Valiant Capital Management L.P. Has $11,029,000 Stake in Universal Insurance Holdings Inc. (UVE)
Valiant Capital Management L.P. maintained its position in Universal Insurance Holdings Inc. (NYSE:UVE) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 593,621 shares of the company’s stock at the end of the second quarter. Universal Insurance Holdings makes up about 0.7% of Valiant Capital Management L.P.’s investment portfolio, making the stock its 14th largest position. Valiant Capital Management L.P. owned about 1.72% of Universal Insurance Holdings worth $11,029,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of UVE. BNP Paribas Arbitrage SA raised its stake in Universal Insurance Holdings by 96.3% in the second quarter. BNP Paribas Arbitrage SA now owns 11,191 shares of the company’s stock valued at $208,000 after buying an additional 5,491 shares in the last quarter. Springbok Capital Management LLC raised its stake in Universal Insurance Holdings by 150.0% in the first quarter. Springbok Capital Management LLC now owns 13,500 shares of the company’s stock valued at $240,000 after buying an additional 8,100 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Universal Insurance Holdings during the second quarter valued at about $245,000. Acrospire Investment Management LLC acquired a new stake in Universal Insurance Holdings during the first quarter valued at about $260,000. Finally, Pacad Investment Ltd. acquired a new stake in Universal Insurance Holdings during the first quarter valued at about $263,000. 71.95% of the stock is owned by hedge funds and other institutional investors.
Universal Insurance Holdings Inc. (NYSE:UVE) traded down 2.28% during midday trading on Wednesday, reaching $22.29. The company had a trading volume of 404,623 shares. Universal Insurance Holdings Inc. has a 52 week low of $15.86 and a 52 week high of $37.49. The company has a market capitalization of $781.53 million, a price-to-earnings ratio of 6.73 and a beta of 1.54. The firm has a 50-day moving average price of $24.12 and a 200-day moving average price of $20.17.
Universal Insurance Holdings (NYSE:UVE) last announced its earnings results on Thursday, July 28th. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.11. The business earned $169.80 million during the quarter, compared to analyst estimates of $167.40 million. Universal Insurance Holdings had a net margin of 18.11% and a return on equity of 38.12%. Analysts expect that Universal Insurance Holdings Inc. will post $3.07 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 24th. Shareholders of record on Monday, September 12th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, September 8th. This is a positive change from Universal Insurance Holdings’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 2.46%. Universal Insurance Holdings’s payout ratio is currently 16.92%.
In other Universal Insurance Holdings news, Director Scott P. Callahan sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $21.82, for a total transaction of $218,200.00. Following the completion of the sale, the director now directly owns 15,000 shares in the company, valued at approximately $327,300. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 8.40% of the company’s stock.
Universal Insurance Holdings 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 writes personal residential homeowners insurance policies, predominantly in Florida.
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