Capital Returns Management LLC lowered its stake in Universal Insurance Holdings Inc (NYSE:UVE) by 28.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 399,528 shares of the company’s stock after selling 155,300 shares during the period. Universal Insurance Holdings makes up about 4.8% of Capital Returns Management LLC’s portfolio, making the stock its 10th largest position. Capital Returns Management LLC owned approximately 1.14% of Universal Insurance Holdings worth $11,347,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in UVE. JPMorgan Chase & Co. increased its stake in shares of Universal Insurance Holdings by 7.4% in the second quarter. JPMorgan Chase & Co. now owns 105,063 shares of the company’s stock valued at $1,952,000 after buying an additional 7,256 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Universal Insurance Holdings by 15.6% in the second quarter. Prudential Financial Inc. now owns 89,006 shares of the company’s stock valued at $1,654,000 after buying an additional 11,980 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Universal Insurance Holdings by 3.6% in the second quarter. Principal Financial Group Inc. now owns 226,582 shares of the company’s stock valued at $4,210,000 after buying an additional 7,769 shares during the last quarter. Frontier Investment Mgmt Co. increased its stake in shares of Universal Insurance Holdings by 18.6% in the second quarter. Frontier Investment Mgmt Co. now owns 212,100 shares of the company’s stock valued at $3,941,000 after buying an additional 33,300 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Universal Insurance Holdings by 4.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 153,505 shares of the company’s stock valued at $2,853,000 after buying an additional 6,784 shares during the last quarter. 70.42% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Universal Insurance Holdings (NYSE:UVE)

Shares of Universal Insurance Holdings Inc (NYSE:UVE) traded up 0.56% during midday trading on Thursday, hitting $26.90. 118,024 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $27.17 and its 200-day moving average is $24.45. The stock has a market cap of $942.60 million, a PE ratio of 8.33 and a beta of 1.77. Universal Insurance Holdings Inc has a 1-year low of $16.32 and a 1-year high of $29.20.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 2nd. Shareholders of record on Friday, February 17th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $0.56 annualized dividend and a dividend yield of 2.08%. Universal Insurance Holdings’s dividend payout ratio is currently 17.39%.

This report was originally reported by Watch List News and is the property of of Watch List News. If you are reading this report on another domain, it was copied illegally and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at http://www.watchlistnews.com/universal-insurance-holdings-inc-uve-stake-reduced-by-capital-returns-management-llc/1121390.html.

In other Universal Insurance Holdings news, Director Michael Pietrangelo sold 17,000 shares of the firm’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $25.65, for a total transaction of $436,050.00. Following the sale, the director now directly owns 44,248 shares of the company’s stock, valued at approximately $1,134,961.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.40% of the stock is owned by company insiders.

Universal Insurance Holdings Company Profile

Universal Insurance Holdings, Inc (UVE) is a private personal residential homeowners insurance company in Florida. The Company performs substantially all aspects of insurance underwriting, policy issuance, general administration, and claims processing and settlement internally. The Company writes personal residential homeowners insurance policies, predominantly in Florida.

5 Day Chart for NYSE:UVE

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).

Receive News & Ratings for Universal Insurance Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Insurance Holdings Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.