6 days Ago By Defense World Staff
American Century Companies Inc. increased its holdings in Universal Insurance Holdings, Inc. ( NYSE:UVE – Free Report ) by 10.
4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 608,889 shares of the insurance provider’s stock after buying an additional 57,424 shares during the quarter. American Century Companies Inc.
owned 2.15% of Universal Insurance worth $12,823,000 at the end of the most recent reporting period. Several other large investors also recently added to or reduced their stakes in UVE.
Geode Capital Management LLC boosted its stake in shares of Universal Insurance by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 689,767 shares of the insurance provider’s stock worth $15,289,000 after acquiring an additional 49,123 shares during the last quarter.
CWA Asset Management Group LLC grew its holdings in Universal Insurance by 100.0% during the fourth quarter. CWA Asset Management Group LLC now owns 570,615 shares of the insurance provider’s stock valued at $12,017,000 after purchasing an additional 285,338 shares during the period.
Barclays PLC increased its position in Universal Insurance by 69.5% in the third quarter. Barclays PLC now owns 68,969 shares of the insurance provider’s stock worth $1,528,000 after buying an additional 28,278 shares in the last quarter.
HighTower Advisors LLC bought a new position in shares of Universal Insurance in the third quarter worth about $636,000. Finally, Jane Street Group LLC grew its stake in shares of Universal Insurance by 2,142.1% during the 3rd quarter.
Jane Street Group LLC now owns 59,774 shares of the insurance provider’s stock valued at $1,325,000 after acquiring an additional 57,108 shares during the period. 66.61% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In Separately, StockNews.com cut shares of Universal Insurance from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 26th. Insider Buying and Selling at Universal Insurance In other Universal Insurance news, Chairman Sean P.
Downes sold 20,000 shares of Universal Insurance 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 transaction, the chairman now directly owns 990,200 shares of the company’s stock, valued at $21,863,616. This trade represents a 1.
98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link . 17.
50% of the stock is currently owned by insiders. Universal Insurance Trading Up 1.6 % Shares of Universal Insurance stock opened at $24.
09 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.
51 and a current ratio of 0.51. The company has a fifty day moving average of $20.
94 and a 200 day moving average of $20.90. The company has a market capitalization of $676.
83 million, a P/E ratio of 9.79 and a beta of 0.84.
Universal Insurance Holdings, Inc. has a fifty-two week low of $16.50 and a fifty-two week high of $24.
14. Universal Insurance ( NYSE:UVE – Get Free Report ) last released its earnings results on Tuesday, February 25th. The insurance provider reported $0.
25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.16.
Universal Insurance had a return on equity of 15.43% and a net margin of 4.82%.
The firm had revenue of $384.81 million during the quarter, compared to analysts’ expectations of $349.91 million.
On average, sell-side analysts anticipate that Universal Insurance Holdings, Inc. will post 1.66 earnings per share for the current fiscal year.
Universal Insurance Increases Dividend The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 7th were paid a dividend of $0.16 per share.
This represents a $0.64 annualized dividend and a yield of 2.66%.
This is a boost from Universal Insurance’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, March 7th.
Universal Insurance’s dividend payout ratio (DPR) is presently 32.16%. About Universal Insurance ( 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. Read More Five stocks we like better than Universal Insurance Stock Trading Terms – Stock Terms Every Investor Needs to Know D-Wave: Multiple Use Cases Emerge Following Quantum Supremacy Energy and Oil Stocks Explained Amazon Falls Back to a Key Support Line: Here’s How to Play It 3 REITs to Buy and Hold for the Long Term Buffett Trims Equities, But Still Keeps Buying This Stock Want to see what other hedge funds are holding UVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Insurance Holdings, Inc.
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