Dimensional Fund Advisors LP Reduces Position in UNIVERSAL INSURANCE HOLDINGS INC (UVE)

Dimensional Fund Advisors LP lowered its position in shares of UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE) by 0.2% during the first quarter, Holdings Channel reports. The institutional investor owned 1,618,878 shares of the insurance provider’s stock after selling 3,035 shares during the period. Dimensional Fund Advisors LP’s holdings in UNIVERSAL INSURANCE HOLDINGS INC were worth $39,662,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Globeflex Capital L P purchased a new stake in UNIVERSAL INSURANCE HOLDINGS INC during the first quarter worth about $790,000. Geode Capital Management LLC boosted its stake in UNIVERSAL INSURANCE HOLDINGS INC by 7.1% in the first quarter. Geode Capital Management LLC now owns 480,997 shares of the insurance provider’s stock worth $11,784,000 after buying an additional 31,951 shares in the last quarter. Menta Capital LLC purchased a new stake in UNIVERSAL INSURANCE HOLDINGS INC during the first quarter worth about $257,000. Thrivent Financial For Lutherans boosted its stake in UNIVERSAL INSURANCE HOLDINGS INC by 6.3% in the first quarter. Thrivent Financial For Lutherans now owns 18,430 shares of the insurance provider’s stock worth $452,000 after buying an additional 1,100 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in UNIVERSAL INSURANCE HOLDINGS INC by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 33,645 shares of the insurance provider’s stock worth $824,000 after buying an additional 401 shares in the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

Shares of UNIVERSAL INSURANCE HOLDINGS INC (UVE) opened at 23.50 on Monday. UNIVERSAL INSURANCE HOLDINGS INC has a 52-week low of $18.07 and a 52-week high of $29.20. The company has a market capitalization of $824.19 million, a PE ratio of 7.99 and a beta of 1.84. The stock’s 50 day moving average price is $25.16 and its 200-day moving average price is $25.33.

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Separately, ValuEngine cut UNIVERSAL INSURANCE HOLDINGS INC from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 18th.

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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