Yesterday, the CFO, Principal Acct. Officer of Universal Insurance Holdings Inc (NYSE: UVE), Frank Wilcox, sold shares of UVE for $453K.
Following Frank Wilcox’s last UVE Sell transaction on September 12, 2017, the stock climbed by 13.2%. In addition to Frank Wilcox, 3 other UVE executives reported Sell trades in the last month.
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Based on Universal Insurance Holdings Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $197 million and quarterly net profit of $40.06 million. In comparison, last year the company earned revenue of $175 million and had a net profit of $31.2 million. UVE’s market cap is $1.16B and the company has a P/E ratio of 10.23. Currently, Universal Insurance Holdings Inc has an average volume of 171.3K.
In the last 30 days, insiders have sold $3.23M worth of UVE shares and purchased $15.88K worth of UVE shares. The insider sentiment on Universal Insurance Holdings Inc has been negative according to 23 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.
