Stephen Donaghy, CEO of Universal Insurance Holdings (UVE) recently picked up 5,000 shares after the company reported earnings, shelling out over $137,000 to do so. He was joined by director Sean Downes, who has made multiple buys of around 10,000 shares so far this month, totaling over $300,000.
A look at insider buying shows a series of sales when shares topped $40 back in 2018, followed up by lesser sales as the price declined.
.Now insiders are only buying as shares appear to be heading up again, a sign that insiders know when shares are both undervalued and overvalued, and when to make swing trades for big profits.