Universal Insurance (NYSE:UVE) CAO Kimberly Campos Sells 879 Shares

Universal Insurance Holdings Inc (NYSE:UVE) CAO Kimberly Campos sold 879 shares of the company’s stock in a transaction dated Thursday, March 26th. The stock was sold at an average price of $33.84, for a total value of $29,745.36. Following the sale, the chief accounting officer owned 7,422 shares of the company’s stock, valued at $251,160.48. This represents a 10.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Universal Insurance Stock Performance

Universal Insurance stock opened at $33.71 on Friday. The company has a market cap of $944.04 million, a price-to-earnings ratio of 5.34 and a beta of 0.67. Universal Insurance Holdings Inc has a 12 month low of $20.83 and a 12 month high of $36.68. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.52 and a quick ratio of 0.52. The stock’s 50-day moving average is $32.42 and its 200-day moving average is $31.35.

Universal Insurance (NYSE:UVE) last issued its earnings results on Tuesday, February 24th. The insurance provider reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.87. The business had revenue of $403.57 million during the quarter, compared to analysts’ expectations of $372.99 million. Universal Insurance had a return on equity of 37.28% and a net margin of 11.41%. Equities analysts anticipate that Universal Insurance Holdings Inc will post 1.66 earnings per share for the current year.

Universal Insurance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 6th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, March 6th. Universal Insurance’s payout ratio is currently 10.14%.

Analyst Ratings Changes

A number of equities analysts have recently commented on UVE shares. Zacks Research raised shares of Universal Insurance from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Universal Insurance in a research report on Wednesday, January 21st. Wall Street Zen raised Universal Insurance from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 27th. Finally, Piper Sandler boosted their price objective on Universal Insurance from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat.com, Universal Insurance has an average rating of “Buy” and an average price target of $40.00.

Institutional Trading of Universal Insurance

Hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Universal Insurance by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,976 shares of the insurance provider’s stock valued at $331,000 after purchasing an additional 630 shares during the period. Millennium Management LLC lifted its holdings in Universal Insurance by 171.5% in the 1st quarter. Millennium Management LLC now owns 343,786 shares of the insurance provider’s stock worth $8,148,000 after buying an additional 217,184 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Universal Insurance by 9.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 805,199 shares of the insurance provider’s stock worth $19,083,000 after buying an additional 69,289 shares in the last quarter. Jane Street Group LLC boosted its position in Universal Insurance by 73.1% in the 1st quarter. Jane Street Group LLC now owns 81,829 shares of the insurance provider’s stock valued at $1,939,000 after buying an additional 34,556 shares during the last quarter. Finally, Strs Ohio purchased a new position in Universal Insurance in the 1st quarter valued at about $180,000. Hedge funds and other institutional investors own 66.61% of the company’s stock.

Universal Insurance Company Profile

Universal Insurance Holdings, Inc (NYSE: UVE) is a property and casualty insurance holding company headquartered in Jacksonville, Florida. The company underwrites homeowners and other residential property insurance products to protect against natural catastrophes such as hurricanes, windstorms and fires. It distributes policies primarily through a network of independent agents and brokers, offering coverage for primary residences, secondary homes, condominiums, vacant dwellings and rental properties across its service territory.

In addition to personal lines, Universal provides commercial property and casualty insurance tailored to small businesses and institutional clients.