Between January 16 and January 21, 2026, UWM Holdings Corp (NYSE: UWMC) witnessed significant insider stock activity as CEO Mat Ishbia and SFS Holding Corp sold a total of 1,982,874 shares of the company’s Class A Common Stock. These shares changed hands at prices ranging from $5.75 to $6.04 per share, resulting in proceeds totaling roughly $11.1 million.
The share sales were executed exclusively by SFS Holding Corp across three transactions: the first on January 16 saw 632,874 shares sold; the same volume was sold again on January 20 and January 21 respectively. In addition to these sales, on January 16, SFS Holding Corp converted 6.6 million UWM Paired Interests into Class A Common Stock, effectively increasing the amount of stock held.
In parallel with these insider transactions, UWM Holdings released its third-quarter financial results for 2025. The company reported revenues of $843.25 million, significantly outperforming analyst expectations by 23.87%, as the consensus was $680.74 million. However, earnings per share (EPS) fell markedly short of estimates, delivering just $0.01 compared to the forecasted $0.0749, an 86.65% negative surprise.
Adding to the company's strategic undertakings, UWM announced its plan to acquire Two Harbors Investment Corp through an all-stock transaction valued at $1.3 billion. Under this arrangement, shareholders of Two Harbors will receive 2.3328 shares of UWM Class A Common Stock for every share owned. This represents a notable 21% premium relative to Two Harbors' 30-day volume-weighted average trading price, indicating a strategic valuation approach by UWM.
Furthermore, UWM has attracted renewed analyst interest as Jefferies initiated coverage with a Hold rating and assigned a $5.00 price target, which corresponds to approximately eight times the projected earnings per share for 2027. These concurrent financial, strategic, and market developments are indicative of a company actively managing its capital structure and growth trajectory amid fluctuating operational performance.