inc. has a 12 month low of $15.07 and a 12 month high of $45.90. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 11.94 and a beta of 1.85.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 16th. Investors of record on Monday, July 2nd were issued a $0.16 dividend. This is an increase from Universal Insurance’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, June 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.41%.
Several large investors have recently made changes to their positions in UVE. Mount Yale Investment Advisors LLC bought a new position in shares of Universal Insurance in the 1st quarter valued at about $132,000. Victory Capital Management Inc. bought a new position in shares of Universal Insurance in the 1st quarter valued at about $193,000. Envestnet Asset Management Inc. lifted its holdings in shares of Universal Insurance by 10,484.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,245 shares of the insurance provider’s stock valued at $199,000 after acquiring an additional 6,186 shares during the last quarter. Successful Portfolios LLC bought a new position in shares of Universal Insurance in the 1st quarter valued at about $206,000. Finally, Advisor Group Inc. lifted its holdings in shares of Universal Insurance by 75.6% in the 4th quarter. Advisor Group Inc. now owns 7,717 shares of the insurance provider’s stock valued at $211,000 after acquiring an additional 3,323 shares during the last quarter. 71.60% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently commented on the stock. ValuEngine downgraded shares of Universal Insurance from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 18th. Keefe, Bruyette & Woods set a $35.00 price target on shares of Universal Insurance and gave the company a “buy” rating in a report on Tuesday, April 10th.
About Universal Insurance
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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