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

Universal Insurance Holdings, Inc. Get Votes) Director Sean P. Downes sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The shares were traded at an average price of $12.46, for a total sale of $249,200.00. Following the completion of the sale, the director now owns 1,381,539 shares of the company’s stock, valued at $17,213,975.94. The sale was disclosed in a document issued by the Securities & Exchange Commission, which can be accessed via this link.

Universal Insurance Stock Performance

Shares of NYSE:UVE traded up $0.25 on Friday, hitting $12.87. 100,615 shares of the company changed hands, compared to its average of 231,278. Universal Insurance Holdings, Inc. it has a one year low of $11.27 and a one year high of $19.64. The stock’s 50-day moving average is $12.45 and its 200-day moving average is $12.95. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt ratio of 0.28. The company has a market capitalization of $395.31 million, a P/E ratio of -128.70 and a beta of 0.97.

Universal Insurance (NYSE:UVE – Get Votes) last posted its quarterly earnings results on Wednesday, July 27th. The insurance provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.38 by $0.09. Universal Insurance had a negative margin of 0.26% and a positive return of 1.60%. The business had revenue of $292.01 million during the quarter, compared to the consensus estimate of $296.81 million. Sell-side analysts predict that Universal Insurance Holdings, Inc. will post 1.35 EPS for this year.

Declaration of Universal Insurance Dividend

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The company also announced its third quarterly dividend, which was issued on Tuesday, August 9th. Investors of record on Tuesday, August 2nd were issued a dividend of $0.16 per share. The previous share date was Monday, August 1st. The company paid $0.64 per share during the last period and the annual yield was 4.97 %. Universal Insurance’s dividend payout ratio (DPR) is -640.00%.

Institutional Inflows and Outflows

A number of businesses have recently changed their positions at UVE. Invesco Ltd. raised its holdings in shares of Universal Insurance by 139.8% in the fourth quarter. Invesco Ltd. now owns 910,126 shares of the insurance company’s stock valued at $15,473,000 after buying an additional 530,611 shares in the last quarter. State Street Corp lifted its holdings in shares of Universal Insurance by 22.4% in the first quarter. State Street Corp now owns 1,201,489 shares of the insurance company’s stock valued at $16,208,000 after purchasing an additional 219,723 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of Universal Insurance during the fourth quarter worth $3,431,000. Dimensional Fund Advisors LP lifted its holdings in shares of Universal Insurance by 9.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,726,844 shares of the insurance company’s stock valued at $23,295,000 after buying an additional 142,189 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Universal Insurance in the 1st quarter valued at $1,874,000. Hedge funds and other institutional investors own 65.84% of the company’s stock.

Wall Street Analysts Forecast Growth

alone, raised shares of Universal Insurance from a “hold” rating to a “buy” rating in a research note on Saturday, August 6th.

Profile of Universal Insurance Company

(Get Votes)

Universal Insurance Holdings, Inc, together with its subsidiaries, operates as an integrated insurance company in the United States. The company manufactures, sells, and underwrites residential insurance products, such as homeowners, renters/tenants, homeowners, and home/fire; and they offer joint lines, covering certain buildings, and personal property, loans, and personal records.

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