Price Action Report: Universal Insurance Holdings, Inc.’s Stock Is Buy After Today’s Big Increase

Price Action Report: Universal Insurance Holdings, Inc.'s Stock Is Buy After Today's Big Increase

The stock of Universal Insurance Holdings, Inc. (NYSE:UVE) is a huge mover today! About 702,495 shares traded hands or 69.54% up from the average. Universal Insurance Holdings, Inc. (NYSE:UVE) has risen 4.95% since March 4, 2016 and is uptrending. It has underperformed by 3.09% the S&P500.
The move comes after 5 months positive chart setup for the $693.61M company. It was reported on Oct, 7 by Barchart.com. We have $30.87 PT which if reached, will make NYSE:UVE worth $256.64M more.

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 Q2 2016. Its down 0.15, from 0.99 in 2016Q1. The ratio fall, 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.
The North Carolina-based National Bank & Trust Of America De has invested 0% in Universal Insurance Holdings, Inc. (NYSE:UVE). Stevens Cap Mgmt Lp accumulated 57,496 shares or 0.04% of the stock. Ls Invest Advsrs Ltd Liability Corporation last reported 0% of its portfolio in the stock. The Illinois-based Ativo Capital Mgmt Limited has invested 0.27% in Universal Insurance Holdings, Inc. (NYSE:UVE). Moreover, Principal Finance Gp has 0.01% invested in Universal Insurance Holdings, Inc. (NYSE:UVE) for 226,582 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in Universal Insurance Holdings, Inc. (NYSE:UVE). Commercial Bank Of Montreal Can last reported 1,018 shares in the company. Comerica National Bank & Trust last reported 0.01% of its portfolio in the stock. Martingale Asset Mgmt L P, a Massachusetts-based fund reported 38,844 shares. The Pennsylvania-based Vanguard Grp Inc Inc has invested 0% in Universal Insurance Holdings, Inc. (NYSE:UVE). Lucus Advisors Limited Liability Corporation has invested 0.29% of its portfolio in Universal Insurance Holdings, Inc. (NYSE:UVE). Panagora Asset Management has 0% invested in the company for 7,882 shares. Comml Bank Of New York Mellon last reported 457,362 shares in the company. The Connecticut-based Tudor Invest Et Al has invested 0.01% in Universal Insurance Holdings, Inc. (NYSE:UVE). Bridgeway Cap Inc, a Texas-based fund reported 101,916 shares.

Insider Transactions: Since May 4, 2016, the stock had 5 insider buys, and 1 insider sale for $74,457 net activity. The insider Callahan Scott P. sold $218,200. $98,633 worth of Universal Insurance Holdings, Inc. (NYSE:UVE) was bought by DOWNES SEAN P on Monday, June 13. 2,300 Universal Insurance Holdings, Inc. (NYSE:UVE) shares with value of $43,493 were bought by Springer Jon. 1,500 Universal Insurance Holdings, Inc. (NYSE:UVE) shares with value of $25,575 were bought by PALMIERI RALPH J..

More notable recent Universal Insurance Holdings, Inc. (NYSE:UVE) news were published by: Fool.com which released: “Why Shares of Universal Insurance Holdings, Inc. are Dropping Today” on October 06, 2016, also Marketwatch.com with their article: “Universal Insurance Holdings Inc.” published on November 12, 2010, Prnewswire.com published: “Universal Insurance Holdings, Inc. Launches Universal Direct(SM) In Delaware …” on September 08, 2016. More interesting news about Universal Insurance Holdings, Inc. (NYSE:UVE) were released by: Prnewswire.com and their article: “Universal Insurance Holdings, Inc. Launches Universal Direct(SM) In Florida …” published on September 26, 2016 as well as Prnewswire.com‘s news article titled: “Universal Insurance Holdings, Inc. Announces Second Quarter 2016 Earnings …” with publication date: July 20, 2016.

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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