Deutsche Bank AG increased its stake in shares of Universal Insurance Holdings Inc (NYSE:UVE) by 45.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 138,415 shares of the insurance provider’s stock after acquiring an additional 43,192 shares during the period. Deutsche Bank AG owned about 0.40% of Universal Insurance worth $3,782,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. New York State Common Retirement Fund grew its holdings in Universal Insurance by 5.1% during the third quarter. New York State Common Retirement Fund now owns 55,772 shares of the insurance provider’s stock worth $1,283,000 after acquiring an additional 2,693 shares during the period. Advisor Group Inc. grew its holdings in Universal Insurance by 75.6% during the fourth quarter. Advisor Group Inc. now owns 7,717 shares of the insurance provider’s stock worth $211,000 after acquiring an additional 3,323 shares during the period. AMP Capital Investors Ltd grew its holdings in Universal Insurance by 9.9% during the third quarter. AMP Capital Investors Ltd now owns 43,400 shares of the insurance provider’s stock worth $999,000 after acquiring an additional 3,900 shares during the period. Nisa Investment Advisors LLC grew its holdings in Universal Insurance by 94.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 10,320 shares of the insurance provider’s stock worth $282,000 after acquiring an additional 5,000 shares during the period. Finally, California Public Employees Retirement System grew its holdings in Universal Insurance by 9.2% during the fourth quarter. California Public Employees Retirement System now owns 77,303 shares of the insurance provider’s stock worth $2,114,000 after acquiring an additional 6,534 shares during the period. 74.32% of the stock is currently owned by hedge funds and other institutional investors.
Shares of UVE opened at $32.70 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.03. Universal Insurance Holdings Inc has a 12 month low of $15.07 and a 12 month high of $33.20. The company has a market capitalization of $1,120.85, a price-to-earnings ratio of 10.75 and a beta of 1.75.
Universal Insurance (NYSE:UVE) last issued its quarterly earnings data on Tuesday, February 20th. The insurance provider reported $1.03 EPS for the quarter. Universal Insurance had a return on equity of 25.45% and a net margin of 14.22%. The company had revenue of $201.31 million for the quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 4th. Shareholders of record on Friday, April 27th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.71%. The ex-dividend date is Thursday, April 26th.
In other Universal Insurance news, Director Scott P. Callahan sold 2,600 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $30.53, for a total value of $79,378.00. Following the sale, the director now directly owns 8,536 shares of the company’s stock, valued at $260,604.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.50% of the stock is currently owned by company insiders.
Several research firms recently commented on UVE. ValuEngine raised Universal Insurance from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 13th. Keefe, Bruyette & Woods set a $35.00 price objective on Universal Insurance and gave the company a “buy” rating in a report on Tuesday, April 10th.
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Universal Insurance Company 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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