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Stock impact report

Universal Insurance Holdings Announces New $40 Million Share Repurchase Authorization

UNIVERSAL INSURANCE HOLDINGS INC (UVE) 
NASDAQ:AMEX Investor Relations: universalinsuranceholdings.com
Company Research Source: Business Wire
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Universal Insurance Holdings, Inc. announced today that its Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to $40 million of its outstanding shares of common stock through December 31, 2021. This new authorization follows the existing $40 million share repurchase program that is expected to be completed in the fourth quarter of 2019.Share repurchases may be made by the Company from time to time in open market transactions at prevailing market prices and are subject to relevant rules under the Securities Exchange Act of 1934, as amended (Exchange Act). The Company intends to effect repurchase transactions in compliance with Rule 10b-18 under the Exchange Act and the Company’s insider trading policy.About Universal Insurance Holdings, Inc.Universal Insurance Holdings (UVE) is a holding company offering property and casualty insurance and value-added insurance services. We develop, mar Show less Read more
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