Geode Capital Management LLC Has $12.54 Million Stock Position in Universal Insurance Holdings, Inc. (NYSE:UVE)

Geode Capital Management LLC lowered its stake in shares of Universal Insurance Holdings, Inc. (NYSE:UVE - Free Report) by 13.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 595,377 shares of the insurance provider's stock after selling 94,390 shares during the period. Geode Capital Management LLC owned approximately 2.10% of Universal Insurance worth $12,541,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. CWA Asset Management Group LLC raised its holdings in shares of Universal Insurance by 100.0% in the 4th quarter. CWA Asset Management Group LLC now owns 570,615 shares of the insurance provider's stock worth $12,017,000 after buying an additional 285,338 shares in the last quarter. Barclays PLC raised its stake in Universal Insurance by 69.5% during the third quarter. Barclays PLC now owns 68,969 shares of the insurance provider's stock worth $1,528,000 after acquiring an additional 28,278 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Universal Insurance by 2,142.1% during the third quarter. Jane Street Group LLC now owns 59,774 shares of the insurance provider's stock valued at $1,325,000 after acquiring an additional 57,108 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Universal Insurance by 128,888.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 58,045 shares of the insurance provider's stock valued at $1,222,000 after purchasing an additional 58,000 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Universal Insurance by 10.4% in the 4th quarter. American Century Companies Inc. now owns 608,889 shares of the insurance provider's stock worth $12,823,000 after purchasing an additional 57,424 shares during the last quarter. Institutional investors own 66.61% of the company's stock.

Insider Transactions at Universal Insurance

In other Universal Insurance news, Chairman Sean P. Downes sold 20,000 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $22.08, for a total transaction of $441,600.00. Following the completion of the sale, the chairman now directly owns 990,200 shares of the company's stock, valued at approximately $21,863,616. The trade was a 1.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 17.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Universal Insurance from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 26th.

Universal Insurance Price Performance

Shares of UVE traded up $0.23 on Friday, hitting $23.62. The company's stock had a trading volume of 340,187 shares, compared to its average volume of 177,573. The company has a market capitalization of $663.63 million, a PE ratio of 9.60 and a beta of 0.76. Universal Insurance Holdings, Inc. has a fifty-two week low of $16.50 and a fifty-two week high of $25.64. The company has a 50 day moving average price of $22.09 and a 200 day moving average price of $21.11. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.51 and a quick ratio of 0.51.

Universal Insurance (NYSE:UVE - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The insurance provider reported $1.44 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.32. Universal Insurance had a return on equity of 15.43% and a net margin of 4.82%. The company had revenue of $394.87 million for the quarter, compared to analyst estimates of $354.97 million. On average, research analysts anticipate that Universal Insurance Holdings, Inc. will post 1.66 earnings per share for the current fiscal year.

Universal Insurance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 9th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Friday, May 9th. Universal Insurance's dividend payout ratio is presently 32.16%.

Universal Insurance 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.