Man Group plc Has $1.50 Million Stake in Universal Insurance Holdings, Inc. (NYSE:UVE)

Man Group plc raised its position in Universal Insurance Holdings, Inc. (NYSE:UVE - Free Report) by 31.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,313 shares of the insurance provider's stock after acquiring an additional 17,020 shares during the quarter. Man Group plc owned 0.25% of Universal Insurance worth $1,502,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in shares of Universal Insurance by 128,888.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 58,045 shares of the insurance provider's stock worth $1,222,000 after acquiring an additional 58,000 shares during the last quarter. Rockwood Wealth Management LLC grew its position in shares of Universal Insurance by 48.4% during the fourth quarter. Rockwood Wealth Management LLC now owns 16,373 shares of the insurance provider's stock worth $337,000 after buying an additional 5,337 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Universal Insurance during the fourth quarter worth approximately $319,000. Rhumbline Advisers grew its position in shares of Universal Insurance by 62.5% during the fourth quarter. Rhumbline Advisers now owns 61,935 shares of the insurance provider's stock worth $1,304,000 after buying an additional 23,830 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Universal Insurance by 9.7% during the fourth quarter. Principal Financial Group Inc. now owns 24,415 shares of the insurance provider's stock worth $514,000 after buying an additional 2,160 shares in the last quarter. Institutional investors and hedge funds own 66.61% of the company's stock.

Insider Buying and Selling at Universal Insurance

In other Universal Insurance news, Director Jon Springer sold 26,393 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $25.61, for a total value of $675,924.73. Following the sale, the director now directly owns 331,835 shares in the company, valued at approximately $8,498,294.35. This trade represents a 7.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Sean P. Downes sold 20,000 shares of the firm's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $22.08, for a total value of $441,600.00. Following the completion of the sale, the chairman now owns 990,200 shares in the company, valued at $21,863,616. The trade was a 1.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,393 shares of company stock worth $2,085,925 over the last ninety days. Company insiders own 16.60% of the company's stock.

Universal Insurance Stock Performance

UVE traded down $0.26 during trading hours on Wednesday, hitting $26.60. 133,197 shares of the stock were exchanged, compared to its average volume of 186,463. The stock has a 50-day simple moving average of $24.05 and a 200-day simple moving average of $22.02. Universal Insurance Holdings, Inc. has a 12 month low of $16.50 and a 12 month high of $26.88. The stock has a market cap of $748.66 million, a price-to-earnings ratio of 10.83 and a beta of 0.83. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.51 and a quick ratio of 0.51.

Universal Insurance (NYSE:UVE - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The insurance provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.32. Universal Insurance had a return on equity of 15.43% and a net margin of 4.82%. The firm had revenue of $394.87 million for the quarter, compared to analysts' expectations of $354.97 million. Analysts anticipate that Universal Insurance Holdings, Inc. will post 1.66 earnings per share for the current year.

Universal Insurance Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Universal Insurance from a "buy" rating to a "strong-buy" rating in a research 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.