Universal Insurance Holdings, Inc. (NYSE:UVE) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its holdings in Universal Insurance Holdings, Inc. (NYSE:UVE - Free Report) by 20.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm 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 filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Donald Smith & CO. Inc. lifted its holdings in Universal Insurance by 11.3% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,720,519 shares of the insurance provider's stock valued at $36,234,000 after acquiring an additional 174,843 shares during the period. Vanguard Group Inc. raised its stake in shares of Universal Insurance by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 1,674,545 shares of the insurance provider's stock worth $35,266,000 after buying an additional 4,480 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Universal Insurance by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,496,224 shares of the insurance provider's stock worth $31,510,000 after buying an additional 6,250 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Universal Insurance by 10.4% during the 4th quarter. American Century Companies Inc. now owns 608,889 shares of the insurance provider's stock worth $12,823,000 after buying an additional 57,424 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Universal Insurance by 10.5% during the 4th quarter. Renaissance Technologies LLC now owns 357,100 shares of the insurance provider's stock worth $7,521,000 after buying an additional 33,900 shares during the last quarter. Institutional investors and hedge funds own 66.61% of the company's stock.

Analysts Set New Price Targets

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 Buying and Selling

In related news, Chairman Sean P. Downes sold 20,000 shares of Universal Insurance stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $26.34, for a total transaction of $526,800.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jon Springer sold 26,393 shares of Universal Insurance stock in a transaction dated 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 owns 331,835 shares of the company's stock, valued at approximately $8,498,294.35. This represents a 7.37% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,393 shares of company stock worth $2,085,925. 16.60% of the stock is owned by corporate insiders.

Universal Insurance Trading Down 0.6%

NYSE:UVE opened at $26.37 on Friday. The company has a market capitalization of $742.30 million, a PE ratio of 10.72 and a beta of 0.83. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.25. Universal Insurance Holdings, Inc. has a 52-week low of $16.50 and a 52-week high of $26.85. The stock has a fifty day simple moving average of $23.76 and a 200-day simple moving average of $21.90.

Universal Insurance (NYSE:UVE - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $394.87 million during the quarter, compared to the consensus estimate of $354.97 million. Universal Insurance had a return on equity of 15.43% and a net margin of 4.82%. On average, equities research analysts expect that Universal Insurance Holdings, Inc. will post 1.66 earnings per share for the current fiscal year.

Universal Insurance Announces Dividend

The business 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. This represents a $0.64 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Friday, May 9th. Universal Insurance's dividend payout ratio is presently 27.95%.

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.

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