Piper Sandler Remains a Buy on Universal Insurance Holdings (UVE)
Piper Sandler analyst Paul Newsome maintained a Buy rating on Universal Insurance Holdings today and set a price target of $29.00. The company’s shares closed yesterday at $25.80.
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Newsome covers the Financial sector, focusing on stocks such as Arthur J Gallagher & Co, Hartford Financial, and Slide Insurance Holdings, Inc.. According to TipRanks, Newsome has an average return of 12.2% and a 69.88% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Universal Insurance Holdings with a $28.00 average price target.
The company has a one-year high of $28.49 and a one-year low of $16.50. Currently, Universal Insurance Holdings has an average volume of 212.3K.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UVE in relation to earlier this year. Last month, Sean Downes, the EC of UVE sold 20,000.00 shares for a total of $506,800.00.
