In a filing, Universal Insurance Holdings Inc revealed its Executive Chairman DOWNES SEAN P unloaded Company’s shares for reported $0.37 million on Jun 14 ’24. In the deal valued at $18.31 per share,20,000 shares were sold. As a result of this transaction, DOWNES SEAN P now holds 1,142,262 shares worth roughly $20.98 million.
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Then, PIETRANGELO MICHAEL sold 12,351 shares, generating $252,284 in total proceeds. Upon selling the shares at $20.43, the Director now owns 80,074 shares.
Before that, DOWNES SEAN P sold 20,000 shares. Universal Insurance Holdings Inc shares valued at $394,434 were divested by the Executive Chairman at a price of $19.72 per share. As a result of the transaction, DOWNES SEAN P now holds 1,162,262 shares, worth roughly $21.35 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 -2.24% to $18.37. Over the last five days, the stock has lost -1.87%. Universal Insurance Holdings Inc shares have risen nearly 14.96% since the year began. Nevertheless, the stocks have risen 11.94% 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 $19.55, while 200 days put it at $17.17. A total of 0.11 million shares were traded, compared to the trading of 0.13 million shares in the previous session.
Levels Of Support And Resistance For UVE Stock
The 24-hour chart illustrates a support level at 18.17, which if violated will result in even more drops to 17.98. On the upside, there is a resistance level at 18.75. A further resistance level may holdings at 19.14. The Relative Strength Index (RSI) on the 14-day chart is 39.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.29%. Stochastics %K at 16.22% indicates the stock is a buying.
