Universal Insurance Holdings, Inc. (NYSE:UVE) Chairman Sells $404,200.00 in Stock

Universal Insurance Holdings, Inc. (NYSE:UVE - Get Free Report) Chairman Sean P. Downes sold 20,000 shares of the firm's stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $20.21, for a total transaction of $404,200.00. Following the transaction, the chairman now owns 1,062,262 shares in the company, valued at $21,468,315.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Universal Insurance Stock Up 1.1 %

Shares of Universal Insurance stock traded up $0.22 during midday trading on Friday, reaching $20.16. 255,840 shares of the company's stock traded hands, compared to its average volume of 324,463. The company has a market cap of $570.33 million, a price-to-earnings ratio of 8.20 and a beta of 0.90. Universal Insurance Holdings, Inc. has a 52 week low of $15.63 and a 52 week high of $23.27. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.51. The company's 50 day simple moving average is $20.59 and its 200 day simple moving average is $19.81.

Universal Insurance (NYSE:UVE - Get Free Report) last announced its earnings results on Thursday, October 24th. The insurance provider reported ($0.73) EPS for the quarter, topping the consensus estimate of ($1.03) by $0.30. The firm had revenue of $387.55 million for the quarter, compared to the consensus estimate of $341.98 million. Universal Insurance had a net margin of 4.82% and a return on equity of 15.43%. During the same quarter last year, the firm posted ($0.16) EPS. Equities analysts expect that Universal Insurance Holdings, Inc. will post 1.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Universal Insurance from a "strong-buy" rating to a "hold" rating in a report on Saturday.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Quarry LP raised its holdings in Universal Insurance by 424.4% in the 2nd quarter. Quarry LP now owns 1,395 shares of the insurance provider's stock worth $26,000 after acquiring an additional 1,129 shares during the period. Covestor Ltd grew its position in Universal Insurance by 240.1% in the 3rd quarter. Covestor Ltd now owns 1,881 shares of the insurance provider's stock worth $42,000 after purchasing an additional 1,328 shares during the last quarter. CWM LLC grew its position in Universal Insurance by 40.1% in the 3rd quarter. CWM LLC now owns 2,524 shares of the insurance provider's stock worth $56,000 after purchasing an additional 723 shares during the last quarter. Occidental Asset Management LLC acquired a new stake in Universal Insurance in the 2nd quarter worth $196,000. Finally, SG Americas Securities LLC grew its position in Universal Insurance by 17.4% in the 2nd quarter. SG Americas Securities LLC now owns 12,374 shares of the insurance provider's stock worth $232,000 after purchasing an additional 1,833 shares during the last quarter. 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.