UVE Stock: Insider Activity, Filings & Research

Universal Insurance Holdings, Inc. (UVE) — Drillr’s hub for UVE insider activity, SEC filings, earnings signals and AI research. Over the trailing 3 months, UVE insiders filed 0 open-market buys and 11 sales (SEC Form 4).

Sentiment

0/100

Buys (3m)

Sells (3m)

Net (3m)

-$2.7M

Insider trades by month Buys Sells

Oct

Nov

Dec

Mar

Apr

May

Context3-month price -1.9%Institutions accumulating (13F)

Date	Insider	Type	Shares	Price
May 15, 2026	DOWNES SEAN Pdirector, officer: Executive Chairman	Sell	19,518	$38.71
May 15, 2026	DOWNES SEAN Pdirector, officer: Executive Chairman	Sell	482	$39.40
May 14, 2026	PIETRANGELO MICHAELdirector	Sell	3,000	$39.55
May 14, 2026	PIETRANGELO MICHAELdirector	Sell	4,500	$39.29
Apr 30, 2026	DOWNES SEAN Pdirector, officer: Executive Chairman	Sell	2,244	$41.01
Apr 30, 2026	DOWNES SEAN Pdirector, officer: Executive Chairman	Sell	5,837	$40.08
Apr 30, 2026	DOWNES SEAN Pdirector, officer: Executive Chairman	Sell	11,919	$39.25
Mar 31, 2026	Campos Kimberly Ddirector, officer: CIO & CAO	Sell	946	$34.12
Mar 31, 2026	Wilcox Frankofficer: CFO	Option	2,503	—
Mar 31, 2026	Donaghy Stephendirector, officer: CEO	Tax	6,286	$34.16
Mar 31, 2026	Donaghy Stephendirector, officer: CEO	Option	14,598	—
Mar 31, 2026	PETERSON RICHARD Ddirector	Sell	2,000	$34.10
Mar 31, 2026	Wilcox Frankofficer: CFO	Tax	610	$33.67
Mar 31, 2026	DOWNES SEAN Pdirector, officer: Executive Chairman	Tax	3,592	$34.16
Mar 31, 2026	DOWNES SEAN Pdirector, officer: Executive Chairman	Tax	3,283	$33.67

Source: UVE SEC Form 4 filings, latest May 15, 2026. For informational purposes only — not investment advice.

Overview

Universal Insurance Holdings, Inc. (NASDAQ:UVE) is a Fort Lauderdale-based integrated insurance holding company that has been operating since its incorporation in 1990. Originally known as Universal Heights, Inc., the company changed its name to Universal Insurance Holdings in January 2001 and went public in 2003. Universal Insurance has evolved from a Florida-focused property insurer into a multi-state operation, now serving customers across 19 states with a diversified portfolio of residential property insurance products.

Business

Universal Insurance operates in the property and casualty insurance industry, specifically focusing on personal residential insurance coverage. The company develops, markets, and underwrites various insurance products designed to protect homeowners and renters from property damage and liability risks. The company's core offerings include homeowners insurance, which provides comprehensive coverage for single-family homes including the structure, personal belongings, and liability protection. Renters and tenants insurance covers personal property and liability for individuals who do not own their residence. Condominium unit owners insurance protects condo owners' personal property and interior improvements, while dwelling and fire insurance covers rental properties and secondary homes. Beyond basic property coverage, Universal Insurance offers allied lines which include additional protections such as coverage for other structures on the property (like detached garages or sheds), personal property coverage for belongings, general liability protection, and personal articles coverage for high-value items like jewelry or art. The company operates through multiple distribution channels. It maintains a network of independent insurance agents who sell policies on behalf of Universal Insurance, and also operates Universal Direct, a direct-to-consumer online platform that allows homeowners to purchase, pay for, and bind policies without going through an agent. Additionally, the company runs Clovered.com, an online comparison platform where consumers can receive side-by-side quotes from various insurance carriers across multiple states, along with educational materials about homeowners insurance. Universal Insurance also provides various support services including actuarial consulting, distribution oversight, claims administration and payments, policy administration and underwriting services, and assistance with reinsurance negotiations. The company places and manages reinsurance programs for its insurance entities, which is crucial for managing catastrophic risk exposure.

Competitive moat

Universal Insurance possesses a moderate competitive moat built primarily on regulatory barriers, local market expertise, and operational scale, though this moat faces ongoing challenges from industry dynamics. The company's strongest competitive advantage lies in its regulatory licensing and expertise. Insurance is a heavily regulated industry requiring state-by-state licensing, regulatory approval for rates and policy forms, and substantial capital requirements. Universal Insurance's established presence across 19 states, particularly its deep expertise in the challenging Florida market, creates meaningful barriers for new entrants who must navigate complex regulatory environments. Local market knowledge and claims handling capabilities provide another competitive advantage. The company's experience managing hurricane-related claims and its in-house claims adjusting operations create operational efficiencies and cost advantages over competitors who outsource these functions. This expertise is particularly valuable in catastrophe-prone markets like Florida. Reinsurance relationships and program management represent a significant competitive asset. Universal Insurance's ability to secure favorable reinsurance terms, including multi-year capacity agreements, demonstrates strong relationships with reinsurers. The company's track record of securing 90%+ of its catastrophe reinsurance tower well before renewal seasons indicates strong market credibility. However, the company's moat faces several challenges. The commoditized nature of property insurance means that price competition can be intense, and customers can relatively easily switch carriers. Regulatory pressure can force rate reductions even when not economically justified, as seen with Universal Insurance's modest rate decreases in Florida despite strong performance. Capital requirements and reinsurance availability can create barriers, but well-capitalized competitors and insurance market cycles can erode these advantages. The entry of new competitors into Florida markets, as noted by management, demonstrates that regulatory barriers alone are insufficient to prevent competition. Technology and direct-to-consumer platforms are increasingly important, and Universal Insurance's investments in Universal Direct and Clovered.com help maintain competitiveness, though these capabilities can be replicated by well-funded competitors.

Risks & safety

Universal Insurance demonstrates a strong margin of safety with robust financial metrics and conservative risk management practices. **Liquidity and Solvency:** 1. Strong cash position of $400.8 million as of Q1 2025, providing substantial liquidity buffer 2. Positive operating cash flow of $186.8 million in Q1 2025 and $137.4 million for full year 2024 3. Free cash flow of $185.5 million in Q1 2025, demonstrating strong cash generation 4. Debt-to-equity ratio of 0.24, indicating conservative leverage 5. No significant solvency concerns with total assets of $2.7 billion vs. total liabilities of $2.3 billion **Valuation Metrics:** 1. Price-to-earnings ratio of 4.0x (Q1 2025), suggesting potential undervaluation 2. Price-to-book ratio of 1.58x, reasonable for an insurance company 3. EV/EBITDA of 1.67x, indicating attractive valuation relative to cash generation 4. Return on equity of 9.8%, demonstrating efficient capital utilization **Other Considerations:** 1. Comprehensive reinsurance coverage with $3+ billion catastrophe tower limits exposure to major losses 2. Geographic diversification across 19 states reduces concentration risk 3. Strong underwriting discipline with combined ratios consistently near or below 100% 4. Regulatory capital requirements met with adequate surplus

Recent development

Over the past few years, Universal Insurance has executed several strategic initiatives focused on geographic diversification, operational efficiency, and risk management optimization. Geographic Expansion Strategy: The company has significantly expanded beyond its Florida roots, growing from primarily a Florida-focused insurer to operating across 19 states. Most recently, Universal Insurance entered the Wisconsin market, demonstrating continued commitment to geographic diversification. Growth in states outside Florida has been particularly strong, with 34.7% growth in Q1 2025 and consistent 30%+ growth rates in prior quarters, while Florida growth has been more modest at around 0-3% annually. Legislative Benefits Realization: The December 2022 Florida tort reform legislation has provided substantial operational benefits. The company has seen measurable improvements in litigation trends, with reductions in total claims, represented claims, assigned claims, and daily claims volume. These reforms eliminated one-way attorney fees and shortened claims filing deadlines, directly impacting Universal Insurance's loss costs and enabling the company to file modest rate decreases in Florida. Reinsurance Program Enhancement: Universal Insurance has strengthened its catastrophic risk management through enhanced reinsurance programs. The company has secured multi-year reinsurance capacity, including $352 million in additional multi-year coverage for 2025-2026. Management has consistently secured 90%+ of desired catastrophe reinsurance towers well before renewal seasons, demonstrating strong reinsurer relationships and program management capabilities. Technology and Distribution Innovation: The company has invested in direct-to-consumer capabilities through Universal Direct and expanded its online presence with Clovered.com, which provides comparison shopping and educational resources. These platforms reduce dependence on traditional agent distribution and improve customer acquisition costs. Operational Efficiency Focus: Universal Insurance has emphasized profitability over growth, with management repeatedly stating they are "laser-focused on profitability" and growing only where business is profitable. This disciplined approach has resulted in improved combined ratios and consistent underwriting profitability despite challenging market conditions.

UVE company profile · for informational purposes only — not investment advice.

Track UVE with Drillr

SEC filings, earnings calls, insider activity, alt-data signals — all queryable through Drillr's AI terminal and MCP API.

Try Drillr for free