Martingale Asset Management L P boosted its holdings in shares of UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE) by 20.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 76,851 shares of the insurance provider’s stock after buying an additional 13,006 shares during the quarter. Martingale Asset Management L P owned 0.22% of UNIVERSAL INSURANCE HOLDINGS INC worth $1,937,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. raised its position in UNIVERSAL INSURANCE HOLDINGS INC by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,687 shares of the insurance provider’s stock worth $118,000 after buying an additional 703 shares during the last quarter. LS Investment Advisors LLC raised its position in UNIVERSAL INSURANCE HOLDINGS INC by 332.6% during the 1st quarter. LS Investment Advisors LLC now owns 5,105 shares of the insurance provider’s stock worth $125,000 after buying an additional 3,925 shares during the last quarter. Envestnet Asset Management Inc. raised its position in UNIVERSAL INSURANCE HOLDINGS INC by 7.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 5,159 shares of the insurance provider’s stock worth $126,000 after buying an additional 372 shares during the last quarter. State of Alaska Department of Revenue raised its position in UNIVERSAL INSURANCE HOLDINGS INC by 77.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,414 shares of the insurance provider’s stock worth $161,000 after buying an additional 2,804 shares during the last quarter. Finally, Mason Street Advisors LLC raised its position in UNIVERSAL INSURANCE HOLDINGS INC by 7.4% during the 1st quarter. Mason Street Advisors LLC now owns 7,649 shares of the insurance provider’s stock worth $187,000 after buying an additional 527 shares during the last quarter. 73.34% of the stock is owned by institutional investors.

Shares of UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE) opened at 20.65 on Wednesday. The firm has a market cap of $719.57 million, a PE ratio of 7.31 and a beta of 1.84. UNIVERSAL INSURANCE HOLDINGS INC has a 52 week low of $15.08 and a 52 week high of $29.20. The stock’s 50 day moving average is $21.93 and its 200-day moving average is $23.87.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Stockholders of record on Tuesday, September 12th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Monday, September 11th. UNIVERSAL INSURANCE HOLDINGS INC’s dividend payout ratio (DPR) is presently 19.93%.

UVE has been the subject of a number of recent research reports. ValuEngine lowered shares of UNIVERSAL INSURANCE HOLDINGS INC from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 18th. BidaskClub lowered shares of UNIVERSAL INSURANCE HOLDINGS INC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $29.00 price objective on shares of UNIVERSAL INSURANCE HOLDINGS INC in a research note on Friday, August 18th.

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In related news, CFO Frank Wilcox purchased 2,000 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was acquired at an average price of $17.69 per share, for a total transaction of $35,380.00. Following the completion of the purchase, the chief financial officer now directly owns 96,024 shares of the company’s stock, valued at $1,698,664.56. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 10.50% of the stock is owned by corporate insiders.

UNIVERSAL INSURANCE HOLDINGS INC 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 INC (NYSE:UVE)

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