Universal Insurance Holdings Inc. (UVE) Trading 2% Higher
Universal Insurance Holdings Inc. (NYSE:UVE) shares traded up 2% on Thursday . The stock traded as high as $23.49 and last traded at $23.45, with a volume of 93,734 shares traded. The stock had previously closed at $22.98.
The firm has a 50-day moving average of $21.38 and a 200-day moving average of $19.02. The stock has a market cap of $837.98 million and a PE ratio of 7.22.
Universal Insurance Holdings (NYSE:UVE) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.11. The firm earned $169.80 million during the quarter, compared to analyst estimates of $167.40 million. On average, equities analysts forecast that Universal Insurance Holdings Inc. will post $3.07 earnings per share for the current fiscal year.
In related news, CEO Sean P. Downes bought 5,300 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The shares were bought at an average price of $18.61 per share, with a total value of $98,633.00. Following the completion of the transaction, the chief executive officer now directly owns 1,312,281 shares in the company, valued at $24,421,549.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Scott P. Callahan sold 10,000 shares of Universal Insurance Holdings stock in a transaction that occurred on 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 in the company, valued at approximately $327,300. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Universal Insurance Holdings stock. Schroder Investment Management Group increased its stake in shares of Universal Insurance Holdings Inc. (NYSE:UVE) by 88.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,032,800 shares of the company’s stock after buying an additional 484,500 shares during the period. Schroder Investment Management Group owned about 2.96% of Universal Insurance Holdings worth $23,940,000 as of its most recent SEC filing.
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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