Counterpoint Mutual Funds LLC bought a brand new stake in Common Insurance coverage Holdings, Inc. (NYSE:UVE – Get Score) within the third quarter, in accordance with the corporate in its most up-to-date 13F submitting with the Securities and Trade Fee (SEC). The agency bought 9,880 shares of the insurance coverage supplier’s inventory, valued at roughly $97,000.
Different hedge funds have additionally made modifications to their positions within the firm. Nice West Life Assurance Co. Can elevated its place in Common Insurance coverage by 3.8% throughout the 1st quarter. Nice West Life Assurance Co. Can now owns 25,286 shares of the insurance coverage supplier’s inventory value $350,000 after buying an extra 916 shares within the final quarter. Whittier Belief Co. bought a brand new stake in Common Insurance coverage throughout the 2nd quarter value about $26,000. KBC Group NV bought a brand new stake in Common Insurance coverage throughout the 2nd quarter value about $26,000. Allspring International Investments Holdings LLC elevated its place in Common Insurance coverage by 137.4% throughout the third quarter. Allspring International Investments Holdings LLC now owns 3,943 shares of the insurance coverage supplier’s inventory value $38,000 after buying an extra 2,282 shares within the final quarter. Lastly, Nordea Funding Administration AB elevated its place in Common Insurance coverage by 1.4% throughout the 2nd quarter. Nordea Funding Administration AB now owns 196,696 shares of the insurance coverage supplier’s inventory value $2,486,000 after buying an extra 2,682 shares within the final quarter. Hedge funds and different institutional buyers personal 66.85% of the corporate’s inventory.
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Insider Exercise at Common Insurance coverage
In different Common Insurance coverage information, Director Francis Xavier Mccahill III acquired 3,000 shares of the corporate’s inventory in a transaction on Monday, October thirty first. The shares have been purchased at a median value of $10.17 per share, for a complete transaction of $30,510.00. Following the acquisition, the director now straight owns 13,337 shares of the corporate’s inventory, valued at $135,637.29. The transaction was disclosed in a doc filed with the Securities & Trade Fee, which may be accessed by means of this hyperlink. In different Common Insurance coverage information, Director Francis Xavier Mccahill III acquired 3,000 shares of the corporate’s inventory in a transaction on Monday, October thirty first. The shares have been purchased at a median value of $10.17 per share, for a complete transaction of $30,510.00. Following the acquisition, the director now straight owns 13,337 shares of the corporate’s inventory, valued at $135,637.29. The transaction was disclosed in a doc filed with the Securities & Trade Fee, which may be accessed by means of this hyperlink. Additionally, Director Jon Springer offered 16,861 shares of Common Insurance coverage inventory in a transaction that occurred on Wednesday, December seventh. The inventory was offered at a median worth of $11.34, for a complete worth of $191,203.74. Following the sale, the director now owns 523,672 shares within the firm, valued at $5,938,440.48. The disclosure for this sale may be discovered right here. Firm insiders personal 16.10% of the corporate’s inventory.
Common Insurance coverage Inventory Efficiency
NYSE UVE opened at $12.12 on Friday. The agency has a market capitalization of $369.82 million, a P/E ratio of -3.91 and a beta of 0.96. Common Insurance coverage Holdings, Inc. has a 1-year low of $8.39 and a 1-year excessive of $18.59. The corporate has a debt-to-equity ratio of 0.40, a present ratio of 0.69 and a fast ratio of 0.69. The enterprise’s 50-day easy transferring common is $10.78 and its 200-day easy transferring common is $11.10.
Common Insurance coverage (NYSE:UVE – Get Score) final launched its quarterly earnings knowledge on Thursday, October twenty seventh. The insurance coverage supplier reported ($2.27) earnings per share for the quarter, beating the consensus estimate of ($2.51) by $0.24. The enterprise had income of $312.81 million for the quarter, in comparison with analyst estimates of $307.12 million. Common Insurance coverage had a unfavorable return on fairness of twenty-two.70% and a unfavorable web margin of 8.06%. Equities analysts predict that Common Insurance coverage Holdings, Inc. will put up -1.4 EPS for the present 12 months.
Common Insurance coverage Declares Dividend
The enterprise additionally not too long ago introduced a quarterly dividend, which was paid on Friday, December sixteenth. Traders of report on Friday, December ninth have been issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, December eighth. This represents a $0.64 annualized dividend and a dividend yield of 5.28%. Common Insurance coverage’s payout ratio is at present -20.65%.
Wall Road Analysts Forecast Development
A lot of analysts not too long ago commented on the corporate. StockNews.com reduce Common Insurance coverage from a “purchase” ranking to a “maintain” ranking in a analysis report on Friday, January thirteenth. TheStreet lowered Common Insurance coverage from a “c-” ranking to a “d+” ranking in a analysis be aware on Thursday, October twenty seventh. Lastly, Piper Sandler raised their worth goal on Common Insurance coverage from $10.00 to $11.00 in a analysis be aware on Tuesday, January tenth.
Common Insurance coverage Profile
Common Insurance coverage Holdings, Inc, along with its subsidiaries, operates as an built-in insurance coverage holding firm in the USA. The corporate develops, markets, and underwrites insurance coverage merchandise for private residential insurance coverage, akin to householders, renters/tenants, condominium unit house owners, and dwelling/fireplace; and provides allied strains, protection for different buildings, and private property, legal responsibility, and private articles coverages.
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This immediate information alert was generated by narrative science know-how and monetary knowledge from MarketBeat so as to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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