Key Developments: Universal Insurance Holdings Inc (UVE.A)

UVE.A on American Stock Exchange

13.01USD
2 Dec 2013
Price Change (% chg)

$0.61 (+4.92%)
Prev Close
$12.40
Open
$12.58
Day's High
$13.08
Day's Low
$11.82
Volume
195,698
Avg. Vol
74,242
52-wk High
$15.40
52-wk Low
$6.32

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Latest Key Developments (Source: Significant Developments)

Universal Insurance Holdings Inc Announces Additional Share Repurchase
Thursday, 1 Aug 2013 04:05pm EDT 

Universal Insurance Holdings Inc announced that it has repurchased an additional 350,000 shares of the Company's common stock from Bradley I. Meier, the Company's former Chief Executive Officer, at $7.02 per share, in a privately negotiated transaction. As previously announced, the Company has a right of first refusal to purchase shares of the Company's common stock offered for sale by Mr. Meier through December 31, 2014. The repurchase price represents a discount of 10.7% from closing price of the Company's common stock.  Full Article

Universal Insurance Holdings Inc Declares Cash Dividend Of $0.08 Per Share
Thursday, 18 Apr 2013 04:10pm EDT 

Universal Insurance Holdings Inc announced that its board of directors declared a cash dividend of $0.08 per share to be paid on June 17, 2013, to shareholders of record on June 3, 2013. The dividend declaration is consistent with the Company's previously announced intention to declare a dividend of $0.08 per share in the second, third and fourth quarters of 2013. If declared and paid as intended, the annual dividend in 2013 would be $0.32 for each common share.  Full Article

Universal Insurance Holdings Inc Appoints Sean Downes as President and CEO
Friday, 22 Feb 2013 04:09pm EST 

Universal Insurance Holdings Inc announced that the Board of Directors appointed Sean P. Downes to succeed Bradley I. Meier as President and Chief Executive Officer of the Company, effective as of the close of business . Mr. Downes will remain a director of the Company.  Full Article

Universal Insurance Holdings Inc Declares Cash Dividend Of $0.08 Per Share
Friday, 8 Feb 2013 01:01pm EST 

Universal Insurance Holdings Inc announced that its board of directors declared a cash dividend of $0.08 per share to be paid on April 5, 2013, to shareholders of record on March 14, 2013. The board further indicated that it expects to declare additional quarterly dividends in the same amount to shareholders of record in the second, third and fourth quarters of 2013. If declared and paid as intended, the annual dividend in 2013 would be $0.32 for each common share.  Full Article

Universal Insurance Holdings Inc Announces Bradley Meier's Resignation as Chairman, President and Chief Executive Officer
Wednesday, 6 Feb 2013 04:15pm EST 

Universal Insurance Holdings Inc announced that Bradley I. Meier will resign as Chairman, President and Chief Executive Officer(CEO) of the Company to pursue other opportunities outside the residential homeowners insurance industry. Mr. Meier's resignation will be effective as of February 22, 2013. Mr. Meier will remain available to the Company as needed in an advisory capacity. The Company also announced that it expects that Sean P. Downes will become President and CEO. Mr. Downes, has been the Company's Senior Vice President, Chief Operating Officer and a director since January 2005, and Chief Operating Officer and a director of Universal Property & Casualty Insurance Company, a wholly-owned subsidiary of the Company. The Company further announced that it expects that Jon W. Springer will become Chief Operating Officer.  Full Article

Universal Insurance Holdings Inc Declares Cash Dividend Of $0.20 Per Share
Wednesday, 28 Nov 2012 04:02pm EST 

Universal Insurance Holdings Inc announced that its board of directors declared a cash dividend of $0.20 per share of common stock to be paid on December 28, 2012 to shareholders of record on December 14, 2012.  Full Article

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