Intrust Bank NA lifted its position in shares of Universal Insurance Holdings, Inc. (NYSE:UVE) by 17.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,827 shares of the insurance provider’s stock after purchasing an additional 1,726 shares during the quarter. Intrust Bank NA’s holdings in Universal Insurance were worth $448,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in UVE. WINTON GROUP Ltd boosted its position in shares of Universal Insurance by 2,744.5% during the third quarter. WINTON GROUP Ltd now owns 293,753 shares of the insurance provider’s stock worth $14,262,000 after purchasing an additional 283,426 shares in the last quarter. Epoch Investment Partners Inc. raised its holdings in shares of Universal Insurance by 51.0% during the third quarter. Epoch Investment Partners Inc. now owns 773,554 shares of the insurance provider’s stock worth $37,556,000 after acquiring an additional 261,385 shares during the period. Federated Investors Inc. PA raised its holdings in shares of Universal Insurance by 168.6% during the third quarter. Federated Investors Inc. PA now owns 403,430 shares of the insurance provider’s stock worth $19,586,000 after acquiring an additional 253,221 shares during the period. Matarin Capital Management LLC acquired a new stake in shares of Universal Insurance during the third quarter worth $10,574,000. Finally, Vanguard Group Inc raised its holdings in shares of Universal Insurance by 5.6% during the third quarter. Vanguard Group Inc now owns 3,448,422 shares of the insurance provider’s stock worth $167,421,000 after acquiring an additional 182,978 shares during the period. 75.44% of the stock is currently owned by institutional investors.
Shares of NYSE:UVE opened at $39.04 on Monday. Universal Insurance Holdings, Inc. has a 12 month low of $28.25 and a 12 month high of $50.50. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.02. The firm has a market cap of $1.37 billion, a P/E ratio of 8.66 and a beta of 1.32.
In other Universal Insurance news, CAO Kimberly D. Campos sold 4,610 shares of Universal Insurance stock in a transaction on Thursday, December 13th. The shares were sold at an average price of $40.79, for a total value of $188,041.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jon Springer sold 7,000 shares of Universal Insurance stock in a transaction on Monday, February 11th. The shares were sold at an average price of $38.30, for a total transaction of $268,100.00. Following the completion of the sale, the insider now owns 478,136 shares in the company, valued at $18,312,608.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,610 shares of company stock worth $1,875,012. 10.60% of the stock is currently owned by company insiders.
Separately, ValuEngine lowered shares of Universal Insurance from a “buy” rating to a “hold” rating in a report on Thursday, November 1st.
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Universal Insurance Profile
Universal Insurance Holdings, Inc, together with its subsidiaries, operates as an integrated insurance holding company in the United States. The company primarily offers personal residential homeowner's insurance. It also underwrites homeowner's multi-peril insurance; and fire, commercial multi-peril, and other liability lines of business.
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