Universal Insurance Holdings Inc’s filing revealed that its Executive Chairman DOWNES SEAN P unloaded Company’s shares for reported $1.03 million on Dec 30 ’24. In the deal valued at $20.51 per share,50,000 shares were sold. As a result of this transaction, DOWNES SEAN P now holds 985,320 shares worth roughly $ 20.12 million.
Then, DOWNES SEAN P bought 50,000 shares, generating $1,020,500 in total proceeds.
Before that, Springer Jon sold 25,000 shares. Universal Insurance Holdings Inc shares valued at $516,480 were divested by the Director at a price of $20.66 per share. As a result of the transaction, Springer Jon now holds 358,228 shares, worth roughly $7.32 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 Friday, Universal Insurance Holdings Inc [NYSE:UVE] saw its stock jump 0.49% to $20.42. Over the last five days, the stock has gained 2.36%. Universal Insurance Holdings Inc shares have fallen nearly -3.04% since the year began. Nevertheless, the stocks have risen 24.55% over the past one year. While a 52-week high of $23.26 was reached on 01/02/25, a 52-week low of $16.41 was recorded on 01/13/25. SMA at 50 days reached $20.34, while 200 days put it at $20.19.
Levels Of Support And Resistance For UVE Stock
The 24-hour chart illustrates a support level at 20.21, which if violated will result in even more drops to 20.00. On the upside, there is a resistance level at 20.62. A further resistance level may holdings at 20.82. The Relative Strength Index (RSI) on the 14-day chart is 58.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.73%. Stochastics %K at 85.72% indicates the stock is a selling.
How much short interest is there in Universal Insurance Holdings Inc?
A steep rise in short interest was recorded in Universal Insurance Holdings Inc stocks on 2025-01-31, growing by 42706.0 shares to a total of 0.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 0.31 million shares. There was a rise of 11.99%, which implies that there is a positive sentiment for the stock.
