On August 23, 2024, Jon Springer, Director at Universal Insurance Holdings Inc (NYSE:UVE), sold 38,849 shares of the company. The transaction was reported through an SEC filing on the same day. Following this sale, the insider now owns 435,050 shares of Universal Insurance Holdings Inc.
Universal Insurance Holdings Inc. is a comprehensive insurance holding company primarily engaged in homeowners insurance, offering a range of insurance products for homeowners, renters and condominium owners. The company operates through its various subsidiaries, ensuring broad reach and diversified risk management.
Over the last year, Jon Springer has sold a total of 96,118 shares and has not purchased any shares of the company. This latest transaction is part of a broader trend seen within the company. Over the last year, there have been 10 insider sales and just 1 insider purchase.
On the day of the last transaction, Universal Insurance Holdings Inc. shares were trading at $20.76. This price values the company at a market capitalization of approximately $592.172 million. The stock’s price-to-earnings ratio is 7.35, which is below both the industry median of 11.455 and the company’s historical median.
The GF Value of the stock is estimated at $18.55, resulting in a Price to GF Value ratio of 1.12. This suggests that Universal Insurance Holdings Inc. is currently slightly overvalued based on its GF Value.
The GF Value is calculated by taking into account historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, along with a GuruFocus adjustment factor based on past earnings and growth as well as Morningstar analyst estimates of future business performance.
This insider sale may be of interest to investors who follow insider behavior as an indicator of the level of confidence in the company’s current valuation and future prospects.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
