TIAA CREF Investment Management LLC decreased its position in Universal American Co. (NYSE:UAM) by 26.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 123,532 shares of the financial services provider’s stock after selling 44,709 shares during the period. TIAA CREF Investment Management LLC’s holdings in Universal American were worth $1,232,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Universal American during the first quarter worth about $1,261,000. KBC Group NV bought a new stake in shares of Universal American during the first quarter worth about $408,000. OMERS ADMINISTRATION Corp boosted its stake in shares of Universal American by 14.3% in the first quarter. OMERS ADMINISTRATION Corp now owns 380,855 shares of the financial services provider’s stock worth $3,797,000 after buying an additional 47,655 shares during the period. Kassirer Asset Management Corp boosted its stake in shares of Universal American by 54.9% in the first quarter. Kassirer Asset Management Corp now owns 212,077 shares of the financial services provider’s stock worth $2,114,000 after buying an additional 75,185 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Universal American by 0.8% in the first quarter. Parametric Portfolio Associates LLC now owns 99,045 shares of the financial services provider’s stock worth $987,000 after buying an additional 738 shares during the period. 85.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of Universal American Co. (UAM) remained flat at $9.97 during mid-day trading on Tuesday. The stock had a trading volume of 136,320 shares. Universal American Co. has a 1-year low of $6.72 and a 1-year high of $10.13. The stock’s 50 day moving average is $9.97 and its 200 day moving average is $9.96.

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About Universal American

Universal American Corp. provides an array of health insurance and managed care products and services to people covered by Medicare. The Company’s segments include Medicare Advantage, Management Services Organization (MSO), and Corporate & Other. The Medicare Advantage segment contains the operations of its initiatives in managed care for seniors.

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Institutional Ownership by Quarter for Universal American (NYSE:UAM)

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