Jon Springer Sells 26,393 Shares of Universal Insurance Holdings, Inc. (NYSE:UVE) Stock

Universal Insurance Holdings, Inc. (NYSE:UVE) Director Jon Springer sold 26,393 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $25.61, for a total transaction of $675,924.73. Following the completion of the transaction, the director now owns 331,835 shares in the company, valued at approximately $8,498,294.35. This represents a 7.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Universal Insurance Stock Up 2.4 %

UVE opened at $26.04 on Friday. The company has a market capitalization of $732.90 million, a PE ratio of 10.59 and a beta of 0.83. The business has a 50-day moving average of $22.87 and a 200-day moving average of $21.52. Universal Insurance Holdings, Inc. has a fifty-two week low of $16.50 and a fifty-two week high of $26.35. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.51 and a quick ratio of 0.51.

Universal Insurance (NYSE:UVE) last posted its earnings results on Thursday, April 24th. The insurance provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.32. Universal Insurance had a net margin of 4.82% and a return on equity of 15.43%. The firm had revenue of $394.87 million during the quarter, compared to analysts’ expectations of $354.97 million. Equities research analysts forecast that Universal Insurance Holdings, Inc. will post 1.66 EPS for the current fiscal year.

Universal Insurance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, May 9th. This represents a $0.64 annualized dividend and a yield of 2.46%. Universal Insurance’s dividend payout ratio (DPR) is currently 27.95%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Universal Insurance from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 28th.

Institutional Trading of Universal Insurance

Several large investors have recently made changes to their positions in the stock. Donald Smith & CO. Inc. lifted its holdings in Universal Insurance by 11.3% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,720,519 shares of the insurance provider’s stock worth $36,234,000 after purchasing an additional 174,843 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Universal Insurance by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 1,674,545 shares of the insurance provider’s stock valued at $35,266,000 after purchasing an additional 4,480 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Universal Insurance by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,496,224 shares of the insurance provider’s stock worth $31,510,000 after buying an additional 6,250 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Universal Insurance by 10.4% during the 4th quarter. American Century Companies Inc. now owns 608,889 shares of the insurance provider’s stock worth $12,823,000 after buying an additional 57,424 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in Universal Insurance by 0.6% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 366,877 shares of the insurance provider’s stock valued at $7,726,000 after buying an additional 2,181 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.