Downes, Universal insurance executive chairman, sells $506k in shares

Published 06/09/2025, 00:08
Downes, Universal insurance executive chairman, sells $506k in shares

Sean P. Downes, Executive Chairman at Universal Insurance Holdings Inc (NYSE:UVE), a property and casualty insurer with a market capitalization of $698 million and an impressive "GREAT" financial health score according to InvestingPro, sold 20,000 shares of common stock on September 4, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $25.3482, for a total transaction value of $506,963.

The prices for the sales ranged from $25.07 to $25.55. Following the transaction, Downes directly owns 1,303,512 shares of Universal Insurance Holdings. He also indirectly owns 18,000 shares through his children and 2,000 shares through his spouse.

In other recent news, Universal Insurance Holdings Inc . reported its second-quarter 2025 earnings, showcasing a mixed financial performance. The company achieved earnings per share (EPS) of $1.23, exceeding analyst forecasts of $1.12. However, the revenue was reported at $400.14 million, which fell short of the projected $595.62 million. This discrepancy between earnings and revenue highlights a significant aspect of the company’s recent financial activities. Despite the positive EPS results, the revenue shortfall has been a point of concern for investors. These developments are crucial for stakeholders to understand the current financial standing of Universal Insurance. Analyst opinions and market reactions often influence investor sentiment, making these earnings and revenue figures important indicators. Such financial results can impact future analyst ratings and investor decisions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.