Universal Insurance Holdings, Inc. (NYSE:UVE) Director Sean P. Downes purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were purchased at an average price of $28.61 per share, for a total transaction of $28,610.00. Following the completion of the transaction, the director now directly owns 1,463,553 shares of the company’s stock, valued at $41,872,251.33. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
NYSE:UVE opened at $28.83 on Friday. The firm has a market capitalization of $957.47 million, a P/E ratio of 10.43 and a beta of 0.85. 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 one year low of $23.57 and a one year high of $43.24. The company’s 50-day simple moving average is $29.09 and its 200 day simple moving average is $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 Zacks’ consensus estimate of $0.50 by $0.11. Universal Insurance had a net margin of 9.94% and a return on equity of 22.28%. The business had revenue of $229.64 million during the quarter.
A number of equities analysts have issued reports on UVE shares. ValuEngine upgraded Universal Insurance from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. TheStreet downgraded shares of Universal Insurance from a “b-” rating to a “c” rating in a research report on Thursday, August 15th. Finally, Keefe, Bruyette & Woods downgraded shares of Universal Insurance from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $30.00 to $27.00 in a research report on Sunday, November 3rd.
Several institutional investors have recently bought and sold shares of the stock. James Investment Research Inc. grew its stake in shares of Universal Insurance by 3.4% in the second quarter. James Investment Research Inc. now owns 23,460 shares of the insurance provider’s stock worth $655,000 after acquiring an additional 770 shares during the last quarter. Capital Asset Advisory Services LLC raised its position in shares of Universal Insurance by 11.1% in the 3rd quarter. Capital Asset Advisory Services LLC now owns 8,474 shares of the insurance provider’s stock worth $254,000 after purchasing an additional 846 shares during the last quarter. Swiss National Bank boosted its stake in Universal Insurance by 1.7% in the 2nd quarter. Swiss National Bank now owns 61,500 shares of the insurance provider’s stock worth $1,716,000 after purchasing an additional 1,000 shares in the last quarter. Stone Ridge Asset Management LLC boosted its stake in Universal Insurance by 5.0% in the 2nd quarter. Stone Ridge Asset Management LLC now owns 21,083 shares of the insurance provider’s stock worth $588,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in Universal Insurance during the 2nd quarter valued at about $29,000. 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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