Universal Insurance Holdings, Inc. (UVE) Files Form 4 Insider Buying : Jon Springer Buys 2,300 Shares

Universal Insurance Holdings, Inc. (UVE): Jon Springer , President and CRO of Universal Insurance Holdings, Inc. purchased 2,300 shares on May 18, 2016. The Insider buying transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were purchased at $18.91 per share for a total value of $43,493.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 13, 2016, Jon Springer (President and CRO) purchased 2,700 shares at $18.51 per share price.On Nov 27, 2015, Stephen Donaghy (officer ) purchased 19,705 shares at $20.30 per share price.Also, On Nov 25, 2015, Frank Wilcox (CFO) purchased 2,300 shares at $21.23 per share price.On Nov 25, 2015, Michael Pietrangelo (director) purchased 2,000 shares at $20.26 per share price.

Shares of Universal Insurance Holdings (UVE) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.13 points or -0.68% at $18.97 with 2,30,104 shares getting traded. Post opening the session at $19.12, the shares hit an intraday low of $18.76 and an intraday high of $19.1999 and the price vacillated in this range throughout the day. The company has a market cap of $670 M and the number of outstanding shares has been calculated to be 3,53,31,319 shares. The 52-week high of Universal Insurance Holdings is $37.49 and the 52-week low is $15.86.

Universal Insurance Holdings Money Flow Index Chart

Universal Insurance Holdings Inc. (UIH) with its wholly owned subsidiaries is a vertically integrated insurance holding company performing all aspects of insurance underwriting distribution and claims. The Company’s offers homeowners’ insurance through the Insurance Entities Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC). Substantially all aspects of insurance underwriting distribution and claims processing are performed by the Company’s subsidiaries. UPCIC a wholly owned subsidiary of the Company is a writer of homeowners insurance in Florida and has commenced its operations in North Carolina South Carolina Hawaii Georgia Massachusetts Maryland Delaware and Indiana. APPCIC also a wholly owned subsidiary writes homeowners multi-peril insurance on Florida homes valued in excess of $1 million which are limits and coverages currently not targeted through its affiliate UPCIC.

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