14,653 Shares in Universal Insurance Holdings, Inc. (NYSE:UVE) Acquired by XTX Topco Ltd

XTX Topco Ltd bought a new position in Universal Insurance Holdings, Inc. (NYSE:UVE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,653 shares of the insurance provider's stock, valued at approximately $309,000. XTX Topco Ltd owned 0.05% of Universal Insurance at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. KLP Kapitalforvaltning AS purchased a new stake in shares of Universal Insurance in the fourth quarter worth about $103,000. Quantbot Technologies LP boosted its holdings in Universal Insurance by 45,981.8% in 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 during the last quarter. Victory Capital Management Inc. purchased a new position in Universal Insurance in the fourth quarter valued at about $240,000. Wells Fargo & Company MN boosted its holdings 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 valued at $291,000 after purchasing an additional 732 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Universal Insurance in the fourth quarter valued at about $319,000. Hedge funds and other institutional investors own 66.61% of the company's stock.

Universal Insurance Stock Down 1.9 %

UVE traded down $0.46 on Wednesday, reaching $24.22. The company's stock had a trading volume of 226,950 shares, compared to its average volume of 178,723. The stock has a market cap of $680.49 million, a price-to-earnings ratio of 9.85 and a beta of 0.76. Universal Insurance Holdings, Inc. has a 1 year low of $16.50 and a 1 year high of $25.64. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.51 and a quick ratio of 0.51. The business's 50 day moving average is $22.34 and its 200 day moving average is $21.23.

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, beating 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. As a group, research analysts forecast that Universal Insurance Holdings, Inc. will post 1.66 EPS for the current fiscal year.

Universal Insurance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 9th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, May 9th. Universal Insurance's payout ratio is 27.95%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Universal Insurance from a "buy" rating to a "strong-buy" rating in a report on Monday.

Insider Transactions at Universal Insurance

In other news, Chairman Sean P. Downes sold 20,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $22.08, for a total transaction of $441,600.00. Following the sale, the chairman now directly owns 990,200 shares in the company, valued at approximately $21,863,616. This represents a 1.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 17.50% of the company's stock.

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.