Universal Insurance Holdings Inc. (UVE) Stock Price Down 2.3%
Universal Insurance Holdings Inc. (NYSE:UVE)’s share price fell 2.3% during trading on Thursday . The company traded as low as $23.86 and last traded at $24.21, with a volume of 459,918 shares traded. The stock had previously closed at $24.78.
The company has a 50-day moving average price of $21.88 and a 200-day moving average price of $19.20. The firm has a market capitalization of $848.85 million and a price-to-earnings ratio of 7.31.
Universal Insurance Holdings (NYSE:UVE) last issued its quarterly earnings results 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 had revenue of $169.80 million for the quarter, compared to the consensus estimate of $167.40 million. On average, equities analysts forecast that Universal Insurance Holdings Inc. will post $3.07 EPS for the current fiscal year.
The business also recently disclosed a dividend, which will be paid on Monday, October 24th. Stockholders of record on Monday, September 12th will be issued a dividend of $0.14 per share. This is a positive change from Universal Insurance Holdings’s previous dividend of $0.12. The ex-dividend date is Thursday, September 8th.
In related news, CEO Sean P. Downes acquired 5,300 shares of the company’s stock in a transaction dated Monday, June 13th. The shares were purchased at an average price of $18.61 per share, for a total transaction of $98,633.00. Following the completion of the acquisition, the chief executive officer now owns 1,312,281 shares of the company’s stock, valued at $24,421,549.41. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Scott P. Callahan sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $21.82, for a total transaction of $218,200.00. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $327,300. The disclosure for this sale can be found here.
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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