AQR Capital Management LLC raised its stake in UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE) by 77.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 164,567 shares of the insurance provider’s stock after buying an additional 71,653 shares during the period. AQR Capital Management LLC’s holdings in UNIVERSAL INSURANCE HOLDINGS INC were worth $4,032,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. LS Investment Advisors LLC raised its position in shares of UNIVERSAL INSURANCE HOLDINGS INC by 332.6% in the first quarter. LS Investment Advisors LLC now owns 5,105 shares of the insurance provider’s stock valued at $125,000 after buying an additional 3,925 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of UNIVERSAL INSURANCE HOLDINGS INC by 7.8% in the first quarter. Envestnet Asset Management Inc. now owns 5,159 shares of the insurance provider’s stock valued at $126,000 after buying an additional 372 shares during the last quarter. Mason Street Advisors LLC raised its position in shares of UNIVERSAL INSURANCE HOLDINGS INC by 7.4% in the first quarter. Mason Street Advisors LLC now owns 7,649 shares of the insurance provider’s stock valued at $187,000 after buying an additional 527 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of UNIVERSAL INSURANCE HOLDINGS INC by 3.8% in the first quarter. Neuberger Berman Group LLC now owns 10,375 shares of the insurance provider’s stock valued at $254,000 after buying an additional 375 shares during the last quarter. Finally, Menta Capital LLC acquired a new position in shares of UNIVERSAL INSURANCE HOLDINGS INC during the first quarter valued at approximately $257,000. 77.82% of the stock is owned by institutional investors.
Shares of UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE) opened at 23.80 on Friday. The company has a 50-day moving average price of $25.16 and a 200-day moving average price of $25.33. The company has a market cap of $834.71 million, a P/E ratio of 8.09 and a beta of 1.84. UNIVERSAL INSURANCE HOLDINGS INC has a 52-week low of $18.07 and a 52-week high of $29.20.
Separately, ValuEngine downgraded UNIVERSAL INSURANCE HOLDINGS INC from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.
UNIVERSAL INSURANCE HOLDINGS INC Company Profile
Universal Insurance Holdings, Inc (UVE) is a private personal residential homeowners insurance company in Florida. The Company performs substantially all aspects of insurance underwriting, policy issuance, general administration, and claims processing and settlement internally. The Company’s subsidiaries include Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC).
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