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Universal Insurance Holdings, Inc. Buyback

OLI recorded this information on 5/6/2019

Company: Universal Insurance Holdings, Inc.
Buyback: UVE buyback
$Amount Authorized: $40,000,000
Buyback Details: Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that its Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to $40 million of its outstanding shares of common stock through December 31, 2020. This new authorization follows the existing $20 million share repurchase program that is expected to be completed in the second quarter of 2019.

Universal Insurance Holdings is a holding company. Through its subsidiaries, Co. provides property and casualty insurance and insurance services. Co.'s products and services include: Insurance Products, which provide various types of personal residential insurance such as homeowners, renters/tenants, condo unit owners, and dwelling/fire; Risk Management, in which its subsidiary, Evolution Risk Advisors, Inc., advises on actuarial issues, oversees distribution, administers claims payments, performs policy administration and underwriting, and assists with reinsurance negotiations; and Distribution, which provides policies through its direct-to-consumer online distribution platforms.

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Company Name: 
Universal Insurance Holdings Inc
Stock buyback: 
UVE buyback
Website: 
www.universalinsuranceholdings.com
Sector: 
Insurance Brokers
Number of ETFs Holding UVE: 
43
Total Market Value Held by ETFs: 
$74.24M
Total Market Capitalization: 
$411.00M
% of Market Cap. Held by ETFs: 
18.06%
 

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Hold (2.00 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)

Analysts' Target Price:
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