Universal Insurance Holdings, Inc. (NYSE:UVE) Director Jon Springer Sells 30,000 Shares

Universal Insurance Holdings, Inc. (NYSE:UVE - Get Free Report) Director Jon Springer sold 30,000 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $27.06, for a total transaction of $811,800.00. Following the transaction, the director now directly owns 301,835 shares of the company's stock, valued at approximately $8,167,655.10. This trade represents a 9.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jon Springer also recently made the following trade(s):

• On Tuesday, May 6th, Jon Springer sold 26,393 shares of Universal Insurance stock. The shares were sold at an average price of $25.61, for a total transaction of $675,924.73.

Universal Insurance Stock Performance

UVE traded up $0.19 on Friday, reaching $27.11. The stock had a trading volume of 225,744 shares, compared to its average volume of 186,818. Universal Insurance Holdings, Inc. has a 12-month low of $16.50 and a 12-month high of $27.25. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25. The business's 50-day moving average price is $24.35 and its two-hundred day moving average price is $22.11. The company has a market cap of $763.01 million, a P/E ratio of 11.02 and a beta of 0.83.

Universal Insurance (NYSE:UVE - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The insurance provider reported $1.44 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.32. The company had revenue of $394.87 million during the quarter, compared to analysts' expectations of $354.97 million. Universal Insurance had a net margin of 4.82% and a return on equity of 15.43%. Sell-side analysts forecast that Universal Insurance Holdings, Inc. will post 1.66 earnings per share for the current year.

Universal Insurance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, May 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.36%. Universal Insurance's dividend payout ratio is currently 27.95%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Universal Insurance from a "buy" rating to a "strong-buy" rating in a report on Monday, April 28th.

Institutional Trading of Universal Insurance

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP purchased a new stake in shares of Universal Insurance during the first quarter worth about $59,000. State of Wyoming purchased a new stake in shares of Universal Insurance during the first quarter worth about $64,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Universal Insurance during the fourth quarter worth about $103,000. Quantbot Technologies LP increased its stake in shares of Universal Insurance by 45,981.8% during the fourth quarter. Quantbot Technologies LP now owns 5,069 shares of the insurance provider's stock worth $107,000 after purchasing an additional 5,058 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Universal Insurance during the fourth quarter worth about $121,000. Hedge funds and other institutional investors own 66.61% of the company's stock.

About Universal Insurance

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.