Sean Downes P, Exec COB at Universal Insurance Holdings, Inc., Sells Shares Worth $879,562

Universal Insurance Holdings, Inc. (UVE) disclosed that Sean Downes P, who holds the position of Exec COB at the company, was involved in selling 20,000 shares, per a Form 4 filing with the SEC.

The transaction was executed at a price of $43.98 per share, for a total value of approximately $879,562.

Company insiders are required to disclose changes in their stock ownership to the SEC on Form 4, typically within two business days of the trade.

Insider sales are common and can occur for reasons unrelated to a company's outlook, including scheduled trading plans, diversification, or personal financial planning.