Universal Insurance (UVE) Announces $40M Stock Buyback

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Go back to Universal Insurance (UVE) Announces $40M Stock Buyback

Universal Insurance Holdings Announces New $40 Million Share Repurchase Authorization

May 6, 2019 4:15 PM EDT

FORT LAUDERDALE, Fla., May 6, 2019 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) 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, 2020. This new authorization follows the existing $20 million share repurchase program that is expected to be completed in the second 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... More