Shares of Universal Insurance Holdings Inc. (NYSE:UVE) [Trend Analysis] runs in leading trade, it moving down -12.24% to traded at $19.51. The firm has price volatility of 8.21% for a week and 3.83% for a month. Its beta stands at 1.51 times. JLL (NYSE: JLL) reported that appointment of economics expert Ryan Severino as Chief Economist to direct macroeconomic analysis and property forecasting for JLL as an integrated component of the firm’s research program.
In this newly created role, Severino will be responsible for analyzing key global and regional macroeconomic, demographic and industry trends and indicators to predict implications for the commercial real estate market. Severino also will leverage his expertise to produce customized advisory projects for clients. He will be a member of JLL’s research leadership team reporting to Ben Breslau, Managing Director, Americas Research.
“Ryan joins JLL with impressive credentials in real estate research, modelling and economics, and will be key to expanding our analytical and predictive capabilities for clients,” stated Breslau. “His ability to evaluate economic and real estate indicators and translate them into meaningful and actionable recommendations will elevate the intelligence our research organization brings to our firm and clients.” Narrow down four to firm performance, its weekly performance was -22.05% and monthly performance was -24.12%. The stock price of UVE is moving down from its 20 days moving average with -20.13% and isolated negatively from 50 days moving average with -16.46%.
Agria Corporation (NYSE:GRO) [Trend Analysis] luring active investment momentum, shares a gain 3.48% to $0.78. Universal Insurance Holdings, Inc. (UVE) noted that on May 31, 2016, Universal Property & Casualty Insurance Firm and American Platinum Property and Casualty Insurance Firm, the Firm’s wholly-owned insurance firm subsidiaries, completed the placement of the Firm’s 2016-2017 reinsurance programs, effective June 1, 2016.
As publicly revealed at the time, UPCIC has a net retention of $35 million per catastrophe event for losses incurred, in all states, up to a first event loss of $2.4 billion. In addition, under an excess catastrophe contract specifically covering risks located outside the state of Florida and intended to additional reduce UPCIC’s $35 million net retention, UPCIC has obtained catastrophe coverage of $30 million in excess of $5 million covering certain loss occurrences, comprising hurricanes, in states outside of Florida. The total volume of 32680 shares held in the session was surprisingly higher than its average volume of 39.81 shares. While take a short look on price to sales ratio, that was 0.05.