Sean P. Downes Sells 20,000 Shares of Universal Insurance Holdings, Inc. (NYSE:UVE) Stock

Universal Insurance Holdings, Inc. (NYSE:UVE) Chairman Sean P. Downes sold 20,000 shares of Universal Insurance stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $20.21, for a total value of $404,200.00. Following the completion of the transaction, the chairman now owns 1,062,262 shares in the company, valued at $21,468,315.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Universal Insurance Stock Performance

Shares of UVE stock opened at $20.16 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.54 and a debt-to-equity ratio of 0.25. The company has a market cap of $570.33 million, a PE ratio of 8.20 and a beta of 0.90. The company’s fifty day simple moving average is $20.59 and its 200-day simple moving average is $19.81. Universal Insurance Holdings, Inc. has a 52 week low of $15.63 and a 52 week high of $23.27.

Universal Insurance (NYSE:UVE) last issued its quarterly earnings data on Thursday, October 24th. The insurance provider reported ($0.73) EPS for the quarter, topping analysts’ consensus estimates of ($1.03) by $0.30. Universal Insurance had a return on equity of 15.43% and a net margin of 4.82%. The company had revenue of $387.55 million for the quarter, compared to analysts’ expectations of $341.98 million. During the same quarter in the previous year, the firm posted ($0.16) earnings per share. As a group, equities research analysts anticipate that Universal Insurance Holdings, Inc. will post 1.66 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com lowered Universal Insurance from a “strong-buy” rating to a “hold” rating in a research note on Saturday.

Institutional Trading of Universal Insurance

Large investors have recently bought and sold shares of the company. CWA Asset Management Group LLC acquired a new position in shares of Universal Insurance during the third quarter worth $6,322,000. Bank of Montreal Can boosted its position in Universal Insurance by 283.0% in the 2nd quarter. Bank of Montreal Can now owns 374,487 shares of the insurance provider’s stock valued at $7,040,000 after buying an additional 276,700 shares during the last quarter. American Century Companies Inc. boosted its position in Universal Insurance by 44.5% in the 2nd quarter. American Century Companies Inc. now owns 469,803 shares of the insurance provider’s stock valued at $8,814,000 after buying an additional 144,647 shares during the last quarter. Essex Investment Management Co. LLC increased its position in shares of Universal Insurance by 64.6% during the third quarter. Essex Investment Management Co. LLC now owns 201,639 shares of the insurance provider’s stock worth $4,468,000 after acquiring an additional 79,138 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Universal Insurance by 11,666.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 58,713 shares of the insurance provider’s stock worth $1,193,000 after acquiring an additional 58,214 shares in the last quarter. Institutional investors and hedge funds 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.