The stock of Universal Insurance Holdings, Inc. (NYSE:UVE) is a huge mover today! The stock decreased 4.76% or $1.2 during the last trading session, hitting $24. About 449,312 shares traded hands or 77.56% up from the average. Universal Insurance Holdings, Inc. (NYSE:UVE) has risen 21.95% since March 1, 2016 and is uptrending. It has outperformed by 9.74% the S&P500.
The move comes after 9 months negative chart setup for the $847.59M company. It was reported on Oct, 4 by Barchart.com. We have $22.08 PT which if reached, will make NYSE:UVE worth $67.81 million less.
Analysts await Universal Insurance Holdings, Inc. (NYSE:UVE) to report earnings on November, 3.
According to Zacks Investment Research, “Universal Insurance Holdings, Inc., through its wholly-owned subsidiary, Universal Property & Casualty Insurance Company (UPCIC), is currently engaged in insurance underwriting, distribution and claims. UPCIC generates revenue from the collection and investment of premiums. The Company’s agency operations which include Universal Florida Insurance Agency and U.S. Insurance Solutions, Inc. generate income from policy fees, commissions, premium financing referral fees and the marketing of ancillary services.”
Insitutional Activity: The institutional sentiment decreased to 0.84 in 2016 Q2. Its down 0.15, from 0.99 in 2016Q1. The ratio is negative, as 22 funds sold all Universal Insurance Holdings, Inc. shares owned while 55 reduced positions. 18 funds bought stakes while 47 increased positions. They now own 24.96 million shares or 4.05% less from 26.02 million shares in 2016Q1.
Tower Rech Ltd (Trc) accumulated 2,737 shares or 0% of the stock. Manufacturers Life Insurance The, a Ontario – Canada-based fund reported 22,227 shares. Tudor Investment Corporation Et Al, a Connecticut-based fund reported 23,366 shares. Chicago Equity Prns Lc owns 190,104 shares or 0.1% of their US portfolio. The Pennsylvania-based Ajo Limited Partnership has invested 0.01% in Universal Insurance Holdings, Inc. (NYSE:UVE). Nationwide Fund Advsrs accumulated 0% or 20,771 shares. Tradewinds Management Lc accumulated 80 shares or 0% of the stock. Morgan Stanley reported 384,709 shares or 0% of all its holdings. California Employees Retirement System has invested 0% of its portfolio in Universal Insurance Holdings, Inc. (NYSE:UVE). Moreover, Pnc Serv Group Incorporated has 0% invested in Universal Insurance Holdings, Inc. (NYSE:UVE) for 253 shares. Fifth Third Comml Bank last reported 0% of its portfolio in the stock. The Washington-based Parametric Port Assoc Ltd Llc has invested 0% in Universal Insurance Holdings, Inc. (NYSE:UVE). Loomis Sayles And Comm L P has 0% invested in the company for 386 shares. Moreover, Deutsche Bank & Trust Ag has 0% invested in Universal Insurance Holdings, Inc. (NYSE:UVE) for 71,249 shares. The Missouri-based Stifel Financial Corp has invested 0% in Universal Insurance Holdings, Inc. (NYSE:UVE).
Insider Transactions: Since May 4, 2016, the stock had 5 buys, and 1 insider sale for $74,457 net activity. $49,977 worth of Universal Insurance Holdings, Inc. (NYSE:UVE) was bought by Springer Jon on Friday, May 13. DOWNES SEAN P had bought 5,300 shares worth $98,633 on Monday, June 13. PALMIERI RALPH J. bought $25,575 worth of stock. On Tuesday, August 16 the insider Callahan Scott P. sold $218,200.
More notable recent Universal Insurance Holdings, Inc. (NYSE:UVE) news were published by: Prnewswire.com which released: “Universal Insurance Holdings, Inc. Launches Universal Direct(SM) In Delaware …” on September 08, 2016, also Marketwatch.com with their article: “Universal Insurance Holdings Inc.” published on November 12, 2010, Prnewswire.com published: “Universal Insurance Holdings, Inc. Reports Record Financial Results for the …” on July 28, 2016. More interesting news about Universal Insurance Holdings, Inc. (NYSE:UVE) were released by: Prnewswire.com and their article: “Universal Insurance Holdings, Inc. Sets the Record Straight” published on November 20, 2015 as well as Fool.com‘s news article titled: “Why Shares of Universal Insurance Holdings Dropped 30% Today” with publication date: November 17, 2015.
UVE Company Profile
Universal Insurance Holdings, Inc. (UVE), incorporated on November 13, 1990, is a private personal residential homeowners insurance firm in Florida. The Firm performs substantially all aspects of insurance underwriting, policy issuance, general administration, and claims processing and settlement internally. The Firm writes personal residential homeowners insurance policies, predominantly in Florida. The Firm also writes homeowners insurance policies in Delaware, Georgia, Hawaii, Indiana, Maryland, Massachusetts, Minnesota, North Carolina, Pennsylvania and South Carolina. The Firm is also licensed to issue policies in Alabama, Michigan, New Hampshire, Virginia and West Virginia. It has a distribution network of approximately 7,800 licensed independent agents. Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC, and together with UPCIC, the Insurance Entities) are its insurance operating subsidiaries.
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