Arizona State Retirement System Acquires 2,961 Shares of Universal Insurance Holdings, Inc. (UVE)

Arizona State Retirement System boosted its holdings in Universal Insurance Holdings, Inc. (NYSE:UVE) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,501 shares of the insurance provider’s stock after buying an additional 2,961 shares during the period. Arizona State Retirement System owned approximately 0.14% of Universal Insurance worth $1,877,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in UVE. Northern Trust Corp lifted its holdings in shares of Universal Insurance by 14.1% during the second quarter. Northern Trust Corp now owns 443,889 shares of the insurance provider’s stock valued at $15,580,000 after purchasing an additional 55,015 shares during the last quarter. United Services Automobile Association raised its position in Universal Insurance by 4.6% during the second quarter. United Services Automobile Association now owns 33,256 shares of the insurance provider’s stock valued at $1,167,000 after buying an additional 1,469 shares during the period. Nisa Investment Advisors LLC raised its position in Universal Insurance by 407.7% during the third quarter. Nisa Investment Advisors LLC now owns 50,774 shares of the insurance provider’s stock valued at $2,465,000 after buying an additional 40,774 shares during the period. First Trust Advisors LP raised its position in Universal Insurance by 38.9% during the third quarter. First Trust Advisors LP now owns 65,054 shares of the insurance provider’s stock valued at $3,158,000 after buying an additional 18,218 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in Universal Insurance by 76.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 83,571 shares of the insurance provider’s stock valued at $3,427,000 after buying an additional 36,135 shares during the period. Institutional investors and hedge funds own 75.44% of the company’s stock.

NYSE:UVE opened at $38.31 on Friday. The firm has a market cap of $1.35 billion, a P/E ratio of 8.52 and a beta of 1.32. Universal Insurance Holdings, Inc. has a 1-year low of $28.25 and a 1-year high of $50.50. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.02.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 25th. Investors of record on Monday, March 11th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, March 8th.

In related news, CAO Kimberly D. Campos sold 4,610 shares of the company’s stock in a transaction on Thursday, December 13th. The stock was sold at an average price of $40.79, for a total transaction of $188,041.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jon Springer sold 7,000 shares of the company’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $38.30, for a total value of $268,100.00. Following the transaction, the insider now directly owns 478,136 shares in the company, valued at $18,312,608.80. The disclosure for this sale can be found here. Insiders have sold 45,610 shares of company stock worth $1,875,012 over the last three months. 10.60% of the stock is owned by insiders.

Separately, ValuEngine lowered Universal Insurance from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st.

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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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