Universal Insurance Holdings, Inc. (NYSE:UVE) Shares Bought by Rockwood Wealth Management LLC

Rockwood Wealth Management LLC boosted its position in shares of Universal Insurance Holdings, Inc. (NYSE:UVE) by 48.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,373 shares of the insurance provider’s stock after buying an additional 5,337 shares during the period. Rockwood Wealth Management LLC owned 0.06% of Universal Insurance worth $337,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bank of Montreal Can lifted its stake in shares of Universal Insurance by 283.0% in the second quarter. Bank of Montreal Can now owns 374,487 shares of the insurance provider’s stock worth $7,040,000 after buying an additional 276,700 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Universal Insurance by 1.8% during the 2nd quarter. Marshall Wace LLP now owns 235,801 shares of the insurance provider’s stock worth $4,424,000 after purchasing an additional 4,140 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in shares of Universal Insurance by 22.9% in the second quarter. Cubist Systematic Strategies LLC now owns 71,159 shares of the insurance provider’s stock valued at $1,335,000 after purchasing an additional 13,264 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Universal Insurance in the second quarter valued at approximately $498,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Universal Insurance during the second quarter worth approximately $398,000. Institutional investors and hedge funds own 66.61% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Universal Insurance from a “hold” rating to a “buy” rating in a report on Sunday, November 10th.

Insider Activity at Universal Insurance

In related news, Director Jon Springer sold 25,000 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $20.63, for a total transaction of $515,750.00. Following the completion of the transaction, the director now directly owns 383,228 shares of the company’s stock, valued at $7,905,993.64. The trade was a 6.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Sean P. Downes sold 50,000 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $20.51, for a total value of $1,025,500.00. Following the completion of the sale, the chairman now directly owns 985,320 shares in the company, valued at $20,208,913.20. This represents a 4.83 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 110,064 shares of company stock worth $2,283,787. Insiders own 17.50% of the company’s stock.

Universal Insurance Trading Up 1.0 %

Shares of Universal Insurance stock opened at $19.50 on Friday. Universal Insurance Holdings, Inc. has a fifty-two week low of $15.78 and a fifty-two week high of $23.39. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market capitalization of $551.66 million, a price-to-earnings ratio of 7.93 and a beta of 0.93. The stock has a 50 day moving average of $20.98 and a 200 day moving average of $20.56.

Universal Insurance (NYSE:UVE) last issued its quarterly earnings data on Thursday, October 24th. The insurance provider reported ($0.73) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.03) by $0.30. Universal Insurance had a return on equity of 15.43% and a net margin of 4.82%. The firm had revenue of $387.55 million during the quarter, compared to the consensus estimate of $341.98 million. During the same period last year, the company earned ($0.16) EPS. As a group, research analysts predict that Universal Insurance Holdings, Inc. will post 1.66 earnings per share for the current year.

Universal Insurance Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 6th were given a dividend of $0.13 per share. The ex-dividend date was Friday, December 6th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.67%. Universal Insurance’s payout ratio is currently 26.02%.

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.