Sii Investments Inc. WI lowered its holdings in shares of Universal Insurance Holdings Inc (NYSE:UVE) by 1.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 81,440 shares of the insurance provider’s stock after selling 1,100 shares during the period. Sii Investments Inc. WI owned about 0.23% of Universal Insurance Holdings worth $2,048,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Pinebridge Investments L.P. raised its position in Universal Insurance Holdings by 0.7% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,297 shares of the insurance provider’s stock worth $108,000 after purchasing an additional 30 shares during the period. Victory Capital Management Inc. boosted its position in Universal Insurance Holdings by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,687 shares of the insurance provider’s stock valued at $118,000 after buying an additional 703 shares during the period. Envestnet Asset Management Inc. boosted its position in Universal Insurance Holdings by 7.8% during the first quarter. Envestnet Asset Management Inc. now owns 5,159 shares of the insurance provider’s stock valued at $126,000 after buying an additional 372 shares during the period. State of Alaska Department of Revenue boosted its position in Universal Insurance Holdings by 77.7% during the second quarter. State of Alaska Department of Revenue now owns 6,414 shares of the insurance provider’s stock valued at $161,000 after buying an additional 2,804 shares during the period. Finally, Mason Street Advisors LLC boosted its position in Universal Insurance Holdings by 7.4% during the first quarter. Mason Street Advisors LLC now owns 7,649 shares of the insurance provider’s stock valued at $187,000 after buying an additional 527 shares during the period. 73.34% of the stock is currently owned by institutional investors.

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In related news, CFO Frank Wilcox acquired 2,000 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were acquired at an average cost of $17.69 per share, for a total transaction of $35,380.00. Following the completion of the transaction, the chief financial officer now directly owns 96,024 shares in the company, valued at approximately $1,698,664.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 10.50% of the company’s stock.

Shares of Universal Insurance Holdings Inc (NYSE UVE) traded up 1.07% during trading on Wednesday, reaching $23.65. The company’s stock had a trading volume of 62,278 shares. Universal Insurance Holdings Inc has a 12-month low of $15.08 and a 12-month high of $29.20. The stock has a market cap of $824.11 million, a price-to-earnings ratio of 8.37 and a beta of 1.83. The company has a 50 day moving average of $21.55 and a 200-day moving average of $23.66.

The business also recently declared 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 yield of 2.39%. Universal Insurance Holdings’s dividend payout ratio is currently 19.93%.

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $29.00 price objective on shares of Universal Insurance Holdings in a research note on Friday, August 18th. ValuEngine downgraded Universal Insurance Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 18th. Finally, BidaskClub lowered Universal Insurance Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th.

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).

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

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