Universal Insurance Holdings, Inc. (NYSE:UVE) Director Michael Pietrangelo purchased 2,500 shares of the company’s stock in a transaction on Friday, November 8th. The stock was acquired at an average cost of $29.74 per share, for a total transaction of $74,350.00. Following the completion of the transaction, the director now owns 90,583 shares in the company, valued at $2,693,938.42. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of UVE traded up $0.24 on Tuesday, reaching $30.64. 700 shares of the stock traded hands, compared to its average volume of 194,152. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 10.81 and a beta of 0.86. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.61 and a quick ratio of 0.61. Universal Insurance Holdings, Inc. has a 12 month low of $23.57 and a 12 month high of $45.71. The stock’s 50-day moving average price is $28.85 and its 200-day moving average price is $28.14.
Universal Insurance (NYSE:UVE) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.11. The business had revenue of $229.64 million for the quarter. Universal Insurance had a return on equity of 22.28% and a net margin of 9.94%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in UVE. Jefferies Group LLC acquired a new stake in Universal Insurance in the 2nd quarter valued at $575,000. UBS Asset Management Americas Inc. boosted its stake in Universal Insurance by 49.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 33,491 shares of the insurance provider’s stock valued at $934,000 after buying an additional 11,112 shares in the last quarter. James Investment Research Inc. boosted its stake in Universal Insurance by 3.4% in the 2nd quarter. James Investment Research Inc. now owns 23,460 shares of the insurance provider’s stock valued at $655,000 after buying an additional 770 shares in the last quarter. Jennison Associates LLC acquired a new stake in Universal Insurance in the 2nd quarter valued at $756,000. Finally, SG Americas Securities LLC boosted its stake in Universal Insurance by 89.7% in the 2nd quarter. SG Americas Securities LLC now owns 34,041 shares of the insurance provider’s stock valued at $950,000 after buying an additional 16,101 shares in the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.
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 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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