Parametric Portfolio Associates LLC raised its stake in shares of Universal Insurance Holdings Inc (NYSE:UVE) by 139.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,917 shares of the insurance provider’s stock after purchasing an additional 52,936 shares during the period. Parametric Portfolio Associates LLC owned 0.26% of Universal Insurance Holdings worth $2,291,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Universal Insurance Holdings by 73,456.7% during the first quarter. BlackRock Inc. now owns 4,062,534 shares of the insurance provider’s stock valued at $99,533,000 after purchasing an additional 4,057,011 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Universal Insurance Holdings by 1.5% during the second quarter. Vanguard Group Inc. now owns 3,730,592 shares of the insurance provider’s stock valued at $94,011,000 after purchasing an additional 55,438 shares in the last quarter. LSV Asset Management lifted its holdings in Universal Insurance Holdings by 4.3% during the second quarter. LSV Asset Management now owns 1,662,159 shares of the insurance provider’s stock valued at $41,886,000 after purchasing an additional 68,231 shares in the last quarter. State Street Corp lifted its holdings in Universal Insurance Holdings by 7.2% during the first quarter. State Street Corp now owns 772,406 shares of the insurance provider’s stock valued at $18,922,000 after purchasing an additional 52,043 shares in the last quarter. Finally, Teachers Advisors LLC lifted its holdings in Universal Insurance Holdings by 13.3% during the second quarter. Teachers Advisors LLC now owns 655,904 shares of the insurance provider’s stock valued at $16,529,000 after purchasing an additional 77,208 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

UVE has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $29.00 target price on shares of Universal Insurance Holdings in a research report on Friday, August 18th. ValuEngine cut shares of Universal Insurance Holdings from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 18th. Finally, BidaskClub cut shares of Universal Insurance Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th.

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Shares of Universal Insurance Holdings Inc (UVE) opened at $23.40 on Wednesday. The company has a market cap of $815.41, a PE ratio of 8.29 and a beta of 1.85. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.68 and a quick ratio of 0.68. Universal Insurance Holdings Inc has a 12-month low of $15.07 and a 12-month high of $29.20.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 24th. Stockholders of record on Tuesday, September 12th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Monday, September 11th. Universal Insurance Holdings’s dividend payout ratio (DPR) is 19.93%.

In other Universal Insurance Holdings news, CFO Frank Wilcox bought 2,000 shares of Universal Insurance Holdings stock in a transaction dated Friday, September 8th. The stock was 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 of the company’s stock, valued at $1,698,664.56. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 10.50% of the stock is owned by corporate insiders.

Universal Insurance Holdings 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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