20,557 Shares in Universal Insurance Holdings, Inc. (NYSE:UVE) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Universal Insurance Holdings, Inc. (NYSE:UVE - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 20,557 shares of the insurance provider's stock, valued at approximately $433,000. Susquehanna Fundamental Investments LLC owned 0.07% of Universal Insurance at the end of the most recent quarter.

Several other large investors have also made changes to their positions in UVE. Wells Fargo & Company MN raised its holdings in shares of Universal Insurance by 5.6% during the fourth quarter. Wells Fargo & Company MN now owns 13,804 shares of the insurance provider's stock worth $291,000 after purchasing an additional 732 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Universal Insurance by 8.9% during the 4th quarter. Franklin Resources Inc. now owns 21,799 shares of the insurance provider's stock valued at $459,000 after buying an additional 1,775 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Universal Insurance by 9.7% in the 4th quarter. Principal Financial Group Inc. now owns 24,415 shares of the insurance provider's stock valued at $514,000 after buying an additional 2,160 shares during the period. Trexquant Investment LP boosted its stake in shares of Universal Insurance by 4.4% in the fourth quarter. Trexquant Investment LP now owns 76,132 shares of the insurance provider's stock worth $1,603,000 after buying an additional 3,221 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Universal Insurance by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 1,674,545 shares of the insurance provider's stock worth $35,266,000 after acquiring an additional 4,480 shares during the period. 66.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Universal Insurance

In other news, Chairman Sean P. Downes sold 20,000 shares of Universal Insurance stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $22.08, for a total value of $441,600.00. Following the sale, the chairman now owns 990,200 shares in the company, valued at $21,863,616. This trade represents a 1.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 17.50% of the stock is owned by corporate insiders.

Universal Insurance Stock Performance

Shares of NYSE UVE opened at $25.26 on Friday. Universal Insurance Holdings, Inc. has a 1 year low of $16.50 and a 1 year high of $25.64. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.51 and a current ratio of 0.51. The company's fifty day moving average price is $22.52 and its 200 day moving average price is $21.31. The company has a market capitalization of $712.19 million, a PE ratio of 10.27 and a beta of 0.76.

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

Universal Insurance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 9th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.53%. Universal Insurance's dividend payout ratio (DPR) is 27.95%.

Analyst Ratings Changes

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

Universal Insurance Profile

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.

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