I decided to sell the my shares. Although UVE offers a good return on the investment I have two issues. The first is CEO compensation - it appears high for a company of this size.
Second, is their rating on 'corporate governance' and the factors listed by "ISS Governance" QuickScore as of Oct 1, 2013 is 10. The pillar scores are Audit: 10; Board: 9; Shareholder Rights: 9; Compensation: 10.
Yes - when I look at the numbers for this company insider sales is the one important factor that sticks out - it appears to be more than an orderly sale diversifying a portfolio. Too bad - if insiders are selling it does not inspire confidence for others to buy.