Universal Insurance Holdings, Inc. (NYSE:UVE) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its position in Universal Insurance Holdings, Inc. (NYSE:UVE - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 271,716 shares of the insurance provider's stock after selling 16,500 shares during the quarter. Two Sigma Advisers LP owned 0.96% of Universal Insurance worth $5,722,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. American Century Companies Inc. raised its position in Universal Insurance by 10.4% during the fourth quarter. American Century Companies Inc. now owns 608,889 shares of the insurance provider's stock worth $12,823,000 after acquiring an additional 57,424 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Universal Insurance by 128,888.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 58,045 shares of the insurance provider's stock worth $1,222,000 after purchasing an additional 58,000 shares during the last quarter. Rhumbline Advisers raised its position in shares of Universal Insurance by 62.5% during the 4th quarter. Rhumbline Advisers now owns 61,935 shares of the insurance provider's stock worth $1,304,000 after purchasing an additional 23,830 shares during the last quarter. Prudential Financial Inc. lifted its stake in Universal Insurance by 263.3% in the 4th quarter. Prudential Financial Inc. now owns 42,221 shares of the insurance provider's stock valued at $889,000 after buying an additional 30,600 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Universal Insurance by 15.8% during the 4th quarter. JPMorgan Chase & Co. now owns 170,574 shares of the insurance provider's stock valued at $3,592,000 after buying an additional 23,325 shares during the last quarter. 66.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Universal Insurance

In other Universal Insurance news, Director Jon Springer sold 26,393 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $25.61, for a total transaction of $675,924.73. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Sean P. Downes sold 20,000 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $22.08, for a total value of $441,600.00. Following the completion of the transaction, the chairman now directly 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 disclosure for this sale can be found here. Insiders have sold 86,393 shares of company stock worth $2,085,925 over the last quarter. 16.60% of the stock is currently owned by insiders.

Universal Insurance Price Performance

UVE stock traded down $0.32 during trading on Wednesday, hitting $26.54. The stock had a trading volume of 277,632 shares, compared to its average volume of 186,961. The stock has a market cap of $746.97 million, a price-to-earnings ratio of 10.79 and a beta of 0.83. 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 50 day moving average price is $24.05 and its two-hundred day moving average price is $22.02. Universal Insurance Holdings, Inc. has a 1-year low of $16.50 and a 1-year high of $26.88.

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

Universal Insurance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Friday, May 9th. Universal Insurance's dividend payout ratio is presently 27.95%.

Analysts Set New Price Targets

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

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.