Universal Insurance Holdings, Inc. (UVE) Shares Sold by Strs Ohio

Strs Ohio lessened its stake in Universal Insurance Holdings, Inc. (NYSE:UVE) by 25.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,800 shares of the insurance provider’s stock after selling 7,200 shares during the quarter. Strs Ohio owned 0.06% of Universal Insurance worth $1,009,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Sun Life Financial INC acquired a new position in shares of Universal Insurance in the second quarter valued at approximately $237,000. Russell Investments Group Ltd. boosted its holdings in shares of Universal Insurance by 20.8% in the second quarter. Russell Investments Group Ltd. now owns 66,110 shares of the insurance provider’s stock valued at $2,320,000 after buying an additional 11,392 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Universal Insurance by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,709,632 shares of the insurance provider’s stock valued at $60,008,000 after buying an additional 32,633 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in shares of Universal Insurance by 57.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 48,047 shares of the insurance provider’s stock valued at $1,686,000 after buying an additional 17,577 shares during the period. Finally, Epoch Investment Partners Inc. acquired a new position in shares of Universal Insurance in the second quarter valued at approximately $17,978,000. Institutional investors own 73.52% of the company’s stock.

In related news, insider Jon Springer sold 7,000 shares of the stock in a transaction on Monday, September 10th. The shares were sold at an average price of $44.68, for a total transaction of $312,760.00. Following the completion of the transaction, the insider now owns 449,325 shares in the company, valued at $20,075,841. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sean P. Downes sold 20,000 shares of the stock in a transaction on Friday, August 24th. The stock was sold at an average price of $45.14, for a total transaction of $902,800.00. Following the transaction, the chief executive officer now owns 1,379,141 shares of the company’s stock, valued at approximately $62,254,424.74. The disclosure for this sale can be found here. Insiders have sold 81,000 shares of company stock valued at $3,725,490 in the last 90 days. 10.60% of the stock is currently owned by corporate insiders.

Several research firms have recently weighed in on UVE. ValuEngine cut shares of Universal Insurance from a “buy” rating to a “hold” rating in a report on Thursday. Keefe, Bruyette & Woods cut shares of Universal Insurance from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $39.00 to $44.00 in a report on Friday, July 27th.

Shares of UVE opened at $43.20 on Friday. Universal Insurance Holdings, Inc. has a 12 month low of $22.95 and a 12 month high of $50.50. The firm has a market cap of $1.51 billion, a P/E ratio of 9.64 and a beta of 1.88. The company has a quick ratio of 0.71, a current ratio of 0.64 and a debt-to-equity ratio of 0.02.

Universal Insurance (NYSE:UVE) last announced its earnings results on Monday, October 29th. The insurance provider reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.02. Universal Insurance had a net margin of 19.77% and a return on equity of 33.17%. The business had revenue of $206.16 million during the quarter.

About Universal Insurance

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

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