Executive Chairman Sean Downes Sells $764K in Company Stock
UVE sits 73% above its 52-week low of $21.96.
Summary
Universal Insurance Holdings' Executive Chairman, Sean P. Downes, sold $764,336 worth of company stock, continuing a trend of insider selling.
Key Events · Ownership and Investor Activity · UVE
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Executive Chairman Sells Shares
Sean P. Downes, Executive Chairman and Director, disposed of 20,000 shares of Universal Insurance Holdings common stock.
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Significant Transaction Value
The open market sale totaled $764,336 at an average price of $38.22 per share on June 11, 2026.
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Continues Insider Selling Trend
This sale follows a previous transaction by Mr. Downes on May 15, 2026, where he sold $774,604 in company stock, reinforcing a pattern of insider distribution.
Analysis · UVE · Finance
Sean P. Downes, the Executive Chairman and a Director, sold a notable amount of company stock. This transaction, valued at over $764,000, represents a significant disposition by a key insider and continues a recent pattern of insider selling at the company, including a similar sale by Mr. Downes last month. Such sales can be interpreted by investors as a lack of conviction in the company's near-term prospects.
At the time of this filing, UVE was trading at $37.95 on NYSE in the Finance sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $21.96 to $41.96. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.