Universal Insurance Holdings Inc (NYSE:UVE) Stake Reduced by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC lowered its stake in shares of Universal Insurance Holdings Inc (NYSE:UVE) by 4.2% during the first quarter, according to its most recent filing with the SEC. 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. LSV Asset Management raised its stake in shares of Universal Insurance Holdings by 2.4% in the first quarter. LSV Asset Management now owns 1,593,928 shares of the insurance provider’s stock valued at $39,051,000 after buying an additional 37,808 shares in the last quarter. State Street Corp raised its stake in shares of Universal Insurance Holdings by 7.5% in the fourth quarter. State Street Corp now owns 720,363 shares of the insurance provider’s stock valued at $20,458,000 after buying an additional 50,354 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Universal Insurance Holdings by 9.1% in the first 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. Teachers Advisors LLC raised its stake in shares of Universal Insurance Holdings by 12.2% in the fourth quarter. Teachers Advisors LLC now owns 549,077 shares of the insurance provider’s stock valued at $15,594,000 after buying an additional 59,862 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Universal Insurance Holdings by 8.7% in the first quarter. Wells Fargo & Company MN now owns 345,375 shares of the insurance provider’s stock valued at $8,461,000 after buying an additional 27,707 shares in the last quarter. Institutional investors own 77.27% of the company’s stock.

Universal Insurance Holdings Inc (NYSE:UVE) traded up 2.20% during trading on Friday, reaching $23.20. The company had a trading volume of 139,072 shares. Universal Insurance Holdings Inc has a 52 week low of $18.07 and a 52 week high of $29.20. The firm has a market capitalization of $808.43 million, a price-to-earnings ratio of 8.22 and a beta of 1.82. The company’s 50-day moving average is $24.00 and its 200 day moving average is $24.74.

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A number of brokerages recently commented on UVE. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $29.00 price objective on shares of Universal Insurance Holdings in a report on Friday. BidaskClub downgraded Universal Insurance Holdings from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, ValuEngine downgraded Universal Insurance Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 18th.

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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