Numeric Investors LLC bought a new position in shares of UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,600 shares of the insurance provider’s stock, valued at approximately $242,000.

Other institutional investors have also bought and sold shares of the company. Federated Investors Inc. PA grew its position in UNIVERSAL INSURANCE HOLDINGS INC by 26.0% during the second quarter. Federated Investors Inc. PA now owns 153,274 shares of the insurance provider’s stock worth $3,862,000 after buying an additional 31,632 shares in the last quarter. Chicago Equity Partners LLC grew its position in UNIVERSAL INSURANCE HOLDINGS INC by 24.0% during the second quarter. Chicago Equity Partners LLC now owns 320,761 shares of the insurance provider’s stock worth $8,083,000 after buying an additional 62,067 shares in the last quarter. LSV Asset Management grew its position in UNIVERSAL INSURANCE HOLDINGS INC by 4.3% during the second quarter. LSV Asset Management now owns 1,662,159 shares of the insurance provider’s stock worth $41,886,000 after buying an additional 68,231 shares in the last quarter. WBI Investments Inc. purchased a new position in UNIVERSAL INSURANCE HOLDINGS INC during the second quarter worth about $2,009,000. Finally, Bank of New York Mellon Corp grew its position in UNIVERSAL INSURANCE HOLDINGS INC by 9.1% during the first quarter. Bank of New York Mellon Corp now owns 562,226 shares of the insurance provider’s stock worth $13,774,000 after buying an additional 46,733 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Numeric Investors LLC Invests $242,000 in UNIVERSAL INSURANCE HOLDINGS INC (UVE) Stock” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another domain, it was stolen and republished in violation of U.S. and international copyright laws. The original version of this news story can be accessed at https://www.thecerbatgem.com/2017/10/18/numeric-investors-llc-invests-242000-in-universal-insurance-holdings-inc-uve-stock.html.

UNIVERSAL INSURANCE HOLDINGS INC (NYSE UVE) opened at 24.40 on Wednesday. The stock has a market capitalization of $850.24 million, a PE ratio of 8.64 and a beta of 1.83. UNIVERSAL INSURANCE HOLDINGS INC has a 12-month low of $15.08 and a 12-month high of $29.20. The stock has a 50 day moving average price of $21.70 and a 200-day moving average price of $23.65.

The company 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. The ex-dividend date is Monday, September 11th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.30%. UNIVERSAL INSURANCE HOLDINGS INC’s payout ratio is 19.93%.

In other news, CFO Frank Wilcox acquired 2,000 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was purchased at an average price 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 acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 10.50% of the company’s stock.

Several research firms recently commented on UVE. Keefe, Bruyette & Woods restated a “buy” rating and set a $29.00 target price on shares of UNIVERSAL INSURANCE HOLDINGS INC in a research report on Friday, August 18th. BidaskClub cut UNIVERSAL INSURANCE HOLDINGS INC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, ValuEngine upgraded UNIVERSAL INSURANCE HOLDINGS INC from a “buy” rating to a “strong-buy” rating in a report on Friday, October 6th.

About UNIVERSAL INSURANCE HOLDINGS INC

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).

Want to see what other hedge funds are holding UVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE).

Institutional Ownership by Quarter for UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE)

Receive News & Stock Ratings for UNIVERSAL INSURANCE HOLDINGS INC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UNIVERSAL INSURANCE HOLDINGS INC and related stocks with our FREE daily email newsletter.