The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Universal Insurance Holdings Inc shares valued at $1,025,595 were sold by DOWNES SEAN P on Dec 30 ’24. At $20.51 per share, DOWNES SEAN P sold 50,000 shares. The insider’s holdings dropped to 985,320 shares worth approximately $19.38 million following the completion of this transaction.
Also, DOWNES SEAN P purchased 50,000 shares, netting a total of over 1,020,500 in proceeds.
Before that, Springer Jon had sold 25,000 shares from its account. In a trade valued at $516,480, the Director traded Universal Insurance Holdings Inc shares for $20.66 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $7.05 million.
As published in a research note from Piper Sandler on February 27, 2023, Universal Insurance Holdings Inc [UVE] has been rated up from a Neutral to an Overweight and the price target has been revised to $19 from $11. Analysts at Piper Sandler started covering the stock with ‘”a Neutral”‘ outlook in a report released in late May. As of November 04, 2019, Keefe Bruyette has decreased its “Mkt perform” rating to a “an Underperform” for UVE. Earlier on July 27, 2018, Keefe Bruyette downgraded its rating. Their new recommendation was “a Mkt perform” for UVE stock which previously was a “an Outperform”.
Analyzing UVE Stock Performance
During the last five days, there has been a drop of approximately -6.60%. Over the course of the year, Universal Insurance Holdings Inc shares have dropped approximately -6.60%. Shares of the company reached a 52-week high of $21.23 on 01/02/25 and a 52-week low of $19.33 on 01/08/25. A 50-day SMA is recorded $21.37, while a 200-day SMA reached $20.17. Nevertheless, trading volume fell to 0.14 million shares from 0.15 million shares the previous day.
Support And Resistance Levels for Universal Insurance Holdings Inc (UVE)
According to the 24-hour chart, there is a support level at 19.41, which, if violated, would cause prices to drop to 19.15. In the upper region, resistance lies at 19.85. The next price resistance is at 20.04. RSI (Relative Strength Index) is 32.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.76, which suggests the price will decrease in the coming days. Percent R is at 84.44%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
