Hartford Investment Management Co. lowered its stake in UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE) by 5.9% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 11,530 shares of the insurance provider’s stock after selling 720 shares during the period. Hartford Investment Management Co.’s holdings in UNIVERSAL INSURANCE HOLDINGS INC were worth $291,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in UVE. LS Investment Advisors LLC boosted 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. boosted 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. State of Alaska Department of Revenue boosted its position in shares of UNIVERSAL INSURANCE HOLDINGS INC by 77.7% in the second quarter. State of Alaska Department of Revenue now owns 6,414 shares of the insurance provider’s stock valued at $161,000 after buying an additional 2,804 shares during the last quarter. Mason Street Advisors LLC raised its stake in 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 period. Finally, Neuberger Berman Group LLC raised its stake in 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 period. Institutional investors and hedge funds own 77.27% of the company’s stock.
UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE) traded up 0.22% during mid-day trading on Thursday, reaching $22.90. 85,589 shares of the company’s stock traded hands. The stock has a market cap of $797.97 million, a P/E ratio of 8.11 and a beta of 1.82. The company has a 50 day moving average price of $24.16 and a 200-day moving average price of $24.78. UNIVERSAL INSURANCE HOLDINGS INC has a 12 month low of $18.07 and a 12 month high of $29.20.
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Several research firms have issued reports on UVE. BidaskClub lowered shares of UNIVERSAL INSURANCE HOLDINGS INC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. ValuEngine lowered shares of 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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