UVE - Universal Insurance Holdings Inc.

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Tiptopptrader, Apr 15, 2016.

  1. Tiptopptrader

    Tiptopptrader Well-Known Member

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    I made two trades today on UVE and now it is starting to come back as the market has recovered some. The earnings were good but like a lot of stocks the markets were not kind during a sell off

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  2. rg7803

    rg7803 Well-Known Member

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    Joined you today with a partial of what I intend. To increase my position need to see first more strenght.
     
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  3. Tiptopptrader

    Tiptopptrader Well-Known Member

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    UVE still dropping in this market melt down even though they beat on earnings. It was above the upper BB on earnings day on a meltdown day that could explain the drop as well as the Insurance sector down as it is today. I made another tier buy today when it dropped below 17...Markets getting worse as the DOW is now down 117 points

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  4. Tiptopptrader

    Tiptopptrader Well-Known Member

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  5. StockJock-e

    StockJock-e Brew Master
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    Come on $18, get over there!
     
  6. Tiptopptrader

    Tiptopptrader Well-Known Member

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    UVE Crossed Above Their 50 Day DMA and I think a dip below 18, will be a good mid-term to long term hold and collect the 14 cent divi's
    Mid-term target 24 / Long term target 36


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  7. Tiptopptrader

    Tiptopptrader Well-Known Member

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    It got there today with DOW down 34 points Now $6 from my 1st mid-term target of $24

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  8. Tiptopptrader

    Tiptopptrader Well-Known Member

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  9. Tiptopptrader

    Tiptopptrader Well-Known Member

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    I noticed that UVE was up with the markets down this morning and now is trading above the upper BB

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  10. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Even as the markets have been brutal as of late, the uptrend for UVE continues and I think a break above $19 is quite possible in the near term. In fact I think it may have touched on Friday but there was too much pressure from the market but still UVE gained back 29 cents from profit taking to close @18.51

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  11. rg7803

    rg7803 Well-Known Member

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    Need to add some more to my initial position....but not much time lately.
     
  12. Tiptopptrader

    Tiptopptrader Well-Known Member

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    From what I read on another website there as been some insider buying but I have not confirmed that. As I feel it is a long term double from $18, I added to my position on the pullbacks below 18. The 3.07% yield is decent on the hold to higher prices.
     
  13. Tiptopptrader

    Tiptopptrader Well-Known Member

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    UVE made the break above $19 and now above the upper BB again

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  14. DoveJohns

    DoveJohns Active Member

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    I am not complaining but what's up with this guy today (+4.3%)? It is getting close to my near term target of $20 where I will be trimming. However, I might end up waiting for technicals/chart to tell me to sell
     
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  15. Tiptopptrader

    Tiptopptrader Well-Known Member

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    As the insurance sector was up with financials on a rate hike being on the table in June, gives more strength to a already mover. UVE has stair cased to the upper BB again. This gives more credibility to my mid term target of $24 and long term target of $36 while collecting a decent yield.

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  16. DoveJohns

    DoveJohns Active Member

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    Sold my position @19. It seems to be consolidating for a possible upwards move but I just don't trust this market and current conditions. Not to mention there seems to be a strong resistance around this area (19.5-20.5). There are currently much more appealing options especially in retail sector. It also doesn't look very strong currently for some reason.

    Thanks to @Tiptopptrader for bringing this to my radar. I had my first position around @16.9 and got some more later in $17s. Overall slightly more than %10 gain in a month. Not bad. See you all again later if this thing decides to swing down again.
     
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  17. Tiptopptrader

    Tiptopptrader Well-Known Member

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    UVE got beat up yesterday with the insurance sector and markets down but a nice bounce today as it is trading higher than the sector

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  18. Tiptopptrader

    Tiptopptrader Well-Known Member

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    After the selloff yesterday form overbought it is business as usual for UVE. At this rate $20 should be in reach in the near term.

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    Not a real time chart
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  19. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Ok here is today's trigger

    Insider Trading Alert - UVE, BPFH And RWLK Traded By Insiders
    Downes Sean P, who is Ceo at Universal Insurance Holdings, bought 3,895 shares at $19.25 on May 25, 2016. Following this transaction, the Ceo owned 1.3 million shares meaning that the stake was boosted by 0.3% with the 3,895-share transaction.
    The shares most recently traded at $19.68, up $0.43, or 2.18% since the insider transaction. Historical insider transactions for Universal Insurance Holdings go as follows:
    https://www.thestreet.com/story/135...t--uve-bpfh-and-rwlk-traded-by-insiders.html?
     
  20. Tiptopptrader

    Tiptopptrader Well-Known Member

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    T0rm3nted likes this.

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