Universal Insurance Holdings Inc (NYSE:UVE) CFO Frank Wilcox bought 2,000 shares of the stock in a transaction on Friday, September 8th. The shares were acquired at an average cost of $17.69 per share, for a total transaction of $35,380.00. Following the completion of the transaction, the chief financial officer now directly owns 96,024 shares of the company’s stock, valued at $1,698,664.56. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Universal Insurance Holdings Inc (UVE) traded up 1.621% during midday trading on Tuesday, hitting $20.375. The stock had a trading volume of 726,248 shares. Universal Insurance Holdings Inc has a 1-year low of $15.08 and a 1-year high of $29.20. The company’s 50 day moving average price is $22.46 and its 200-day moving average price is $24.16. The firm has a market capitalization of $709.99 million, a PE ratio of 7.215 and a beta of 1.84.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, September 12th will be paid a $0.14 dividend. The ex-dividend date is Monday, September 11th. This represents a $0.56 dividend on an annualized basis and a yield of 2.79%. Universal Insurance Holdings’s dividend payout ratio (DPR) is currently 19.93%.

COPYRIGHT VIOLATION WARNING: This news story was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at https://www.thecerbatgem.com/2017/09/12/universal-insurance-holdings-inc-uve-cfo-frank-wilcox-buys-2000-shares.html.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pinebridge Investments L.P. grew its stake in Universal Insurance Holdings by 0.7% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,297 shares of the insurance provider’s stock valued at $108,000 after buying an additional 30 shares during the last quarter. Victory Capital Management Inc. grew its stake in Universal Insurance Holdings by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,687 shares of the insurance provider’s stock valued at $118,000 after buying an additional 703 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in Universal Insurance Holdings in the 2nd quarter valued at about $125,000. LS Investment Advisors LLC grew its stake in Universal Insurance Holdings by 332.6% in the 1st quarter. LS Investment Advisors LLC now owns 5,105 shares of the insurance provider’s stock valued at $125,000 after buying an additional 3,925 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Universal Insurance Holdings by 7.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 5,159 shares of the insurance provider’s stock valued at $126,000 after buying an additional 372 shares during the last quarter. Institutional investors and hedge funds own 73.35% of the company’s stock.

Several equities analysts have commented on the stock. ValuEngine downgraded shares of Universal Insurance Holdings from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 18th. BidaskClub downgraded shares of Universal Insurance Holdings from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $29.00 target price on shares of Universal Insurance Holdings in a research report on Friday, August 18th.

About Universal Insurance Holdings

Universal Insurance Holdings, Inc (UVE) is a private personal residential homeowners insurance company in Florida. The Company performs substantially all aspects of insurance underwriting, policy issuance, general administration, and claims processing and settlement internally. The Company’s subsidiaries include Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC).

Receive News & Stock Ratings for Universal Insurance Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Insurance Holdings Inc and related stocks with our FREE daily email newsletter.