Universal Insurance Holdings Inc. (UVE) Shares Up 2%
Universal Insurance Holdings Inc. (NYSE:UVE) shares shot up 2% during trading on Thursday . The company traded as high as $23.49 and last traded at $23.45, with a volume of 93,734 shares trading hands. The stock had previously closed at $22.98.
The firm has a market cap of $821.50 million and a PE ratio of 7.08. The company’s 50-day moving average price is $21.09 and its 200-day moving average price is $18.94.
Universal Insurance Holdings (NYSE:UVE) last posted its earnings results on Thursday, July 28th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.11. The firm had revenue of $169.80 million for the quarter, compared to analysts’ expectations of $167.40 million. Equities analysts forecast that Universal Insurance Holdings Inc. will post $3.07 EPS for the current year.
In related news, Director Scott P. Callahan sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $21.82, for a total value of $218,200.00. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $327,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sean P. Downes purchased 5,300 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The stock was bought at an average cost of $18.61 per share, for a total transaction of $98,633.00. Following the completion of the purchase, the chief executive officer now directly owns 1,312,281 shares in the company, valued at approximately $24,421,549.41. The disclosure for this purchase can be found here.
A hedge fund recently raised its stake in Universal Insurance Holdings stock. California Public Employees Retirement System increased its position in shares of Universal Insurance Holdings Inc. (NYSE:UVE) by 15.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,200 shares of the company’s stock after buying an additional 15,500 shares during the period. California Public Employees Retirement System owned 0.34% of Universal Insurance Holdings worth $2,717,000 as of its most recent filing with the SEC.
Universal Insurance Holdings, Inc (UVE) is a private personal residential homeowners insurance company in Florida. The Company performs substantially all aspects of insurance underwriting, policy issuance, general administration, and claims processing and settlement internally. The Company writes personal residential homeowners insurance policies, predominantly in Florida.
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