MAY 1·Quantisnow→
KBRA Assigns Issuer Rating to Universal Insurance Holdings and Preliminary Rating to Senior Unsecured Note Offering
KBRA has assigned an issuer rating to Universal Insurance Holdings (UVE) and a preliminary rating to its senior unsecured note offering. The article highlights recent activities for UVE, including an executive's share sale, multiple SEC filings, and recent financial results and dividend announcements. Quantisnow, a market data platform, delivered this insight to investors.
MAY 1·MarketBeat→
Universal Insurance (NYSE:UVE) Chairman Sean Downes Sells 20,000 Shares of Stock
Universal Insurance Holdings Inc (NYSE:UVE) Chairman Sean Downes sold 20,000 shares of the company's stock on April 29th at an average price of $39.69, totaling $793,800. This reduced his stake by 1.66% to 1,188,255 shares, valued at approximately $47.16 million. The sale occurred shortly after the company announced quarterly earnings where EPS beat expectations but revenue missed, and declared a quarterly dividend.