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FORT LAUDERDALE, FL—Universal Insurance Holdings, Inc. (NYSE:UVE), a company trading near its 52-week high of $27.25 and maintaining dividend payments for 20 consecutive years, reported that Director Jon Springer sold 30,000 shares of common stock, according to a recent SEC filing. The shares were sold at a weighted average price of $27.0552, with transactions occurring within the price range of $26.58 to $27.22. Following this transaction, Springer holds 301,835 shares directly. The total value of the shares sold amounts to approximately $811,656. The stock has shown remarkable strength with a 42.59% return over the past year, and InvestingPro analysis suggests the stock is currently undervalued. Discover more insider trading patterns and comprehensive analysis in the UVE Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Universal Insurance Holdings reported a strong performance in their first-quarter 2025 earnings. The company achieved adjusted diluted earnings per share of $1.44, surpassing analyst expectations of $1.12. Revenue also exceeded forecasts, reaching $467.08 million compared to the anticipated $459.56 million. This revenue growth was attributed to higher net premiums and investment income. Additionally, Universal Insurance declared a quarterly dividend of $0.16 per share. In a strategic move, the company announced a $20 million stock buyback plan, approved by its Board of Directors, to be conducted through May 2027. This initiative is part of Universal Insurance’s strategy to manage capital effectively and deliver value to shareholders. The company also completed its reinsurance renewal for 2025-2026, securing additional multiyear coverage, which underscores its long-term partnerships in the reinsurance market.
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