Universal Insurance (UVE) Announces $20M Share Buyback

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Go back to Universal Insurance (UVE) Announces $20M Share Buyback

Universal Announces New $20 Million Share Repurchase Authorization

March 12, 2024 8:30 AM EDT

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Universal Insurance Holdings, Inc. (NYSE: UVE) (Universal or the Company) announced today that its Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to $20 million of its outstanding shares of common stock through March 11, 2026.

Share repurchases may be made by the Company from time to time in open market transactions at prevailing market prices. The Company intends to effect repurchase transactions in compliance with Rule 10b-18 under the Securities Exchange Act of 1934 and the Companys insider trading policy.

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