Squarepoint Ops LLC Sells 7,487 Shares of Universal Insurance Holdings, Inc. (NYSE:UVE)

Squarepoint Ops LLC lowered its position in Universal Insurance Holdings, Inc. (NYSE:UVE) by 37.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,638 shares of the insurance provider’s stock after selling 7,487 shares during the period. Squarepoint Ops LLC’s holdings in Universal Insurance were worth $266,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new position in Universal Insurance during the 4th quarter valued at approximately $103,000. Quantbot Technologies LP increased its position 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 buying an additional 5,058 shares in the last quarter. Aquatic Capital Management LLC bought a new position in Universal Insurance during the 4th quarter valued at approximately $121,000. Lazard Asset Management LLC increased its position 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 buying an additional 2,083 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new position in Universal Insurance during the 4th quarter valued at approximately $240,000. Institutional investors own 66.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Universal Insurance from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 28th.

Insider Buying and Selling at Universal Insurance

In other Universal Insurance news, Director Jon Springer sold 26,393 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $25.61, for a total transaction of $675,924.73. Following the sale, the director now directly owns 331,835 shares in the company, valued at approximately $8,498,294.35. This trade represents a 7.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Sean P. Downes sold 20,000 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $26.34, for a total value of $526,800.00. Following the sale, the chairman now owns 951,667 shares in the company, valued at approximately $25,066,908.78. This represents a 2.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,393 shares of company stock worth $2,014,525. Insiders own 16.60% of the company’s stock.

Universal Insurance Stock Up 0.3%

UVE stock opened at $27.50 on Friday. Universal Insurance Holdings, Inc. has a twelve month low of $16.50 and a twelve month high of $28.49. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.25. The firm has a market cap of $774.02 million, a PE ratio of 11.18 and a beta of 0.87. The business has a 50 day moving average of $24.79 and a 200 day moving average of $22.29.

Universal Insurance (NYSE:UVE) last posted its quarterly earnings data on Thursday, April 24th. The insurance provider reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.32. Universal Insurance had a return on equity of 15.43% and a net margin of 4.82%. The company had revenue of $394.87 million during the quarter, compared to analyst estimates of $354.97 million. On average, research analysts forecast that Universal Insurance Holdings, Inc. will post 1.66 EPS for the current fiscal year.

Universal Insurance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.64 annualized dividend and a yield of 2.33%. Universal Insurance’s dividend payout ratio is 27.95%.

Universal Insurance Company Profile

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.