Universal Insurance (UVE) Hits New 1-Year Low at $28.94

Universal Insurance Holdings, Inc. (NYSE:UVE) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $28.94 and last traded at $29.02, with a volume of 5060 shares. The stock had previously closed at $29.48.

The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1.07 billion, a PE ratio of 8.53 and a beta of 1.19.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, May 3rd will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.64 annualized dividend and a yield of 2.19%.

In other news, COO Stephen Donaghy bought 20,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average cost of $31.50 per share, with a total value of $630,000.00. Following the completion of the acquisition, the chief operating officer now owns 501,983 shares of the company’s stock, valued at $15,812,464.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jon Springer sold 7,000 shares of Universal Insurance stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $30.66, for a total transaction of $214,620.00. Following the completion of the transaction, the insider now directly owns 493,036 shares of the company’s stock, valued at $15,116,483.76. The disclosure for this sale can be found here. Insiders sold 21,000 shares of company stock valued at $702,380 over the last ninety days. Corporate insiders own 10.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Synovus Financial Corp bought a new stake in shares of Universal Insurance in the fourth quarter worth approximately $38,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Universal Insurance by 28.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,392 shares of the insurance provider’s stock worth $91,000 after acquiring an additional 533 shares during the period. Rehmann Capital Advisory Group grew its stake in shares of Universal Insurance by 4,433.9% in the third quarter. Rehmann Capital Advisory Group now owns 5,486 shares of the insurance provider’s stock worth $113,000 after acquiring an additional 5,365 shares during the period. LS Investment Advisors LLC grew its stake in shares of Universal Insurance by 226.7% in the fourth quarter. LS Investment Advisors LLC now owns 3,208 shares of the insurance provider’s stock worth $122,000 after acquiring an additional 2,226 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in shares of Universal Insurance by 119.0% in the third quarter. Advisors Asset Management Inc. now owns 2,687 shares of the insurance provider’s stock worth $130,000 after acquiring an additional 1,460 shares during the period. Hedge funds and other institutional investors own 74.36% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://www.baseballdailydigest.com/news/2019/04/15/universal-insurance-uve-hits-new-1-year-low-at-28-94.html.

Universal Insurance Company Profile (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.

Featured Article: What are Bollinger Bands?

Receive News & Ratings for Universal Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Insurance and related companies with MarketBeat.com's FREE daily email newsletter.