Universal Insurance Holdings, Inc. announced a new share repurchase program authorizing up to $20 million of its outstanding shares of common stock.
Share repurchases may be made through January 8, 2028, in compliance with regulations.
The company develops, markets, and writes insurance products predominantly in personal residential homeowners lines of business.
Share Repurchase Program
Allows repurchase of up to $20 million of outstanding shares by January 8, 2028.
Market Transactions
Repurchases may be made in open market transactions at prevailing prices.
Compliance
Intention to comply with Rule 10b-18 and the Company's insider trading policy.
- The share repurchase authorization reflects the company's confidence in its future performance and value.
- Market transactions can affect the stock price and indicate management's positive outlook on the company's prospects.
The new share repurchase program underscores Universal's commitment to enhancing shareholder value and confidence in its financial stability.