Universal Insurance Holdings, Inc. (NYSE:UVE)’s share price reached a new 52-week low on Monday . The company traded as low as $28.94 and last traded at $29.02, with a volume of 5060 shares traded. The stock had previously closed at $29.48.

The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 8.53 and a beta of 1.19. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.02.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, May 3rd will be given a $0.16 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.19%.

In other news, COO Stephen Donaghy purchased 20,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average cost of $31.50 per share, for a total transaction of $630,000.00. Following the completion of the transaction, the chief operating officer now directly owns 501,983 shares in the company, valued at approximately $15,812,464.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jon Springer sold 7,000 shares of the business’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $30.66, for a total transaction of $214,620.00. Following the completion of the transaction, the insider now directly owns 493,036 shares in the company, valued at approximately $15,116,483.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,000 shares of company stock valued at $702,380. Company insiders own 10.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in UVE. Synovus Financial Corp purchased a new position in shares of Universal Insurance in the fourth quarter worth $38,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Universal Insurance by 28.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,392 shares of the insurance provider’s stock worth $91,000 after buying an additional 533 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in shares of Universal Insurance by 4,433.9% in the third quarter. Rehmann Capital Advisory Group now owns 5,486 shares of the insurance provider’s stock worth $113,000 after buying an additional 5,365 shares in the last quarter. LS Investment Advisors LLC lifted its holdings in shares of Universal Insurance by 226.7% in the fourth quarter. LS Investment Advisors LLC now owns 3,208 shares of the insurance provider’s stock worth $122,000 after buying an additional 2,226 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Universal Insurance by 119.0% in the third quarter. Advisors Asset Management Inc. now owns 2,687 shares of the insurance provider’s stock worth $130,000 after buying an additional 1,460 shares in the last quarter. 74.36% of the stock is currently owned by hedge funds and other institutional investors.

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Universal Insurance Company Profile (NYSE:UVE)

Universal Insurance Holdings, Inc, together with its subsidiaries, operates as an integrated insurance holding company in the United States. The company develops, markets, and underwrites insurance products for personal residential homeowner's insurance. It also provides personal residential insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire, and commercial residential multi-peril; and allied lines, coverage for other structures, and personal property, as well as liability and personal articles coverages.

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