Jane Street Group LLC reduced its position in Universal Insurance Holdings, Inc. (NYSE:UVE - Free Report) by 20.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,273 shares of the insurance provider's stock after selling 12,501 shares during the quarter. Jane Street Group LLC owned 0.17% of Universal Insurance worth $996,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new position in Universal Insurance during the 4th quarter valued at about $103,000. Quantbot Technologies LP boosted its stake in shares of Universal Insurance by 45,981.8% during the fourth quarter. Quantbot Technologies LP now owns 5,069 shares of the insurance provider's stock valued at $107,000 after purchasing an additional 5,058 shares in the last quarter. Aquatic Capital Management LLC bought a new position in shares of Universal Insurance during the fourth quarter valued at approximately $121,000. Victory Capital Management Inc. purchased a new position in Universal Insurance during the fourth quarter valued at approximately $240,000. Finally, Wells Fargo & Company MN raised its stake in Universal Insurance by 5.6% in the fourth quarter. Wells Fargo & Company MN now owns 13,804 shares of the insurance provider's stock worth $291,000 after buying an additional 732 shares in the last quarter. 66.61% of the stock is currently owned by institutional investors.
Universal Insurance Stock Down 1.2%
Shares of NYSE UVE traded down $0.32 during mid-day trading on Wednesday, reaching $26.54. 277,632 shares of the company were exchanged, compared to its average volume of 187,016. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.25. The stock has a market cap of $746.97 million, a price-to-earnings ratio of 10.79 and a beta of 0.83. Universal Insurance Holdings, Inc. has a 1 year low of $16.50 and a 1 year high of $26.88. The firm has a 50-day moving average of $24.15 and a 200 day moving average of $22.05.
Universal Insurance (NYSE:UVE - Get Free Report) last announced its earnings results on Thursday, April 24th. The insurance provider reported $1.44 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.32. The business 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%. On average, research analysts expect that Universal Insurance Holdings, Inc. will post 1.66 earnings per share 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 paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.64 annualized dividend and a dividend yield of 2.41%. Universal Insurance's dividend payout ratio (DPR) is presently 27.95%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised Universal Insurance from a "buy" rating to a "strong-buy" rating in a research report on Monday, April 28th.
View Our Latest Stock Analysis on UVE
Insider Activity at Universal Insurance
In other 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Sean P. Downes sold 20,000 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $26.34, for a total value of $526,800.00. Following the transaction, the chairman now directly owns 951,667 shares in the company, valued at $25,066,908.78. This represents a 2.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,393 shares of company stock valued at $2,085,925 over the last 90 days. Insiders own 16.60% of the company's stock.
Universal Insurance Profile
(
Free Report)
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.
Further Reading
Before you consider Universal Insurance, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Universal Insurance wasn't on the list.
While Universal Insurance currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
