1 week Ago By ABMN Staff
Arrowstreet Capital Limited Partnership reduced its position in Universal Insurance Holdings, Inc. ( NYSE:UVE – Free Report ) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The fund owned 413,434 shares of the insurance provider’s stock after selling 27,743 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Universal Insurance were worth $8,707,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business.
Vanguard Group Inc. grew its stake in shares of Universal Insurance by 0.3% in the fourth quarter.
Vanguard Group Inc. now owns 1,674,545 shares of the insurance provider’s stock worth $35,266,000 after acquiring an additional 4,480 shares during the period. Geode Capital Management LLC boosted its holdings in Universal Insurance by 7.
7% in the third quarter. Geode Capital Management LLC now owns 689,767 shares of the insurance provider’s stock worth $15,289,000 after purchasing an additional 49,123 shares during the last quarter. American Century Companies Inc.
raised its stake in Universal Insurance by 10.4% during the 4th quarter. American Century Companies Inc.
now owns 608,889 shares of the insurance provider’s stock valued at $12,823,000 after buying an additional 57,424 shares during the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of Universal Insurance by 100.0% during the 4th quarter.
CWA Asset Management Group LLC now owns 570,615 shares of the insurance provider’s stock valued at $12,017,000 after buying an additional 285,338 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Universal Insurance by 22.
4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 347,395 shares of the insurance provider’s stock valued at $7,698,000 after buying an additional 63,582 shares during the period.
66.61% of the stock is owned by institutional investors. Insiders Place Their Bets In other news, Chairman Sean P.
Downes sold 20,000 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were 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 $21,863,616. This trade represents a 1.
98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink . 17.
50% of the stock is owned by company insiders. Universal Insurance Stock Performance Universal Insurance ( NYSE:UVE – Get Free Report ) last posted its quarterly earnings data on Tuesday, February 25th. The insurance provider reported $0.
25 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 analyst estimates of $349.91 million.
On average, research analysts anticipate that Universal Insurance Holdings, Inc. will post 1.66 earnings per share for the current year.
Universal Insurance Increases Dividend The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 7th were issued a $0.16 dividend.
This represents a $0.64 annualized dividend and a yield of 2.87%.
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.
Universal Insurance’s dividend payout ratio is currently 32.16%. Wall Street Analysts Forecast Growth Separately, StockNews.
com lowered Universal Insurance from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 26th. Read Our Latest Analysis on Universal Insurance 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 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. ( NYSE:UVE – Free Report ).
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