Louisiana State Employees Retirement System continued to hold its position in shares of Universal Insurance Holdings Inc (NYSE:UVE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,300 shares of the insurance provider’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Universal Insurance Holdings were worth $335,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UVE. BlackRock Inc. increased its position in shares of Universal Insurance Holdings by 73,456.7% in the first quarter. BlackRock Inc. now owns 4,062,534 shares of the insurance provider’s stock worth $99,533,000 after buying an additional 4,057,011 shares during the last quarter. LSV Asset Management increased its position in shares of Universal Insurance Holdings by 2.4% in the first quarter. LSV Asset Management now owns 1,593,928 shares of the insurance provider’s stock worth $39,051,000 after buying an additional 37,808 shares during the last quarter. State Street Corp increased its position in shares of Universal Insurance Holdings by 7.2% in the first quarter. State Street Corp now owns 772,406 shares of the insurance provider’s stock worth $18,922,000 after buying an additional 52,043 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Universal Insurance Holdings by 5.4% in the first quarter. Teachers Advisors LLC now owns 578,696 shares of the insurance provider’s stock worth $14,178,000 after buying an additional 29,619 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Universal Insurance Holdings by 9.1% in the first quarter. Bank of New York Mellon Corp now owns 562,226 shares of the insurance provider’s stock worth $13,774,000 after buying an additional 46,733 shares during the last quarter. 77.27% of the stock is owned by institutional investors.

Shares of Universal Insurance Holdings Inc (NYSE:UVE) traded down 0.322% on Wednesday, hitting $23.225. The stock had a trading volume of 35,036 shares. The company has a market cap of $809.30 million, a price-to-earnings ratio of 8.224 and a beta of 1.82. Universal Insurance Holdings Inc has a one year low of $18.07 and a one year high of $29.20. The firm’s 50-day moving average is $24.25 and its 200-day moving average is $24.79.

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Several research analysts have recently weighed in on UVE shares. ValuEngine downgraded Universal Insurance Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 18th. BidaskClub downgraded Universal Insurance Holdings from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st.

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’s subsidiaries include Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC).

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

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