Universal Insurance Holdings, Inc. (UVE) Just Reaches 52-Week High?

July 16, 2018 - By Billy Entrekin

Investors sentiment increased to 1.6 in Q1 2018. Its up 0.59, from 1.01 in 2017Q4. It is positive, as 14 investors sold Universal Insurance Holdings, Inc. shares while 51 reduced holdings. 54 funds opened positions while 50 raised stakes. 24.70 million shares or 3.14% less from 25.50 million shares in 2017Q4 were reported.
Stratos Wealth Ptnrs Ltd reported 83 shares. Ameritas Investment Ptnrs Incorporated stated it has 2,530 shares. Seizert Prns Ltd Company reported 94,769 shares stake. 272,585 are owned by Credit Suisse Ag. Stone Ridge Asset Mngmt Ltd Limited Liability Company has 20,020 shares for 0.04% of their portfolio. Tiaa Cref Invest Mngmt Ltd Company has 318,767 shares. Polaris Greystone Financial Gp reported 100 shares. 189,150 were accumulated by Fmr Limited Liability. Great Lakes Advsr Ltd Com reported 0.09% stake. Hillsdale Mngmt holds 0.21% in Universal Insurance Holdings, Inc. (NYSE:UVE) or 46,500 shares. 51 are held by Tradewinds Management Ltd Limited Liability Company. Parkside Fin National Bank & Trust & Tru invested in 0% or 28 shares. 13,967 were accumulated by Renaissance Group Limited Co. Hbk L P holds 0% in Universal Insurance Holdings, Inc. (NYSE:UVE) or 6,427 shares. Swiss Comml Bank holds 0% or 57,600 shares.

Since February 23, 2018, it had 0 insider buys, and 9 selling transactions for $6.36 million activity. On Thursday, May 3 Wilcox Frank sold $453,048 worth of Universal Insurance Holdings, Inc. (NYSE:UVE) or 14,000 shares. Another trade for 18,926 shares valued at $668,921 was sold by Springer Jon. PALMIERI RALPH J. sold $284,019 worth of stock. $1.14M worth of Universal Insurance Holdings, Inc. (NYSE:UVE) was sold by SCHINDLER OZZIE A. PIETRANGELO MICHAEL sold 16,955 shares worth $512,787.

The stock of Universal Insurance Holdings, Inc. (NYSE:UVE) hit a new 52-week high and has $38.54 target or 5.00 % above today’s $36.70 share price. The 8 months bullish chart indicates low risk for the $1.29B company. The 1-year high was reported on Jul, 16 by Barchart.com. If the $38.54 price target is reached, the company will be worth $64.35 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.14% or $0.05 during the last trading session, reaching $36.7. About 30,996 shares traded. Universal Insurance Holdings, Inc. (NYSE:UVE) has risen 44.68% since July 16, 2017 and is uptrending. It has outperformed by 32.11% the S&P500.

Another recent and important Universal Insurance Holdings, Inc. (NYSE:UVE) news was published by Twst.com which published an article titled: “Universal Insurance Holdings Inc.: Universal Insurance Holdings, Inc. Announces Second Quarter 2018 Earnings …” on July 12, 2018.

Universal Insurance Holdings, Inc., through its subsidiaries, provides various property and casualty insurance products in the United States. The company has market cap of $1.29 billion. The firm primarily underwrites homeowners' insurance products; and offers reinsurance intermediary services. It has a 11.3 P/E ratio. It offers its products through a network of independent agents.

Universal Insurance Holdings, Inc. (NYSE:UVE) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.