Dimensional Fund Advisors LP trimmed its stake in shares of Universal Insurance Holdings, Inc. (NYSE:UVE) by 0.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,623,029 shares of the insurance provider’s stock after selling 8,557 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Universal Insurance were worth $37,330,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. grew its stake in Universal Insurance by 0.7% during 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 in the last quarter. Victory Capital Management Inc. boosted its position in shares of Universal Insurance by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,687 shares of the insurance provider’s stock worth $118,000 after acquiring an additional 703 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Universal Insurance by 6.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 19,640 shares of the insurance provider’s stock worth $495,000 after acquiring an additional 1,210 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Universal Insurance by 0.6% during the 2nd quarter. Principal Financial Group Inc. now owns 282,359 shares of the insurance provider’s stock worth $7,116,000 after acquiring an additional 1,772 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of Universal Insurance by 5.1% during the 3rd quarter. New York State Common Retirement Fund now owns 55,772 shares of the insurance provider’s stock worth $1,283,000 after acquiring an additional 2,693 shares in the last quarter. 77.97% of the stock is owned by hedge funds and other institutional investors.

Separately, ValuEngine raised Universal Insurance from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 9th.

In other news, Director Michael Pietrangelo sold 9,969 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $26.27, for a total transaction of $261,885.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 10.50% of the company’s stock.

Universal Insurance Holdings, Inc. (UVE) opened at $28.60 on Friday. The stock has a market capitalization of $983.36, a PE ratio of 12.22 and a beta of 1.88. Universal Insurance Holdings, Inc. has a 1 year low of $15.07 and a 1 year high of $29.45. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.03.

Universal Insurance declared that its board has initiated a stock buyback program on Wednesday, November 8th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the insurance provider to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

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Universal Insurance 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 (NYSE:UVE)

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