Universal Beteiligungs und Servicegesellschaft mbH Takes $928,000 Position in Universal Insurance Holdings, Inc. (NYSE:UVE)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Universal Insurance Holdings, Inc. (NYSE:UVE - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 44,059 shares of the insurance provider's stock, valued at approximately $928,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.16% of Universal Insurance at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Universal Insurance in the 4th quarter valued at approximately $319,000. Rhumbline Advisers raised its stake in Universal Insurance by 62.5% during the 4th quarter. Rhumbline Advisers now owns 61,935 shares of the insurance provider's stock valued at $1,304,000 after purchasing an additional 23,830 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Universal Insurance by 9.7% in the fourth quarter. Principal Financial Group Inc. now owns 24,415 shares of the insurance provider's stock valued at $514,000 after purchasing an additional 2,160 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Universal Insurance in the fourth quarter worth $240,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Universal Insurance by 12.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 195,267 shares of the insurance provider's stock valued at $4,112,000 after buying an additional 21,035 shares in the last quarter. 66.61% of the stock is owned by hedge funds and other institutional investors.

Universal Insurance Stock Down 0.4%

Shares of NYSE UVE traded down $0.11 during mid-day trading on Friday, reaching $27.33. The company had a trading volume of 93,605 shares, compared to its average volume of 187,680. 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 has a market capitalization of $769.06 million, a price-to-earnings ratio of 11.11 and a beta of 0.87. The stock has a fifty day moving average of $24.72 and a two-hundred day moving average of $22.26. Universal Insurance Holdings, Inc. has a 12-month low of $16.50 and a 12-month high of $28.49.

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

Universal Insurance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.64 dividend on an annualized basis and a yield of 2.34%. Universal Insurance's payout ratio is 27.95%.

Analyst Ratings Changes

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

Insider Activity at Universal Insurance

In other Universal Insurance news, Director Jon Springer sold 30,000 shares of Universal Insurance stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $27.06, for a total value of $811,800.00. Following the completion of the sale, the director now directly owns 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Sean P. Downes sold 20,000 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $26.34, for a total transaction of $526,800.00. Following the transaction, the chairman now owns 951,667 shares in the company, valued at approximately $25,066,908.78. This trade represents a 2.06% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,393 shares of company stock valued at $2,014,525. Insiders own 16.60% of the company's stock.

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.