Universal Insurance Holdings Inc (UVE) Position Reduced by Schroder Investment Management Group

Schroder Investment Management Group decreased its stake in Universal Insurance Holdings Inc (NYSE:UVE) by 4.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,379,567 shares of the insurance provider’s stock after selling 58,100 shares during the quarter. Schroder Investment Management Group owned approximately 3.96% of Universal Insurance Holdings worth $35,593,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Universal Insurance Holdings by 73,456.7% in the 1st quarter. BlackRock Inc. now owns 4,062,534 shares of the insurance provider’s stock valued at $99,533,000 after buying an additional 4,057,011 shares in the last quarter. LSV Asset Management boosted its stake in Universal Insurance Holdings by 4.3% in the 2nd quarter. LSV Asset Management now owns 1,662,159 shares of the insurance provider’s stock valued at $41,886,000 after buying an additional 68,231 shares in the last quarter. State Street Corp boosted its stake in Universal Insurance Holdings by 7.2% in the 1st quarter. State Street Corp now owns 772,406 shares of the insurance provider’s stock valued at $18,922,000 after buying an additional 52,043 shares in the last quarter. Teachers Advisors LLC boosted its stake in Universal Insurance Holdings by 5.4% in the 1st quarter. Teachers Advisors LLC now owns 578,696 shares of the insurance provider’s stock valued at $14,178,000 after buying an additional 29,619 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Universal Insurance Holdings by 9.1% in the 1st quarter. Bank of New York Mellon Corp now owns 562,226 shares of the insurance provider’s stock valued at $13,774,000 after buying an additional 46,733 shares in the last quarter. 73.35% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently commented on UVE shares. BidaskClub lowered Universal Insurance Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. ValuEngine lowered Universal Insurance Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 18th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $29.00 price objective on shares of Universal Insurance Holdings in a research note on Friday, August 18th.

Universal Insurance Holdings Inc (NYSE:UVE) opened at 17.85 on Monday. The firm has a market cap of $622.00 million, a price-to-earnings ratio of 6.32 and a beta of 1.84. Universal Insurance Holdings Inc has a 1-year low of $15.07 and a 1-year high of $29.20. The firm has a 50-day moving average price of $22.49 and a 200-day moving average price of $24.22.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Stockholders of record on Tuesday, September 12th will be paid a $0.14 dividend. The ex-dividend date is Monday, September 11th. This represents a $0.56 annualized dividend and a dividend yield of 3.14%. Universal Insurance Holdings’s payout ratio is 19.93%.

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About Universal Insurance Holdings

Universal Insurance Holdings, Inc (UVE) is a private personal residential homeowners insurance company in Florida. The Company performs substantially all aspects of insurance underwriting, policy issuance, general administration, and claims processing and settlement internally. The Company’s subsidiaries include Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC).

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

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