Today it was reported that a Director at Universal Insurance Holdings Inc (UVE), Michael Pietrangelo, exercised options to buy 20,000 UVE shares at $11.92 a share, for a total transaction value of $238.4K.
This recent transaction increases Michael Pietrangelo’s holding in the company by 29.38% to a total of $2.78 million. This is Pietrangelo’s first Buy trade following 4 Sell transactions.
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Based on Universal Insurance Holdings Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $224 million and GAAP net loss of $6.47 million. In comparison, last year the company earned revenue of $201 million and had a net profit of $36.4 million. UVE’s market cap is $1.1B and the company has a P/E ratio of 9.65. Currently, Universal Insurance Holdings Inc has an average volume of 408.1K.
The insider sentiment on Universal Insurance Holdings Inc has been negative according to 48 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Universal Insurance Holdings, Inc. is a vertically integrated insurance holding company, which through its subsidiaries, covers substantially all aspects of insurance underwriting, distribution, claims processing and exposure management services. The company was founded by Bradley I. Meier on November 13, 1990 and is headquartered in Fort Lauderdale, FL.
