Universal Insurance (NYSE:UVE) Lowers to Hold on StockNews.com

universal insurance (NYSE: UVEget rating) downgraded by investment analysts at StockNews.com From a ‘buy’ rating to a ‘hold’ rating in a research report published on Tuesday.

Several other research analysts have also recently commented on the company. Piper Sandler lowered Universal Insurance’s price target to her $10.00 in her research notes on Tuesday, Nov. 1. TheStreet downgraded Universal Insurance’s rating from ‘c-‘ to ‘d+’ in its research notes on Thursday, October 27.

Universal Insurance stocks up 0.7%

NYSE UVE Opened Tuesday for $10.36. His 50-day moving average price for this business is $10.42 and his 200-day moving average price is $11.75. Universal Insurance has a one-year low of $8.39 and a one-year high of $19.64. The company has an equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 0.69. The company has a market capitalization of $316.11 million, a P/E of -3.34 and a beta of 0.98.

Insider trading of universal insurance

In other universal insurance news, Director Sean P. Downs sold 20,000 shares of the company in a deal on Wednesday, August 10. The shares were sold at an average price of $12.46 for a total of $249,200.00. Following the completion of the sale, the director now owns directly his 1,381,539 shares in the company, valued at approximately $17,213,975.94. The sale was disclosed in documents filed with the SEC, which can be accessed here. this linkIn another piece of Universal Insurance news, CEO Stephen Donaghy bought 10,000 shares of the company’s stock in a deal on Wednesday, September 14th. Shares were acquired at an average price of $11.55 per share and an aggregate purchase price of $115,500.00. After the purchase, the CEO now directly owns 660,887 shares in the company, valued at approximately $7,633,244.85. The acquisition is disclosed in his SEC filings, which can be accessed here. SEC websiteAnd director Sean P. Downs sold 20,000 shares in the company on Wednesday, August 10th. The shares were sold at an average price of $12.46 for a total of $249,200.00. Following the closing of the transaction, the directors now own directly 1,381,539 shares of the Company’s stock valued at approximately $17,213,975.94.You can find disclosure information for this sale hereInsiders have purchased a total of 15,500 shares of company stock worth $169,635 in the past three months. His 16.10% of shares are owned by corporate insiders.

Hedge funds take part in universal insurance

A large investor recently changed its holding in the business. Whittier Trust Co. acquired a new position worth $26,000 in shares of Universal Insurance in the second quarter. KBC Group NV took a new position worth $26,000 in shares of Universal Insurance in the second quarter. Allspring Global Investments Holdings LLC increased its stake in Universal Insurance by 137.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,943 shares of the insurance company, worth $38,000, after purchasing an additional 2,282 of his shares during the previous quarter. Quantbot Technologies LP acquired a new position worth $58,000 in Universal Insurance stock in the first quarter. Finally, Counterpoint Mutual Fund LLC bought a new stake in Universal Insurance for his $97,000 in the third quarter. Institutional investors and hedge funds own 66.64% of the company’s shares.

Universal Insurance Company Profile

(get rating)

Universal Insurance Holdings Inc., along with its subsidiaries, operates as an integrated insurance holding company in the United States. The company develops, markets and underwrites insurance products for homeowners, renters/tenants, condominium owners, and home/fire personal home insurance. It also provides coverage for related circuits, other structures, and coverage for personal property, liability, and personal property.

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