This Insider Has Just Sold Shares In Universal Insurance Holdings
Some Universal Insurance Holdings, Inc. (NYSE:UVE) shareholders may be a little concerned to see that the Independent Director, Jon Springer, recently sold a substantial US$2.0m worth of stock at a price of US$48.85 per share. That sale reduced their total holding by 17% which is hardly insignificant, but far from the worst we've seen.
Universal Insurance Holdings Insider Transactions Over The Last Year
Notably, that recent sale by Jon Springer is the biggest insider sale of Universal Insurance Holdings shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$46.75. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
Universal Insurance Holdings insiders didn't buy any shares over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
View our latest analysis for Universal Insurance Holdings
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Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Universal Insurance Holdings insiders own about US$114m worth of shares (which is 8.8% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The Universal Insurance Holdings Insider Transactions Indicate?
Insiders sold Universal Insurance Holdings shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. But it is good to see that Universal Insurance Holdings is growing earnings. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Universal Insurance Holdings. To help with this, we've discovered 2 warning signs (1 doesn't sit too well with us!) that you ought to be aware of before buying any shares in Universal Insurance Holdings.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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