Universal American Corp. (UAM): Richard C Perry , director of Universal American Corp. sold 1.1011515E7 shares on Jun 27, 2016. The Insider selling transaction was reported by the company on Jun 28, 2016 to the Securities and Exchange Commission. The shares were sold at $6.80 per share for a total value of $74878304 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 27, 2016, Sean Traynor (director other) sold 6,999,200 shares at $6.80 per share price.On Jun 27, 2016, Thomas Scully (director) sold 6,999,200 shares at $6.80 per share price.
Shares of Universal American Corporation (UAM) ended Monday, Jun 27, 2016 session in red amid volatile trading. The shares closed down -0.22 points or -2.95% at $7.24 with 2,09,689 shares getting traded. Post opening the session at $7.45, the shares hit an intraday low of $7.15 and an intraday high of $7.45 and the price vacillated in this range throughout the day. The company has a market cap of $618 M and the number of outstanding shares has been calculated to be 8,53,64,063 shares. The 52-week high of Universal American Corporation is $10.27 and the 52-week low is $5.55.
Universal American Corp. is a health insurance company. The Company primarily serves the growing Medicare population by providing Medicare Advantage products. The Company operates the following segments: Medicare Advantage Management Services Organization (MSO) Medicaid Traditional Insurance and Corporate & Other. The Company provides health insurance to low-income families and individuals with disabilities. Medicare Advantage segment includes the Company’s Medicare Advantage businesses. The Company’s MSO segment supports its physician partnerships in the development of value-based healthcare models. The Company’s Medicaid segment includes the operations of its Total Care Medicaid health plan. The Company’s Traditional Insurance segment reflects the Company’s closed block of insurance products not offered through government programs.