Credit Suisse AG lowered its stake in Universal American Co. (NYSE:UAM) by 30.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,951 shares of the financial services provider’s stock after selling 24,112 shares during the period. Credit Suisse AG’s holdings in Universal American were worth $558,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Legal & General Group Plc raised its position in Universal American by 0.4% in the first quarter. Legal & General Group Plc now owns 11,124 shares of the financial services provider’s stock valued at $111,000 after buying an additional 43 shares during the period. Metropolitan Life Insurance Co. NY raised its position in Universal American by 1.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 30,024 shares of the financial services provider’s stock valued at $299,000 after buying an additional 391 shares during the period. Bank of America Corp DE raised its position in Universal American by 3.7% in the first quarter. Bank of America Corp DE now owns 17,566 shares of the financial services provider’s stock valued at $175,000 after buying an additional 619 shares during the period. Parametric Portfolio Associates LLC raised its position in Universal American by 0.8% in the first quarter. Parametric Portfolio Associates LLC now owns 99,045 shares of the financial services provider’s stock valued at $987,000 after buying an additional 738 shares during the period. Finally, California Public Employees Retirement System raised its position in Universal American by 1.3% in the first quarter. California Public Employees Retirement System now owns 268,200 shares of the financial services provider’s stock valued at $2,674,000 after buying an additional 3,400 shares during the period. 85.70% of the stock is currently owned by hedge funds and other institutional investors.

Universal American Co. (NYSE UAM) remained flat at $9.97 during trading on Thursday. The company had a trading volume of 136,320 shares. The firm’s 50 day moving average price is $9.97 and its 200 day moving average price is $9.96. Universal American Co. has a 1-year low of $6.72 and a 1-year high of $10.13.

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About Universal American

Universal American Corp. provides an array of health insurance and managed care products and services to people covered by Medicare. The Company’s segments include Medicare Advantage, Management Services Organization (MSO), and Corporate & Other. The Medicare Advantage segment contains the operations of its initiatives in managed care for seniors.

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Institutional Ownership by Quarter for Universal American (NYSE:UAM)

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