Universal Insurance (UVE) Sets New 12-Month Low at $28.80

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Universal Insurance Holdings, Inc. (NYSE:UVE) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $28.80 and last traded at $28.96, with a volume of 10023 shares changing hands. The stock had previously closed at $29.77.

The stock has a market cap of $1.01 billion, a PE ratio of 8.41 and a beta of 1.15. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.57 and a current ratio of 0.57.

Universal Insurance (NYSE:UVE) last released its quarterly earnings data on Thursday, February 28th. The insurance provider reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $216.37 million during the quarter. Universal Insurance had a net margin of 13.48% and a return on equity of 25.99%.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, May 3rd were given a $0.16 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $0.64 annualized dividend and a yield of 2.20%.

In related news, COO Stephen Donaghy acquired 20,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was bought at an average cost of $31.50 per share, with a total value of $630,000.00. Following the transaction, the chief operating officer now directly owns 501,983 shares in the company, valued at $15,812,464.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jon Springer sold 7,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $31.38, for a total transaction of $219,660.00. Following the completion of the sale, the insider now directly owns 468,036 shares of the company’s stock, valued at $14,686,969.68. The disclosure for this sale can be found here. 10.60% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of UVE. Federated Investors Inc. PA raised its holdings in shares of Universal Insurance by 168.6% in the 3rd quarter. Federated Investors Inc. PA now owns 403,430 shares of the insurance provider’s stock valued at $19,586,000 after purchasing an additional 253,221 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Universal Insurance by 5.6% in the 3rd quarter. Vanguard Group Inc. now owns 3,448,422 shares of the insurance provider’s stock valued at $167,421,000 after purchasing an additional 182,978 shares in the last quarter. APG Asset Management N.V. raised its holdings in shares of Universal Insurance by 187.2% in the 4th quarter. APG Asset Management N.V. now owns 239,200 shares of the insurance provider’s stock valued at $7,935,000 after purchasing an additional 155,900 shares in the last quarter. Nordea Investment Management AB bought a new stake in shares of Universal Insurance in the 4th quarter valued at about $3,941,000. Finally, Epoch Investment Partners Inc. raised its holdings in shares of Universal Insurance by 7.5% in the 4th quarter. Epoch Investment Partners Inc. now owns 831,285 shares of the insurance provider’s stock valued at $31,522,000 after purchasing an additional 57,731 shares in the last quarter. Institutional investors and hedge funds own 73.62% of the company’s stock.

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About Universal Insurance (NYSE:UVE)

Universal Insurance Holdings, Inc, together with its subsidiaries, operates as an integrated insurance holding company in the United States. The company develops, markets, and underwrites insurance products for personal residential homeowner's insurance. It also provides personal residential insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire, and commercial residential multi-peril; and allied lines, coverage for other structures, and personal property, as well as liability and personal articles coverages.

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