Russell Investments Group Ltd. decreased its stake in shares of Universal Insurance Holdings Inc (NYSE:UVE) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,216 shares of the insurance provider’s stock after selling 3,672 shares during the quarter. Russell Investments Group Ltd. owned about 0.13% of Universal Insurance Holdings worth $1,165,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of Universal Insurance Holdings by 73,456.7% in the 1st quarter. BlackRock Inc. now owns 4,062,534 shares of the insurance provider’s stock valued at $99,533,000 after acquiring an additional 4,057,011 shares during the last quarter. State Street Corp boosted its holdings in shares of Universal Insurance Holdings by 7.2% in the 1st quarter. State Street Corp now owns 772,406 shares of the insurance provider’s stock valued at $18,922,000 after acquiring an additional 52,043 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of Universal Insurance Holdings by 5.4% in the 1st quarter. Teachers Advisors LLC now owns 578,696 shares of the insurance provider’s stock valued at $14,178,000 after acquiring an additional 29,619 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Universal Insurance Holdings by 9.1% in the 1st quarter. Bank of New York Mellon Corp now owns 562,226 shares of the insurance provider’s stock valued at $13,774,000 after acquiring an additional 46,733 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Universal Insurance Holdings by 7.1% in the 1st quarter. Geode Capital Management LLC now owns 480,997 shares of the insurance provider’s stock valued at $11,784,000 after acquiring an additional 31,951 shares during the last quarter. Institutional investors and hedge funds own 73.35% of the company’s stock.

Several analysts have recently commented on the stock. ValuEngine downgraded shares of Universal Insurance Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 18th. BidaskClub downgraded shares of Universal Insurance Holdings from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Universal Insurance Holdings in a report on Friday, August 18th.

Universal Insurance Holdings Inc (NYSE UVE) traded up 15.97% during mid-day trading on Monday, hitting $20.70. 1,754,161 shares of the stock traded hands. The stock has a market cap of $721.31 million, a PE ratio of 7.33 and a beta of 1.84. The company has a 50 day moving average of $22.46 and a 200-day moving average of $24.18. Universal Insurance Holdings Inc has a 12-month low of $15.07 and a 12-month high of $29.20.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, September 12th will be given a $0.14 dividend. The ex-dividend date is Monday, September 11th. This represents a $0.56 annualized dividend and a dividend yield of 3.14%. Universal Insurance Holdings’s dividend payout ratio is presently 19.93%.

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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’s subsidiaries include Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC).

Institutional Ownership by Quarter for Universal Insurance Holdings (NYSE:UVE)

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