Universal Insurance

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in shares of Universal Insurance Holdings, Inc. (NYSE:UVE – Free Report) by 7.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,959 shares of the insurance provider’s stock after selling 4,055 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.17% of Universal Insurance worth $989,000 at the end of the most recent quarter. Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new stake in Universal Insurance during the 4th quarter valued at approximately $103,000. Quantbot Technologies LP grew its stake in Universal Insurance by 45,981.8% during the 4th quarter. Quantbot Technologies LP now owns 5,069 shares of the insurance provider’s stock valued at $107,000 after purchasing an additional 5,058 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in Universal Insurance during the 4th quarter valued at approximately $121,000. Lazard Asset Management LLC grew its stake in Universal Insurance by 56.7% during the 4th quarter. Lazard Asset Management LLC now owns 5,758 shares of the insurance provider’s stock valued at $121,000 after purchasing an additional 2,083 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in Universal Insurance during the 4th quarter valued at approximately $240,000. 66.61% of the stock is currently owned by institutional investors and hedge funds. Universal Insurance Trading Down 1.2% NYSE:UVE opened at $26.57 on Wednesday. Universal Insurance Holdings, Inc. has a 12-month low of $16.50 and a 12-month high of $28.49. The firm has a market capitalization of $747.87 million, a P/E ratio of 10.80 and a beta of 0.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.51 and a quick ratio of 0.51. The business has a 50 day simple moving average of $24.90 and a 200 day simple moving average of $22.35. Universal Insurance (NYSE:UVE – Get Free Report) last announced its earnings results on Thursday, April 24th. The insurance provider reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.32. Universal Insurance had a return on equity of 15.43% and a net margin of 4.82%. The firm had revenue of $394.87 million for the quarter, compared to the consensus estimate of $354.97 million. Equities research analysts predict that Universal Insurance Holdings, Inc. will post 1.66 EPS for the current year. Universal Insurance Announces Dividend The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Friday, May 9th. Universal Insurance’s payout ratio is 27.95%. Wall Street Analyst Weigh In Separately, Wall Street Zen raised Universal Insurance from a “buy” rating to a “strong-buy” rating in a report on Monday, April 28th. Get Our Latest Research Report on Universal Insurance Insider Buying and Selling In other Universal Insurance news, Chairman Sean P. Downes sold 20,000 shares of the business’s 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 completion of the sale, the chairman now owns 951,667 shares of the company’s stock, valued at $25,066,908.78. The trade was a 2.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jon Springer sold 26,393 shares of the business’s 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 transaction, the director now directly owns 331,835 shares of the company’s stock, valued at $8,498,294.35. This represents a 7.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,393 shares of company stock worth $2,014,525 in the last three months. 16.60% of the stock is currently owned by insiders. 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. Read More Five stocks we like better than Universal Insurance Consumer Staples Stocks, Explained AppLovin Dips on S&P 500 Snub, Morgan Stanley Lifts Target Anyway The Basics of Support and Resistance Casey’s Surges on Strong Q4, More Gains Likely Ahead Where to Find Earnings Call Transcripts Government Mandate Sends eVTOL Stocks Flying» Mehr auf defenseworld.net

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