Versor Investments LP Makes New Investment in Universal Insurance Holdings, Inc. (NYSE:UVE)

Versor Investments LP purchased a new position in Universal Insurance Holdings, Inc. (NYSE:UVEGet Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,500 shares of the insurance provider’s stock, valued at approximately $133,000.

Other large investors also recently modified their holdings of the company. Whittier Trust Co. bought a new stake in shares of Universal Insurance in the second quarter worth about $26,000. KBC Group NV bought a new position in shares of Universal Insurance during the second quarter worth about $26,000. Quantbot Technologies LP bought a new position in shares of Universal Insurance during the first quarter worth about $58,000. Captrust Financial Advisors grew its holdings in shares of Universal Insurance by 1,340.5% during the first quarter. Captrust Financial Advisors now owns 9,464 shares of the insurance provider’s stock worth $128,000 after buying an additional 8,807 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Universal Insurance during the second quarter worth about $148,000. 66.85% of the stock is currently owned by institutional investors.

Insider Activity at Universal Insurance

In related news, Director Francis Xavier Mccahill III purchased 3,000 shares of Universal Insurance stock in a transaction that occurred on Monday, October 31st. The stock was purchased at an average cost of $10.17 per share, with a total value of $30,510.00. Following the completion of the transaction, the director now owns 13,337 shares of the company’s stock, valued at approximately $135,637.29. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Jon Springer sold 16,861 shares of the firm’s stock in a transaction that occurred on Wednesday, December 7th. The stock was sold at an average price of $11.34, for a total value of $191,203.74. Following the completion of the sale, the director now directly owns 523,672 shares of the company’s stock, valued at $5,938,440.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Francis Xavier Mccahill III acquired 3,000 shares of the business’s stock in a transaction dated Monday, October 31st. The stock was acquired at an average cost of $10.17 per share, with a total value of $30,510.00. Following the completion of the transaction, the director now owns 13,337 shares of the company’s stock, valued at $135,637.29. The disclosure for this purchase can be found here. Insiders own 16.10% of the company’s stock.

Analysts Set New Price Targets

UVE has been the subject of a number of research reports. StockNews.com upgraded Universal Insurance from a “hold” rating to a “buy” rating in a report on Thursday, January 5th. TheStreet downgraded Universal Insurance from a “c-” rating to a “d+” rating in a report on Thursday, October 27th. Finally, Piper Sandler increased their price objective on Universal Insurance from $10.00 to $11.00 in a report on Tuesday.

Universal Insurance Stock Performance

Shares of NYSE UVE opened at $11.05 on Wednesday. The stock has a 50 day moving average price of $10.54 and a 200 day moving average price of $11.12. Universal Insurance Holdings, Inc. has a 52 week low of $8.39 and a 52 week high of $19.64. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a market capitalization of $337.17 million, a PE ratio of -3.56 and a beta of 0.96.

Universal Insurance (NYSE:UVEGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The insurance provider reported ($2.27) EPS for the quarter, beating the consensus estimate of ($2.51) by $0.24. Universal Insurance had a negative return on equity of 22.70% and a negative net margin of 8.06%. The firm had revenue of $312.81 million during the quarter, compared to analysts’ expectations of $307.12 million. Analysts predict that Universal Insurance Holdings, Inc. will post -1.4 earnings per share for the current fiscal year.

Universal Insurance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 16th. Investors of record on Friday, December 9th were given a dividend of $0.16 per share. The ex-dividend date was Thursday, December 8th. This represents a $0.64 annualized dividend and a yield of 5.79%. Universal Insurance’s dividend payout ratio (DPR) is presently -20.65%.

Universal Insurance Profile

(Get Rating)

Universal Insurance Holdings, Inc, together with its subsidiaries, operates as an integrated insurance holding company in the United States. The company 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.

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

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