Campbell & CO Investment Adviser LLC Has $1.29 Million Holdings in Universal Insurance Holdings Inc $UVE

Key Points

• Campbell & CO Investment Adviser LLC increased its stake in Universal Insurance Holdings by 238.0%, acquiring an additional 38,286 shares during the first quarter, bringing its total to 54,375 shares valued at approximately $1.29 million.
• Universal Insurance reported earnings of $1.23 per share for the last quarter, exceeding analysts' expectations of $1.09, along with a significant revenue of $596.72 million.
• The company declared a quarterly dividend of $0.16 per share, resulting in an annualized yield of 2.6% and a payout ratio of 27.95%.

Campbell & CO Investment Adviser LLC boosted its holdings in shares of Universal Insurance Holdings Inc (NYSE:UVE - Free Report) by 238.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,375 shares of the insurance provider's stock after purchasing an additional 38,286 shares during the period. Campbell & CO Investment Adviser LLC owned 0.19% of Universal Insurance worth $1,289,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UVE. Donald Smith & CO. Inc. lifted its holdings in Universal Insurance by 6.8% during the 1st quarter. Donald Smith & CO. Inc. now owns 1,836,718 shares of the insurance provider's stock worth $43,530,000 after buying an additional 116,199 shares in the last quarter. Nuveen LLC acquired a new position in Universal Insurance during the 1st quarter worth $2,197,000. Millennium Management LLC lifted its holdings in Universal Insurance by 120.6% during the 4th quarter. Millennium Management LLC now owns 126,602 shares of the insurance provider's stock worth $2,666,000 after buying an additional 69,205 shares in the last quarter. American Century Companies Inc. lifted its holdings in Universal Insurance by 9.8% during the 1st quarter. American Century Companies Inc. now owns 668,641 shares of the insurance provider's stock worth $15,847,000 after buying an additional 59,752 shares in the last quarter. Finally, Voleon Capital Management LP acquired a new position in Universal Insurance during the 4th quarter worth $963,000. Institutional investors and hedge funds own 66.61% of the company's stock.

Universal Insurance Trading Up 0.4%

UVE traded up $0.09 during trading on Monday, reaching $24.39. 198,060 shares of the company's stock were exchanged, compared to its average volume of 159,341. The company's fifty day moving average price is $24.69 and its 200-day moving average price is $24.18. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.58 and a current ratio of 0.58. Universal Insurance Holdings Inc has a fifty-two week low of $16.50 and a fifty-two week high of $28.49. The firm has a market capitalization of $690.84 million, a PE ratio of 10.65 and a beta of 0.87.

Universal Insurance (NYSE:UVE - Get Free Report) last released its earnings results on Thursday, July 24th. The insurance provider reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.14. Universal Insurance had a net margin of 4.24% and a return on equity of 15.37%. The firm had revenue of $596.72 million during the quarter, compared to analyst estimates of $359.98 million. As a group, equities analysts forecast that Universal Insurance Holdings Inc will post 1.66 EPS for the current year.

Universal Insurance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, August 1st were issued a $0.16 dividend. The ex-dividend date was Friday, August 1st. This represents a $0.64 annualized dividend and a yield of 2.6%. Universal Insurance's dividend payout ratio (DPR) is 27.95%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Universal Insurance from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd.

Insiders Place Their Bets

In other Universal Insurance news, Chairman Sean P. Downes sold 25,000 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $26.91, for a total value of $672,750.00. Following the sale, the chairman directly owned 926,667 shares in the company, valued at approximately $24,936,608.97. This trade represents a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 17.50% of the company's stock.

Universal Insurance Company 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.