Teacher Retirement System of Texas Has $2.12 Million Position in Universal Insurance Holdings Inc (NYSE:UVE)

Teacher Retirement System of Texas decreased its stake in shares of Universal Insurance Holdings Inc (NYSE:UVE - Free Report) by 15.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 89,532 shares of the insurance provider's stock after selling 16,971 shares during the quarter. Teacher Retirement System of Texas owned 0.32% of Universal Insurance worth $2,122,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in UVE. Donald Smith & CO. Inc. boosted its position in shares of Universal Insurance by 11.3% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,720,519 shares of the insurance provider's stock valued at $36,234,000 after acquiring an additional 174,843 shares in the last quarter. Millennium Management LLC boosted its position in shares of Universal Insurance by 120.6% during the 4th quarter. Millennium Management LLC now owns 126,602 shares of the insurance provider's stock valued at $2,666,000 after acquiring an additional 69,205 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new stake in shares of Universal Insurance during the 4th quarter valued at about $1,212,000. American Century Companies Inc. boosted its position in shares of Universal Insurance by 10.4% during the 4th quarter. American Century Companies Inc. now owns 608,889 shares of the insurance provider's stock valued at $12,823,000 after acquiring an additional 57,424 shares in the last quarter. Finally, Integrated Quantitative Investments LLC acquired a new stake in shares of Universal Insurance during the 4th quarter valued at about $1,137,000. Institutional investors own 66.61% of the company's stock.

Insider Transactions at Universal Insurance

In other Universal Insurance news, Director Jon Springer sold 30,000 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $27.06, for a total value of $811,800.00. Following the transaction, the director directly owned 301,835 shares in the company, valued at $8,167,655.10. The trade was a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Sean P. Downes sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $26.91, for a total transaction of $672,750.00. Following the transaction, the chairman owned 926,667 shares in the company, valued at $24,936,608.97. The trade was a 2.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,393 shares of company stock worth $2,687,275. Company insiders own 16.60% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Universal Insurance from a "buy" rating to a "strong-buy" rating in a research report on Monday, April 28th.

Universal Insurance Price Performance

NYSE:UVE traded up $0.53 on Monday, reaching $24.23. The stock had a trading volume of 305,031 shares, compared to its average volume of 200,506. The company has a market capitalization of $681.95 million, a P/E ratio of 10.58 and a beta of 0.86. Universal Insurance Holdings Inc has a 1-year low of $16.50 and a 1-year high of $28.49. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average price of $26.40 and a 200-day moving average price of $23.09.

Universal Insurance (NYSE:UVE - Get Free Report) last released its quarterly 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 analyst estimates of $354.97 million. Universal Insurance had a net margin of 4.31% and a return on equity of 15.73%. Research analysts forecast that Universal Insurance Holdings Inc will post 1.66 EPS for the current year.

Universal Insurance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Friday, August 1st will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a $0.64 dividend on an annualized basis and a yield of 2.64%. Universal Insurance's dividend payout ratio (DPR) is presently 27.95%.

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.