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Universal Insurance Holdings Inc’s latest rating changes from various analysts

Universal Insurance Holdings Inc’s recent filing unveils that its Director PIETRANGELO MICHAEL unloaded Company’s shares for reported $0.25 million on May 10 ’24. In the deal valued at $20.43 per share,12,351 shares were sold. As a result of this transaction, PIETRANGELO MICHAEL now holds 80,074 shares worth roughly $1.63 million.

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Then, DOWNES SEAN P sold 20,000 shares, generating $394,434 in total proceeds. Upon selling the shares at $19.72, the Executive Chairman now owns 1,162,262 shares.

Before that, DOWNES SEAN P sold 20,000 shares. Universal Insurance Holdings Inc shares valued at $390,616 were divested by the Executive Chairman at a price of $19.53 per share. As a result of the transaction, DOWNES SEAN P now holds 1,191,390 shares, worth roughly $24.32 million.

Piper Sandler upgraded its Universal Insurance Holdings Inc [UVE] rating to an Overweight from a a Neutral in a research note published on February 27, 2023; the price target was increased to $19 from $11. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in late May with a ‘”a Neutral”‘ rating. Keefe Bruyette also remained covering UVE and has decreased its forecast on November 04, 2019 with a “an Underperform” recommendation from previously “Mkt perform” rating. Keefe Bruyette revised its rating on July 27, 2018. It rated UVE as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of UVE

On Tuesday, Universal Insurance Holdings Inc [NYSE:UVE] saw its stock fall -1.35% to $20.41. Over the last five days, the stock has gained 1.14%. Universal Insurance Holdings Inc shares have risen nearly 27.72% since the year began. Nevertheless, the stocks have risen 32.12% over the past one year. While a 52-week high of $22.38 was reached on 04/26/24, a 52-week low of $11.07 was recorded on 02/08/24. SMA at 50 days reached $19.74, while 200 days put it at $16.52. A total of 0.21 million shares were traded, compared to the trading of 0.22 million shares in the previous session.

Levels Of Support And Resistance For UVE Stock

The 24-hour chart illustrates a support level at 20.07, which if violated will result in even more drops to 19.72. On the upside, there is a resistance level at 20.73. A further resistance level may holdings at 21.04. The Relative Strength Index (RSI) on the 14-day chart is 58.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.91%. Stochastics %K at 49.18% indicates the stock is a holding.

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