California Public Employees Retirement System raised its stake in Universal American Co. (NYSE:UAM) by 1.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 268,200 shares of the financial services provider’s stock after buying an additional 3,400 shares during the period. California Public Employees Retirement System’s holdings in Universal American were worth $2,674,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. First Manhattan Co. increased its stake in shares of Universal American by 573.1% in the first quarter. First Manhattan Co. now owns 13,462 shares of the financial services provider’s stock valued at $102,000 after buying an additional 11,462 shares in the last quarter. KBC Group NV purchased a new stake in Universal American during the first quarter worth $408,000. Wells Fargo & Company MN increased its stake in Universal American by 23.3% in the first quarter. Wells Fargo & Company MN now owns 42,679 shares of the financial services provider’s stock worth $425,000 after buying an additional 8,057 shares during the period. Parametric Portfolio Associates LLC increased its stake in Universal American by 0.8% in the first quarter. Parametric Portfolio Associates LLC now owns 99,045 shares of the financial services provider’s stock worth $987,000 after buying an additional 738 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Universal American during the first quarter worth $1,261,000. 85.70% of the stock is owned by hedge funds and other institutional investors.
Universal American Co. (NYSE:UAM) remained flat at $9.97 during midday trading on Friday. The stock had a trading volume of 136,320 shares. Universal American Co. has a 52-week low of $6.72 and a 52-week high of $10.13. The company’s 50 day moving average price is $9.97 and its 200-day moving average price is $9.96.
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About Universal American
Universal American Corp. provides an array of health insurance and managed care products and services to people covered by Medicare. The Company’s segments include Medicare Advantage, Management Services Organization (MSO), and Corporate & Other. The Medicare Advantage segment contains the operations of its initiatives in managed care for seniors.
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