Russell Investments Group Ltd. increased its stake in Universal Insurance Holdings, Inc. (NYSE:UVE) by 10.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 49,888 shares of the insurance provider’s stock after buying an additional 4,661 shares during the period. Russell Investments Group Ltd.’s holdings in Universal Insurance Holdings were worth $1,221,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in UVE. Envestnet Asset Management Inc. boosted its stake in Universal Insurance Holdings by 13.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,787 shares of the insurance provider’s stock valued at $136,000 after buying an additional 550 shares in the last quarter. Capital Asset Advisory Services LLC bought a new stake in Universal Insurance Holdings during the first quarter valued at about $267,000. Janney Montgomery Scott LLC bought a new stake in Universal Insurance Holdings during the first quarter valued at about $270,000. Hartford Investment Management Co. boosted its stake in Universal Insurance Holdings by 9.9% in the first quarter. Hartford Investment Management Co. now owns 12,250 shares of the insurance provider’s stock valued at $300,000 after buying an additional 1,100 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in Universal Insurance Holdings by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 13,300 shares of the insurance provider’s stock valued at $326,000 after buying an additional 200 shares in the last quarter. 77.75% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Universal Insurance Holdings, Inc. (NYSE:UVE) opened at 25.30 on Friday. The firm has a market capitalization of $887.32 million, a PE ratio of 8.60 and a beta of 1.77. Universal Insurance Holdings, Inc. has a 52-week low of $17.31 and a 52-week high of $29.20. The company has a 50 day moving average of $24.96 and a 200 day moving average of $25.59.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Wednesday, June 14th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Monday, June 12th. Universal Insurance Holdings’s dividend payout ratio (DPR) is presently 19.11%.

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About Universal Insurance Holdings

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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