Universal Insurance Holdings, Inc. Could Decline a Lot According to The Today’s Call Option Activity

 Universal Insurance Holdings, Inc. Could Decline a Lot According to The Today's Call Option Activity

In today’s session Universal Insurance Holdings, Inc. (UVE) recorded an unusually high (919) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious UVE decrease. With 919 contracts traded and 154 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: UVE161021P00020000 closed last at: $0.45 or 12.5% up. About 1.60 million shares traded hands or 286.15% up from the average. Universal Insurance Holdings, Inc. (NYSE:UVE) has risen 4.95% since March 4, 2016 and is uptrending. It has underperformed by 3.09% the S&P500.

Analysts await Universal Insurance Holdings, Inc. (NYSE:UVE) to report earnings on November, 3.

According to Zacks Investment Research, “Universal Insurance Holdings, Inc., through its wholly-owned subsidiary, Universal Property & Casualty Insurance Company (UPCIC), is currently engaged in insurance underwriting, distribution and claims. UPCIC generates revenue from the collection and investment of premiums. The Company’s agency operations which include Universal Florida Insurance Agency and U.S. Insurance Solutions, Inc. generate income from policy fees, commissions, premium financing referral fees and the marketing of ancillary services.”

Insitutional Activity: The institutional sentiment decreased to 0.84 in 2016 Q2. Its down 0.15, from 0.99 in 2016Q1. The ratio is negative, as 22 funds sold all Universal Insurance Holdings, Inc. shares owned while 55 reduced positions. 18 funds bought stakes while 47 increased positions. They now own 24.96 million shares or 4.05% less from 26.02 million shares in 2016Q1.
Systematic Financial Mngmt Lp holds 0.07% of its portfolio in Universal Insurance Holdings, Inc. (NYSE:UVE) for 270,830 shares. National Bank & Trust Of Montreal Can has invested 0% of its portfolio in Universal Insurance Holdings, Inc. (NYSE:UVE). Louisiana State Employees Retirement reported 14,300 shares or 0.01% of all its holdings. Shell Asset Mngmt Com has invested 0.02% of its portfolio in Universal Insurance Holdings, Inc. (NYSE:UVE). Vanguard Group holds 0% or 3.43 million shares in its portfolio. Moreover, Sii Invs Wi has 0.13% invested in Universal Insurance Holdings, Inc. (NYSE:UVE) for 84,223 shares. Advisory Ser Networks Lc, a Georgia-based fund reported 3,977 shares. Moreover, Martingale Asset Mgmt L P has 0.01% invested in Universal Insurance Holdings, Inc. (NYSE:UVE) for 38,844 shares. Amp Capital Invsts Ltd has invested 0% of its portfolio in Universal Insurance Holdings, Inc. (NYSE:UVE). Herndon Cap Management Limited has 362 shares for 0% of their US portfolio. Qs Limited Liability Company has invested 0.03% of its portfolio in Universal Insurance Holdings, Inc. (NYSE:UVE). Lsv Asset Mgmt owns 1.38 million shares or 0.05% of their US portfolio. Ameriprise Fincl holds 558,142 shares or 0.01% of its portfolio. First Citizens Comml Bank And Trust Commerce last reported 0.03% of its portfolio in the stock. Northern Trust Corp reported 379,727 shares or 0% of all its holdings.

Insider Transactions: Since May 4, 2016, the stock had 5 buys, and 1 insider sale for $74,457 net activity. 10,000 shares were sold by Callahan Scott P., worth $218,200 on Tuesday, August 16. Another trade for 5,300 shares valued at $98,633 was made by DOWNES SEAN P on Monday, June 13. Springer Jon bought $49,977 worth of Universal Insurance Holdings, Inc. (NYSE:UVE) on Friday, May 13. PALMIERI RALPH J. bought $25,575 worth of stock or 1,500 shares.

Universal Insurance Holdings, Inc. is a private personal residential homeowners insurance firm in Florida. The company has a market cap of $690.22 million. The Firm performs substantially all aspects of insurance underwriting, policy issuance, general administration, and claims processing and settlement internally. It has a 6.78 P/E ratio. The Firm writes personal residential homeowners insurance policies, predominantly in Florida.

UVE Company Profile

Universal Insurance Holdings, Inc. (UVE), incorporated on November 13, 1990, is a private personal residential homeowners insurance firm in Florida. The Firm performs substantially all aspects of insurance underwriting, policy issuance, general administration, and claims processing and settlement internally. The Firm writes personal residential homeowners insurance policies, predominantly in Florida. The Firm also writes homeowners insurance policies in Delaware, Georgia, Hawaii, Indiana, Maryland, Massachusetts, Minnesota, North Carolina, Pennsylvania and South Carolina. The Firm is also licensed to issue policies in Alabama, Michigan, New Hampshire, Virginia and West Virginia. It has a distribution network of approximately 7,800 licensed independent agents. Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC, and together with UPCIC, the Insurance Entities) are its insurance operating subsidiaries.

More notable recent Universal Insurance Holdings, Inc. (NYSE:UVE) news were published by: Fool.com which released: “Why Shares of Universal Insurance Holdings, Inc. are Dropping Today” on October 06, 2016, also Marketwatch.com with their article: “Universal Insurance Holdings Inc.” published on November 12, 2010, Benzinga.com published: “Benzinga’s Volume Movers” on October 07, 2016. More interesting news about Universal Insurance Holdings, Inc. (NYSE:UVE) were released by: Prnewswire.com and their article: “Universal Insurance Holdings, Inc. Launches Universal Direct(SM) In Delaware …” published on September 08, 2016 as well as Prnewswire.com‘s news article titled: “Universal Insurance Holdings, Inc. Launches Universal Direct(SM) In Florida …” with publication date: September 26, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment