Universal Insurance Holdings, Inc. (NYSE:UVE) insider Jon Springer sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $44.68, for a total value of $312,760.00. Following the transaction, the insider now directly owns 449,325 shares in the company, valued at $20,075,841. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Friday, August 10th, Jon Springer sold 7,000 shares of Universal Insurance stock. The shares were sold at an average price of $45.15, for a total value of $316,050.00.
  • On Tuesday, July 31st, Jon Springer sold 7,000 shares of Universal Insurance stock. The shares were sold at an average price of $45.45, for a total value of $318,150.00.
  • 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.

UVE opened at $45.30 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.71 and a current ratio of 0.71. Universal Insurance Holdings, Inc. has a 52-week low of $20.25 and a 52-week high of $46.26. The company has a market cap of $1.55 billion, a PE ratio of 11.96 and a beta of 1.79.

Universal Insurance (NYSE:UVE) last posted its earnings results on Wednesday, July 25th. The insurance provider reported $1.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.25. Universal Insurance had a return on equity of 29.16% and a net margin of 16.71%. The firm had revenue of $209.79 million for the quarter.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its holdings in Universal Insurance by 75.6% in the second quarter. Public Employees Retirement System of Ohio now owns 34,300 shares of the insurance provider’s stock valued at $1,204,000 after acquiring an additional 14,762 shares during the period. WINTON GROUP Ltd bought a new position in Universal Insurance in the second quarter valued at about $362,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in Universal Insurance in the second quarter valued at about $316,000. Cubist Systematic Strategies LLC bought a new position in Universal Insurance in the second quarter valued at about $338,000. Finally, Epoch Investment Partners Inc. bought a new position in Universal Insurance in the second quarter valued at about $17,978,000. 73.88% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on UVE. Keefe, Bruyette & Woods cut Universal Insurance from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $39.00 to $44.00 in a research note on Friday, July 27th. ValuEngine raised Universal Insurance from a “hold” rating to a “buy” rating in a research note on Thursday, July 26th.

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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