Universal Insurance Holdings, Inc. (UVE): Sean P Downes , CEO of Universal Insurance Holdings, Inc. purchased 3,895 shares on May 25, 2016. The Insider buying transaction was reported by the company on May 25, 2016 to the Securities and Exchange Commission. The shares were purchased at $19.25 per share for a total value of $74,978.75 , 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 18, 2016, Jon Springer (President and CRO) purchased 2,300 shares at $18.91 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.
Universal Insurance Holdings: On Friday, May 20, 2016 heightened volatility was witnessed in Universal Insurance Holdings which led to swings in the share price. The shares opened for trading at $18.99 and hit $19.23 on the upside , eventually ending the session at $19.22, with a gain of 1.32% or 0.25 points. The heightened volatility saw the trading volume jump to 2,94,357 shares. The 52-week high of the share price is $37.49 and the company has a market cap of $679 M . The 52-week low of the share price is at $15.86.
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 Companys 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 Companys 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.