Susquehanna Fundamental Investments LLC Invests $433,000 in Universal Insurance Holdings, Inc. (NYSE:UVE)

Susquehanna Fundamental Investments LLC bought a new stake in Universal Insurance Holdings, Inc. (NYSE:UVE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,557 shares of the insurance provider's stock, valued at approximately $433,000. Susquehanna Fundamental Investments LLC owned 0.07% of Universal Insurance as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in UVE. KLP Kapitalforvaltning AS bought a new stake in Universal Insurance during the 4th quarter worth approximately $103,000. Quantbot Technologies LP increased its stake in shares of Universal Insurance by 45,981.8% in the fourth quarter. Quantbot Technologies LP now owns 5,069 shares of the insurance provider's stock valued at $107,000 after buying an additional 5,058 shares in the last quarter. Victory Capital Management Inc. acquired a new position in Universal Insurance during the 4th quarter worth about $240,000. Wells Fargo & Company MN grew its holdings in Universal Insurance by 5.6% during the 4th quarter. Wells Fargo & Company MN now owns 13,804 shares of the insurance provider's stock worth $291,000 after acquiring an additional 732 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Universal Insurance in the 4th quarter valued at about $309,000. Institutional investors and hedge funds own 66.61% of the company's stock.

Insider Activity at Universal Insurance

In other Universal Insurance news, Chairman Sean P. Downes sold 20,000 shares of Universal Insurance stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $22.08, for a total transaction of $441,600.00. Following the transaction, the chairman now directly owns 990,200 shares in the company, valued at approximately $21,863,616. The trade was a 1.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jon Springer sold 26,393 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $25.61, for a total value of $675,924.73. Following the completion of the sale, the director now owns 331,835 shares of the company's stock, valued at $8,498,294.35. This trade represents a 7.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,393 shares of company stock worth $1,559,125. 17.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Universal Insurance from a "buy" rating to a "strong-buy" rating in a report on Monday, April 28th.

Universal Insurance Trading Up 3.6 %

Shares of UVE traded up $0.90 during trading hours on Friday, hitting $26.17. 206,495 shares of the stock traded hands, compared to its average volume of 181,212. The business has a fifty day moving average of $22.78 and a 200-day moving average of $21.46. The firm has a market capitalization of $736.55 million, a PE ratio of 10.64 and a beta of 0.83. Universal Insurance Holdings, Inc. has a 1-year low of $16.50 and a 1-year high of $26.35. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25.

Universal Insurance (NYSE:UVE - Get Free Report) last issued its earnings results on Thursday, April 24th. The insurance provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.12 by $0.32. Universal Insurance had a net margin of 4.82% and a return on equity of 15.43%. The company had revenue of $394.87 million during the quarter, compared to analysts' expectations of $354.97 million. Analysts expect that Universal Insurance Holdings, Inc. will post 1.66 EPS for the current year.

Universal Insurance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 9th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Friday, May 9th. Universal Insurance's payout ratio is 27.95%.

About Universal Insurance

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