Universal Insurance (NYSE:UVE – Rating Received) was downgraded from a “buy” rating to a “hold” rating by investment analysts at StockNews.com in a research report published Tuesday.
Several other research analysts also recently commented on the company. Piper Sandler lowered her price target on Universal Insurance to $10.00 in a research note on Tuesday, November 1st. TheStreet downgraded Universal Insurance from a “c-” rating to a “d+” rating in a research note on Thursday, October 27.
Universal Insurance shares up 0.7%
NYSE UVE opened at $10.36 on Tuesday. The company has a 50-day moving average price of $10.42 and a 200-day moving average price of $11.75. Universal Insurance has a yearly low of $8.39 and a yearly high of $19.64. The company has a debt to equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 0.69. The company has a market cap of $316.11 million, a P/E of -3.34 and a beta of 0.98.
Insider buying and selling at Universal Insurance
In other Universal Insurance news, Director Sean P. Downes sold 20,000 shares of the company’s stock in a transaction on Wednesday, August 10. The stock sold at an average price of $12.46 for a total value of $249,200.00. Upon completion of the sale, the Director now directly owns 1,381,539 shares of the Company, valued at approximately $17,213,975.94. The sale was disclosed in a document filed with the SEC, which can be accessed at this link. In other Universal Insurance news, CEO Stephen Donaghy acquired 10,000 shares of the company in a transaction on Wednesday, September 14. The shares were purchased at an average price of $11.55 per share for a total value of $115,500.00. Following the purchase, the Chief Executive Officer now directly owns 660,887 shares of the Company, valued at approximately $7,633,244.85. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC’s website. Also on Wednesday, August 10, Director Sean P. Downes sold 20,000 shares of the company’s stock in a transaction. The shares sold at an average price of $12.46 for a total value of $249,200.00. Upon completion of the transaction, the Director now directly owns 1,381,539 shares of the Company, valued at approximately $17,213,975.94. The disclosure for this sale can be found here. Insiders bought a total of 15,500 shares of the company worth $169,635 over the past three months. 16.10% of the shares are owned by company insiders.
Hedge funds rely on Universal Insurance
Major investors recently changed their stakes in the company. Whittier Trust Co. bought a new position in Universal Insurance stock worth $26,000 during the second quarter. KBC Group NV bought a new position in Universal Insurance shares worth USD 26,000 during the second quarter. Allspring Global Investments Holdings LLC increased its stake in Universal Insurance by 137.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,943 shares of the insurance provider, valued at $38,000, after purchasing an additional 2,282 shares last quarter. Quantbot Technologies LP purchased a new position in Universal Insurance stock worth $58,000 during the first quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Universal Insurance stock valued at $97,000 during the third quarter. Institutional investors and hedge funds own 66.64% of the company’s shares.
Universal insurance profile
(get rating)
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 homeowners insurance such as homeowner, renter/tenant, condominium owner and apartment/fire; and provides allied lines, coverage for other structures, and coverage for personal property, liability, and personal items.
Selected items
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