The President and CRO of Universal Insurance Holdings Inc (UVE) is Selling Shares


Yesterday, the President and CRO of Universal Insurance Holdings Inc (NYSE: UVE), Jon Springer, sold shares of UVE for $318.1K.

Following Jon Springer’s last UVE Sell transaction on May 21, 2018, the stock climbed by 10.0%. In addition to Jon Springer, 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 June 30, the company posted quarterly revenue of $211 million and quarterly net profit of $46.08 million. In comparison, last year the company earned revenue of $185 million and had a net profit of $29.38 million. UVE’s market cap is $1.54B and the company has a P/E ratio of 12.18. Currently, Universal Insurance Holdings Inc has an average volume of 473.8K.

The insider sentiment on Universal Insurance Holdings Inc has been negative according to 32 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.

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