Have Universal Insurance Holdings Insiders Been Selling Stock?

Some Universal Insurance Holdings, Inc. (NYSE:UVE) shareholders may be a little concerned to see that the CEO & Director, Stephen Donaghy, recently sold a substantial US$1.7m worth of stock at a price of US$33.92 per share. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 7.3%.

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Universal Insurance Holdings Insider Transactions Over The Last Year

In fact, the recent sale by Stephen Donaghy was the biggest sale of Universal Insurance Holdings shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$33.80. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Insiders in Universal Insurance Holdings didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Check out our latest analysis for Universal Insurance Holdings

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Insider Ownership Of Universal Insurance Holdings

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 9.2% of Universal Insurance Holdings shares, worth about US$88m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Universal Insurance Holdings Insiders?

Insiders haven't bought Universal Insurance Holdings stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that Universal Insurance Holdings is growing earnings. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Universal Insurance Holdings. At Simply Wall St, we've found that Universal Insurance Holdings has 2 warning signs (1 doesn't sit too well with us!) that deserve your attention before going any further with your analysis.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.