Quantbot Technologies LP Boosts Stock Position in Universal Insurance Holdings, Inc. (NYSE:UVE)

Quantbot Technologies LP boosted its stake in shares of Universal Insurance Holdings, Inc. (NYSE:UVEFree Report) by 387.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 38,718 shares of the insurance provider’s stock after acquiring an additional 30,773 shares during the period. Quantbot Technologies LP’s holdings in Universal Insurance were worth $543,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Belpointe Asset Management LLC acquired a new position in shares of Universal Insurance during the 1st quarter worth about $102,000. Fortis Capital Advisors LLC acquired a new position in shares of Universal Insurance during the 1st quarter worth about $102,000. Tower Research Capital LLC TRC boosted its position in shares of Universal Insurance by 208.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,929 shares of the insurance provider’s stock worth $78,000 after acquiring an additional 5,360 shares in the last quarter. Point72 Middle East FZE acquired a new position in shares of Universal Insurance during the 2nd quarter worth about $125,000. Finally, Captrust Financial Advisors boosted its position in shares of Universal Insurance by 1,340.5% during the 1st quarter. Captrust Financial Advisors now owns 9,464 shares of the insurance provider’s stock worth $128,000 after acquiring an additional 8,807 shares in the last quarter. Hedge funds and other institutional investors own 66.43% of the company’s stock.

Universal Insurance Stock Performance

NYSE UVE opened at $16.16 on Wednesday. Universal Insurance Holdings, Inc. has a 1-year low of $11.15 and a 1-year high of $20.15. The company has a market capitalization of $471.71 million, a P/E ratio of 6.91 and a beta of 0.78. The business has a 50 day moving average price of $16.49 and a 200 day moving average price of $15.11. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.58 and a quick ratio of 0.58.

Universal Insurance Announces Dividend

The firm also recently disclosed a None dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 8th were issued a dividend of $0.29 per share. This represents a dividend yield of 3.9%. The ex-dividend date of this dividend was Thursday, December 7th. Universal Insurance’s dividend payout ratio (DPR) is 27.35%.

Analysts Set New Price Targets

UVE has been the subject of a number of research analyst reports. StockNews.com raised Universal Insurance from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 26th. Piper Sandler upped their target price on Universal Insurance from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, October 30th.

Check Out Our Latest Stock Analysis on Universal Insurance

Insider Transactions at Universal Insurance

In related news, Chairman Sean P. Downes sold 20,000 shares of Universal Insurance stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $16.60, for a total value of $332,000.00. Following the transaction, the chairman now owns 1,251,919 shares in the company, valued at $20,781,855.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 17.70% of the company’s stock.

Universal Insurance Company Profile

(Free Report)

Universal Insurance Holdings, Inc, together with its subsidiaries, operates as an integrated insurance holding company in the United States. It develops, markets, and underwrites insurance products for personal residential insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire; and offers allied lines, coverage for other structures, and personal property, liability, and personal articles coverages.

See Also

Want to see what other hedge funds are holding UVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Insurance Holdings, Inc. (NYSE:UVEFree Report).

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

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