SG Americas Securities LLC reduced its position in Universal Insurance Holdings Inc (NYSE:UVE) by 24.1% during the first quarter, Holdings Channel reports. The institutional investor owned 6,239 shares of the insurance provider’s stock after selling 1,979 shares during the period. SG Americas Securities LLC’s holdings in Universal Insurance Holdings were worth $153,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UVE. Envestnet Asset Management Inc. increased 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 worth $136,000 after buying an additional 550 shares in the last quarter. LS Investment Advisors LLC increased its stake in Universal Insurance Holdings by 332.6% in the first 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 in the last quarter. Mason Street Advisors LLC increased its stake in Universal Insurance Holdings by 7.4% in the first 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 in the last quarter. Capital Asset Advisory Services LLC purchased a new stake in Universal Insurance Holdings during the first quarter worth approximately $267,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Universal Insurance Holdings during the first quarter worth approximately $270,000. Institutional investors own 77.75% of the company’s stock.

Shares of Universal Insurance Holdings Inc (NYSE:UVE) opened at 24.95 on Tuesday. The stock has a market capitalization of $875.05 million, a P/E ratio of 8.48 and a beta of 1.84. The company has a 50 day moving average price of $25.05 and a 200-day moving average price of $25.59. Universal Insurance Holdings Inc has a 52-week low of $18.07 and a 52-week high of $29.20.

The business also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Wednesday, June 14th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Monday, June 12th. Universal Insurance Holdings’s dividend payout ratio is presently 19.11%.

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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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