Barclays PLC Has $1.53 Million Holdings in Universal Insurance Holdings, Inc. (NYSE:UVE)

Barclays PLC increased its stake in shares of Universal Insurance Holdings, Inc. (NYSE:UVE - Free Report) by 69.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,969 shares of the insurance provider's stock after buying an additional 28,278 shares during the quarter. Barclays PLC owned 0.24% of Universal Insurance worth $1,528,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Quarry LP boosted its stake in Universal Insurance by 424.4% in the second quarter. Quarry LP now owns 1,395 shares of the insurance provider's stock valued at $26,000 after acquiring an additional 1,129 shares during the last quarter. Covestor Ltd lifted its stake in shares of Universal Insurance by 240.1% in the 3rd quarter. Covestor Ltd now owns 1,881 shares of the insurance provider's stock valued at $42,000 after purchasing an additional 1,328 shares during the period. CWM LLC boosted its position in shares of Universal Insurance by 40.1% in the 3rd quarter. CWM LLC now owns 2,524 shares of the insurance provider's stock worth $56,000 after purchasing an additional 723 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Universal Insurance during the third quarter worth $202,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Universal Insurance during the 3rd quarter valued at about $206,000. Institutional investors and hedge funds own 66.61% of the company's stock.

Insider Transactions at Universal Insurance

In other Universal Insurance news, Director Jon Springer sold 25,000 shares of the business's stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $20.63, for a total transaction of $515,750.00. Following the sale, 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Sean P. Downes sold 20,000 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $20.21, for a total transaction of $404,200.00. Following the transaction, the chairman now owns 1,062,262 shares of the company's stock, valued at approximately $21,468,315.02. This represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,064 shares of company stock valued at $1,258,287 in the last ninety days. 17.50% of the stock is currently owned by corporate insiders.

Universal Insurance Stock Down 1.9 %

UVE traded down $0.39 during trading on Friday, hitting $20.62. The company had a trading volume of 131,500 shares, compared to its average volume of 184,020. The firm's 50-day moving average price is $21.36 and its 200 day moving average price is $20.38. The company has a market capitalization of $583.26 million, a PE ratio of 8.38 and a beta of 0.92. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.25. Universal Insurance Holdings, Inc. has a one year low of $15.78 and a one year high of $23.39.

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

Universal Insurance Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 6th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Friday, December 6th. Universal Insurance's dividend payout ratio (DPR) is currently 26.02%.

Analyst Ratings Changes

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

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.