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


Today, the President and CRO of Universal Insurance Holdings Inc (NYSE: UVE), Jon Springer, sold shares of UVE for $668.8K.

Following Jon Springer’s last UVE Sell transaction on May 18, 2016, the stock climbed by 17.0%. 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 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 $1.22B and the company has a P/E ratio of 10.75. Currently, Universal Insurance Holdings Inc has an average volume of 71.29K.

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.

Jon Springer’s trades have generated a 21.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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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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