Integrated Quantitative Investments LLC Makes New Investment in Universal Insurance Holdings, Inc. (NYSE:UVE)

Integrated Quantitative Investments LLC purchased a new stake in Universal Insurance Holdings, Inc. (NYSE:UVE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 53,966 shares of the insurance provider's stock, valued at approximately $1,137,000. Integrated Quantitative Investments LLC owned approximately 0.19% of Universal Insurance at the end of the most recent reporting period.

Several other large investors have also modified their holdings of UVE. Quarry LP raised its position in shares of Universal Insurance by 55.6% in the third quarter. Quarry LP now owns 2,171 shares of the insurance provider's stock valued at $48,000 after buying an additional 776 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Universal Insurance during the fourth quarter worth about $103,000. Quantbot Technologies LP grew its holdings in Universal Insurance by 45,981.8% in the 4th quarter. Quantbot Technologies LP now owns 5,069 shares of the insurance provider's stock valued at $107,000 after buying an additional 5,058 shares during the period. The Manufacturers Life Insurance Company acquired a new position in shares of Universal Insurance during the 3rd quarter valued at about $206,000. Finally, PDT Partners LLC purchased a new position in shares of Universal Insurance during the 3rd quarter worth about $225,000. 66.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Universal Insurance from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 26th.

Universal Insurance Trading Up 0.8 %

Shares of UVE stock traded up $0.17 on Wednesday, reaching $21.68. 33,276 shares of the stock were exchanged, compared to its average volume of 176,518. 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 $609.12 million, a P/E ratio of 8.75 and a beta of 0.76. The firm has a 50 day moving average of $21.28 and a two-hundred day moving average of $20.92. Universal Insurance Holdings, Inc. has a 1-year low of $16.50 and a 1-year high of $24.14.

Universal Insurance (NYSE:UVE - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The insurance provider reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.16. The company had revenue of $384.81 million for the quarter, compared to the consensus estimate of $349.91 million. Universal Insurance had a return on equity of 15.43% and a net margin of 4.82%. On average, research analysts anticipate that Universal Insurance Holdings, Inc. will post 1.66 EPS for the current year.

Universal Insurance Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 7th were issued a dividend of $0.16 per share. This is a positive change from Universal Insurance's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.64 annualized dividend and a dividend yield of 2.95%. Universal Insurance's payout ratio is presently 32.16%.

Insider Buying and Selling

In other Universal Insurance news, Chairman Sean P. Downes sold 20,000 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $22.08, for a total transaction of $441,600.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 17.50% of the stock is owned by corporate insiders.

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.