California State Teachers Retirement System Sells 512 Shares of Universal Insurance Holdings, Inc. (NYSE:UVE)

California State Teachers Retirement System decreased its holdings in shares of Universal Insurance Holdings, Inc. (NYSE:UVE) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,077 shares of the insurance provider’s stock after selling 512 shares during the period. California State Teachers Retirement System’s holdings in Universal Insurance were worth $528,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in Universal Insurance by 10.4% during the fourth quarter. American Century Companies Inc. now owns 608,889 shares of the insurance provider’s stock valued at $12,823,000 after buying an additional 57,424 shares during the period. Deutsche Bank AG boosted its stake in Universal Insurance by 60.9% during the fourth quarter. Deutsche Bank AG now owns 21,162 shares of the insurance provider’s stock valued at $446,000 after buying an additional 8,006 shares during the period. Mackenzie Financial Corp bought a new stake in Universal Insurance during the fourth quarter valued at $594,000. Man Group plc raised its position in Universal Insurance by 31.3% during the fourth quarter. Man Group plc now owns 71,313 shares of the insurance provider’s stock valued at $1,502,000 after purchasing an additional 17,020 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Universal Insurance by 10.9% during the fourth quarter. Bank of America Corp DE now owns 103,344 shares of the insurance provider’s stock valued at $2,176,000 after purchasing an additional 10,131 shares in the last quarter. Institutional investors own 66.61% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Universal Insurance from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 28th.

Universal Insurance Trading Down 0.7%

NYSE UVE opened at $26.37 on Thursday. The stock’s 50-day simple moving average is $24.98 and its two-hundred day simple moving average is $22.38. Universal Insurance Holdings, Inc. has a twelve month low of $16.50 and a twelve month high of $28.49. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $742.27 million, a price-to-earnings ratio of 10.72 and a beta of 0.87.

Universal Insurance (NYSE:UVE) last released its quarterly earnings data on Thursday, April 24th. The insurance provider reported $1.44 EPS for the quarter, topping the consensus estimate of $1.12 by $0.32. The firm had revenue of $394.87 million for the quarter, compared to the consensus estimate of $354.97 million. Universal Insurance had a return on equity of 15.43% and a net margin of 4.82%. Research analysts forecast that Universal Insurance Holdings, Inc. will post 1.66 EPS for the current fiscal year.

Universal Insurance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.64 annualized dividend and a dividend yield of 2.43%. Universal Insurance’s dividend payout ratio is currently 27.95%.

Insider Transactions at Universal Insurance

In other news, Chairman Sean P. Downes sold 20,000 shares of Universal Insurance stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $26.34, for a total value of $526,800.00. Following the transaction, the chairman now owns 951,667 shares in the company, valued at approximately $25,066,908.78. The trade was a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jon Springer sold 26,393 shares of Universal Insurance stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $25.61, for a total value of $675,924.73. Following the completion of the transaction, the director now owns 331,835 shares in the company, valued at approximately $8,498,294.35. This represents a 7.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,393 shares of company stock worth $2,014,525. Company insiders own 17.50% of the company’s stock.

About Universal Insurance

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.