Universal Insurance (NYSE:UVE) Shares Down 5% – Time to Sell?

Universal Insurance Holdings, Inc. (NYSE:UVE) shares traded down 5% on Friday . The company traded as low as $19.09 and last traded at $19.09. 94,598 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 189,479 shares. The stock had previously closed at $20.10.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Universal Insurance from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 5th.

Universal Insurance Stock Performance

The business has a fifty day moving average of $20.67 and a 200-day moving average of $19.77. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26. The company has a market cap of $545.96 million, a PE ratio of 7.10 and a beta of 0.89.

Universal Insurance (NYSE:UVE) last posted its earnings results on Thursday, July 25th. The insurance provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.03. Universal Insurance had a return on equity of 21.14% and a net margin of 5.60%. The firm had revenue of $380.21 million for the quarter, compared to the consensus estimate of $340.09 million. During the same quarter in the prior year, the business earned $0.87 EPS. Equities research analysts anticipate that Universal Insurance Holdings, Inc. will post 1.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Universal Insurance

In other Universal Insurance news, Chairman Sean P. Downes sold 20,000 shares of Universal Insurance stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $20.00, for a total transaction of $400,000.00. Following the completion of the transaction, the chairman now owns 1,122,262 shares in the company, valued at approximately $22,445,240. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Chairman Sean P. Downes sold 20,000 shares of Universal Insurance stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $20.00, for a total value of $400,000.00. Following the completion of the sale, the chairman now directly owns 1,122,262 shares in the company, valued at approximately $22,445,240. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jon Springer sold 35,173 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $20.53, for a total transaction of $722,101.69. Following the transaction, the director now owns 473,899 shares in the company, valued at $9,729,146.47. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,173 shares of company stock valued at $1,571,502. 17.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of UVE. Quarry LP lifted its position in Universal Insurance by 424.4% during the second quarter. Quarry LP now owns 1,395 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 1,129 shares in the last quarter. CWM LLC grew its stake in shares of Universal Insurance by 40.1% during the 3rd quarter. CWM LLC now owns 2,524 shares of the insurance provider’s stock valued at $56,000 after acquiring an additional 723 shares during the period. Occidental Asset Management LLC purchased a new stake in Universal Insurance in the 2nd quarter worth approximately $196,000. SG Americas Securities LLC raised its position in shares of Universal Insurance by 17.4% during the 2nd quarter. SG Americas Securities LLC now owns 12,374 shares of the insurance provider’s stock valued at $232,000 after purchasing an additional 1,833 shares during the period. Finally, Bailard Inc. boosted its stake in Universal Insurance by 33.3% during the second quarter. Bailard Inc. now owns 16,800 shares of the insurance provider’s stock valued at $315,000 after buying an additional 4,200 shares during the last quarter. Hedge funds and other institutional investors own 66.61% of the company’s stock.

Universal Insurance Company Profile

Universal Insurance Holdings, Inc, together with its subsidiaries, operates as an integrated insurance holding company in the United States. It develops, markets, and underwrites insurance products for personal residential insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire; and offers allied lines, coverage for other structures, and personal property, liability, and personal articles coverages.