Universal Insurance Holdings, Inc. (NYSE:UVE) Position Increased by CWA Asset Management Group LLC

CWA Asset Management Group LLC increased its holdings in Universal Insurance Holdings, Inc. (NYSE:UVE - Free Report) by 100.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 570,615 shares of the insurance provider's stock after buying an additional 285,338 shares during the period. CWA Asset Management Group LLC owned about 2.02% of Universal Insurance worth $12,017,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of UVE. 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 period. Covestor Ltd boosted its position in Universal Insurance by 240.1% during 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 grew its stake in Universal Insurance by 40.1% during the 3rd quarter. CWM LLC now owns 2,524 shares of the insurance provider's stock worth $56,000 after buying an additional 723 shares during the last quarter. Aigen Investment Management LP acquired a new stake in Universal Insurance in the third quarter worth $202,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Universal Insurance in the third quarter worth $206,000. Institutional investors own 66.61% of the company's stock.

Analyst Ratings Changes

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

Universal Insurance Stock Performance

UVE stock traded down $0.30 on Monday, reaching $19.68. The company's stock had a trading volume of 162,048 shares, compared to its average volume of 121,483. Universal Insurance Holdings, Inc. has a 52 week low of $15.78 and a 52 week high of $23.39. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market capitalization of $556.67 million, a P/E ratio of 8.00 and a beta of 0.93. The firm has a fifty day moving average of $21.47 and a two-hundred day moving average of $20.47.

Universal Insurance (NYSE:UVE - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The insurance provider reported ($0.73) EPS for the quarter, beating analysts' consensus estimates of ($1.03) by $0.30. The company had revenue of $387.55 million for the quarter, compared to analyst estimates 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 last year, the company earned ($0.16) earnings per share. As a group, analysts predict that Universal Insurance Holdings, Inc. will post 1.66 EPS for the current fiscal year.

Universal Insurance Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 6th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Friday, December 6th. Universal Insurance's dividend payout ratio is currently 26.02%.

Insider Activity

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 value of $515,750.00. Following the sale, the director now directly owns 383,228 shares in the company, valued at approximately $7,905,993.64. The trade was a 6.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Sean P. Downes sold 15,064 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $22.46, for a total transaction of $338,337.44. Following the completion of the sale, the chairman now directly owns 1,047,198 shares of the company's stock, valued at $23,520,067.08. The trade was a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,064 shares of company stock worth $2,283,787 over the last three months. Corporate insiders own 17.50% of the company's stock.

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.