Universal Insurance rises after announcing up to $20 mln share repurchase

Universal Insurance Holdings

12/03/2024 13:56

** Shares of property and casualty insurer Universal
Insurance Holdings  UVE.N  rise as much as 9.1%, last up 6.9%,
to $20.95
    ** UVE says board has authorized a new share repurchase
program of up to $20 mln through March 11, 2026
    ** Company may repurchase shares from time to time in open
market transactions at prevailing market prices
    ** As of last close, stock up 22.7% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))