Axa trimmed its holdings in shares of UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE) by 3.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 48,400 shares of the insurance provider’s stock after selling 1,800 shares during the quarter. Axa owned 0.14% of UNIVERSAL INSURANCE HOLDINGS INC worth $1,220,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in UVE. Louisiana State Employees Retirement System grew its stake in UNIVERSAL INSURANCE HOLDINGS INC by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 13,300 shares of the insurance provider’s stock worth $326,000 after purchasing an additional 200 shares in the last quarter. Russell Investments Group Ltd. grew its stake in UNIVERSAL INSURANCE HOLDINGS INC by 10.3% in the first quarter. Russell Investments Group Ltd. now owns 49,888 shares of the insurance provider’s stock worth $1,221,000 after purchasing an additional 4,661 shares in the last quarter. Wells Fargo & Company MN grew its stake in UNIVERSAL INSURANCE HOLDINGS INC by 8.7% in the first quarter. Wells Fargo & Company MN now owns 345,375 shares of the insurance provider’s stock worth $8,461,000 after purchasing an additional 27,707 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in UNIVERSAL INSURANCE HOLDINGS INC by 2.9% in the first quarter. Great West Life Assurance Co. Can now owns 45,221 shares of the insurance provider’s stock worth $1,106,000 after purchasing an additional 1,279 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in UNIVERSAL INSURANCE HOLDINGS INC by 5.3% in the first quarter. First Trust Advisors LP now owns 84,218 shares of the insurance provider’s stock worth $2,063,000 after purchasing an additional 4,240 shares in the last quarter. 73.34% of the stock is currently owned by institutional investors and hedge funds.

UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE) opened at 21.25 on Friday. The firm has a market capitalization of $740.48 million, a P/E ratio of 7.52 and a beta of 1.84. The company has a 50-day moving average price of $21.93 and a 200-day moving average price of $23.87. UNIVERSAL INSURANCE HOLDINGS INC has a 1-year low of $15.08 and a 1-year high of $29.20.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 24th. Stockholders of record on Tuesday, September 12th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Monday, September 11th. UNIVERSAL INSURANCE HOLDINGS INC’s dividend payout ratio is currently 19.93%.

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In related news, CFO Frank Wilcox acquired 2,000 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was acquired at an average price of $17.69 per share, with a total value of $35,380.00. Following the completion of the transaction, the chief financial officer now owns 96,024 shares of the company’s stock, valued at $1,698,664.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.50% of the stock is currently owned by corporate insiders.

A number of equities analysts recently commented on UVE shares. ValuEngine downgraded UNIVERSAL INSURANCE HOLDINGS INC from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 18th. BidaskClub downgraded UNIVERSAL INSURANCE HOLDINGS INC from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $29.00 price target on shares of UNIVERSAL INSURANCE HOLDINGS INC in a research note on Friday, August 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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Institutional Ownership by Quarter for UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE)

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