Universal Insurance Holdings Inc (NYSE:UVE) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC raised its position in Universal Insurance Holdings Inc (NYSE:UVE - Free Report) by 3,499.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,348 shares of the insurance provider's stock after purchasing an additional 16,866 shares during the quarter. GAMMA Investing LLC owned about 0.06% of Universal Insurance worth $411,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Donald Smith & CO. Inc. lifted its holdings in shares of Universal Insurance by 11.3% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,720,519 shares of the insurance provider's stock worth $36,234,000 after acquiring an additional 174,843 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Universal Insurance by 0.3% in the 4th 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 last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Universal Insurance by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,496,224 shares of the insurance provider's stock worth $31,510,000 after acquiring an additional 6,250 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Universal Insurance by 10.4% in the 4th 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. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Universal Insurance by 0.6% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 366,877 shares of the insurance provider's stock worth $7,726,000 after acquiring an additional 2,181 shares during the last quarter. 66.61% of the stock is currently owned by institutional investors and hedge funds.

Universal Insurance Stock Up 3.0%

Universal Insurance stock traded up $0.79 during mid-day trading on Monday, reaching $27.18. 232,793 shares of the company's stock were exchanged, compared to its average volume of 191,704. The company has a market cap of $765.12 million, a P/E ratio of 11.87 and a beta of 0.87. Universal Insurance Holdings Inc has a twelve month low of $16.50 and a twelve month 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 company has a fifty day moving average of $25.71 and a 200-day moving average of $22.59.

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 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%. Sell-side analysts expect that Universal Insurance Holdings Inc will post 1.66 EPS for the current year.

Universal Insurance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were issued a dividend of $0.16 per share. The ex-dividend date was Friday, May 9th. This represents a $0.64 dividend on an annualized basis and a yield of 2.35%. Universal Insurance's dividend payout ratio (DPR) is presently 27.95%.

Insiders Place Their Bets

In other Universal Insurance news, Chairman Sean P. Downes sold 25,000 shares of the company's 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 completion of the transaction, the chairman now owns 926,667 shares in the company, valued at $24,936,608.97. This represents a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jon Springer sold 30,000 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $27.06, for a total transaction of $811,800.00. Following the completion of the transaction, the director now owns 301,835 shares of the company's stock, valued at $8,167,655.10. This represents a 9.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,393 shares of company stock worth $2,687,275 in the last ninety days. 17.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of 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.