Universal Insurance Holdings, Inc.'s Board of Directors has authorized a new $20 million stock buyback program
Buybacks
June 13, 2023
Universal Insurance Holdings, Inc. (UVE), an insurance company, has recently made an announcement. The company's Board of Directors has authorized a new share repurchase program, enabling Universal to buy back up to $20 million of its outstanding shares of common stock.
Under the newly authorized share repurchase program, Universal Insurance Holdings has the opportunity to repurchase its outstanding shares of common stock through June 10, 2025. The buybacks will be conducted through open market transactions, allowing Universal to acquire shares at prevailing market prices.
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