Rhumbline Advisers grew its position in shares of Universal Insurance Holdings, Inc. (NYSE:UVE) by 11.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,001 shares of the insurance provider’s stock after buying an additional 8,591 shares during the quarter. Rhumbline Advisers owned approximately 0.25% of Universal Insurance worth $2,352,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of the business. Arizona State Retirement System grew its stake in Universal Insurance by 219.7% during the fourth quarter. Arizona State Retirement System now owns 53,835 shares of the insurance provider’s stock worth $1,472,000 after buying an additional 36,995 shares during the last quarter. Pinebridge Investments L.P. grew its stake in Universal Insurance by 398.9% during the fourth quarter. Pinebridge Investments L.P. now owns 20,067 shares of the insurance provider’s stock worth $549,000 after buying an additional 16,045 shares during the last quarter. First Trust Advisors LP grew its stake in Universal Insurance by 75.0% during the fourth quarter. First Trust Advisors LP now owns 100,713 shares of the insurance provider’s stock worth $2,755,000 after buying an additional 43,150 shares during the last quarter. California Public Employees Retirement System grew its stake in Universal Insurance by 9.2% during the fourth quarter. California Public Employees Retirement System now owns 77,303 shares of the insurance provider’s stock worth $2,114,000 after buying an additional 6,534 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Universal Insurance during the fourth quarter worth about $313,000. 74.32% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Scott P. Callahan sold 2,600 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $30.53, for a total transaction of $79,378.00. Following the transaction, the director now directly owns 8,536 shares in the company, valued at $260,604.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.50% of the stock is currently owned by corporate insiders.
Universal Insurance Holdings, Inc. (NYSE:UVE) opened at $32.80 on Tuesday. Universal Insurance Holdings, Inc. has a 12-month low of $15.07 and a 12-month high of $33.20. The stock has a market cap of $1,133.05, a P/E ratio of 10.97 and a beta of 1.85. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.35 and a current ratio of 1.35.
The business also recently announced a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.71%. Universal Insurance’s payout ratio is 18.73%.
About Universal Insurance
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).
Receive News & Ratings for Universal Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Insurance and related companies with MarketBeat.com's FREE daily email newsletter.