Parametric Portfolio Associates LLC Has $931,000 Position in Universal Insurance Holdings Inc (NYSE:UVE)

Parametric Portfolio Associates LLC decreased its position in shares of Universal Insurance Holdings Inc (NYSE:UVE) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,981 shares of the insurance provider’s stock after selling 1,657 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.11% of Universal Insurance Holdings worth $931,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its position in Universal Insurance Holdings by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 13,300 shares of the insurance provider’s stock valued at $326,000 after buying an additional 200 shares during the period. Envestnet Asset Management Inc. boosted its position in Universal Insurance Holdings by 13.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,787 shares of the insurance provider’s stock valued at $136,000 after buying an additional 550 shares during the period. Thrivent Financial for Lutherans boosted its position in Universal Insurance Holdings by 4.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 17,330 shares of the insurance provider’s stock valued at $492,000 after buying an additional 700 shares during the period. Hartford Investment Management Co. boosted its position in Universal Insurance Holdings by 9.9% in the first quarter. Hartford Investment Management Co. now owns 12,250 shares of the insurance provider’s stock valued at $300,000 after buying an additional 1,100 shares during the period. Finally, Great West Life Assurance Co. Can boosted its position in Universal Insurance Holdings by 2.9% in the first quarter. Great West Life Assurance Co. Can now owns 45,221 shares of the insurance provider’s stock valued at $1,106,000 after buying an additional 1,279 shares during the period. Hedge funds and other institutional investors own 77.33% of the company’s stock.

Shares of Universal Insurance Holdings Inc (NYSE:UVE) opened at 22.65 on Friday. The firm has a market capitalization of $789.26 million, a price-to-earnings ratio of 8.02 and a beta of 1.82. Universal Insurance Holdings Inc has a 1-year low of $18.07 and a 1-year high of $29.20. The company’s 50-day moving average is $24.37 and its 200 day moving average is $24.88.

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UVE has been the subject of several recent analyst reports. ValuEngine cut shares of Universal Insurance Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 18th. BidaskClub lowered shares of Universal Insurance Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th.

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).

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

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