Universal Insurance Holdings(NYSE:UVE) Declares Dividend of $0.1400.

Universal Insurance Holdings (NYSE:UVE) had declared a cash dividend of $0.1400 on Sep 16, 2016. The shares will quote ex-dividend on Sep 8, 2016 and the record date has been fixed for Sep 12, 2016. On Sep 16, 2016 share price, the yield comes out to be 2.3304%. The dividend payable date has been fixed on Oct 24, 2016.

Universal Insurance Holdings (UVE) made into the market gainers list on Thursdays trading session with the shares advancing 2.30% or 0.57 points. Due to strong positive momentum, the stock ended at $25.37, which is also near the day’s high of $25.55. The stock began the session at $24.95 and the volume stood at 2,59,243 shares. The 52-week high of the shares is $37.49 and the 52 week low is $15.86. The company has a current market capitalization of $890 M and it has 3,50,77,903 shares in outstanding.

Universal Insurance Holdings(UVE) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $169.80M. Analysts had an estimated revenue of $167.40M. Earnings per share were $0.94. Analysts had estimated an EPS of $0.83.

Several Insider Transactions has been reported to the SEC. On Jun 13, 2016, Sean P Downes (CEO) purchased 5,300 shares at $18.61 per share price.Also, On May 18, 2016, Jon Springer (President and CRO) purchased 2,300 shares at $18.91 per share price.On Nov 27, 2015, Stephen Donaghy (officer ) purchased 19,705 shares at $20.30 per share price, according to the Form-4 filing with the securities and exchange commission.

Universal Insurance Holdings Inc. (UIH) with its wholly owned subsidiaries is a vertically integrated insurance holding company performing all aspects of insurance underwriting distribution and claims. The Company’s offers homeowners’ insurance through the Insurance Entities Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC). Substantially all aspects of insurance underwriting distribution and claims processing are performed by the Company’s subsidiaries. UPCIC a wholly owned subsidiary of the Company is a writer of homeowners insurance in Florida and has commenced its operations in North Carolina South Carolina Hawaii Georgia Massachusetts Maryland Delaware and Indiana. APPCIC also a wholly owned subsidiary writes homeowners multi-peril insurance on Florida homes valued in excess of $1 million which are limits and coverages currently not targeted through its affiliate UPCIC.

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