29,000 Shares in Universal Insurance Holdings, Inc. (NYSE:UVE) Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new position in Universal Insurance Holdings, Inc. (NYSE:UVE - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 29,000 shares of the insurance provider's stock, valued at approximately $567,000. Sanctuary Advisors LLC owned 0.10% of Universal Insurance as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Donald Smith & CO. Inc. increased its stake in Universal Insurance by 2.1% in the 1st quarter. Donald Smith & CO. Inc. now owns 1,737,233 shares of the insurance provider's stock worth $35,301,000 after purchasing an additional 35,045 shares during the period. Vanguard Group Inc. boosted its position in shares of Universal Insurance by 2.8% during the first quarter. Vanguard Group Inc. now owns 1,544,506 shares of the insurance provider's stock valued at $31,384,000 after purchasing an additional 41,425 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Universal Insurance by 44.5% during the second quarter. American Century Companies Inc. now owns 469,803 shares of the insurance provider's stock valued at $8,814,000 after purchasing an additional 144,647 shares in the last quarter. Bank of Montreal Can boosted its holdings in Universal Insurance by 283.0% in the second quarter. Bank of Montreal Can now owns 374,487 shares of the insurance provider's stock worth $7,040,000 after acquiring an additional 276,700 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in Universal Insurance by 6.8% in the first quarter. LSV Asset Management now owns 313,902 shares of the insurance provider's stock worth $6,378,000 after acquiring an additional 19,900 shares in the last quarter. Institutional investors own 66.61% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Universal Insurance from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 5th.

Universal Insurance Price Performance

Shares of NYSE:UVE traded up $0.12 during trading on Wednesday, hitting $19.79. 172,097 shares of the company's stock were exchanged, compared to its average volume of 189,661. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.54 and a quick ratio of 0.54. Universal Insurance Holdings, Inc. has a 52-week low of $13.56 and a 52-week high of $23.27. The business's 50-day simple moving average is $20.64 and its 200 day simple moving average is $19.77. The company has a market cap of $563.62 million, a price-to-earnings ratio of 6.99 and a beta of 0.89.

Universal Insurance (NYSE:UVE - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The insurance provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.03. The business had revenue of $380.21 million during the quarter, compared to analysts' expectations of $340.09 million. Universal Insurance had a return on equity of 21.14% and a net margin of 5.60%. During the same quarter last year, the business posted $0.87 EPS. As a group, equities analysts predict that Universal Insurance Holdings, Inc. will post 2.3 EPS for the current year.

Insider Buying and Selling

In other Universal Insurance news, Director Jon Springer sold 35,173 shares of Universal Insurance stock in a transaction on Friday, August 16th. The stock was sold at an average price of $20.53, for a total transaction of $722,101.69. Following the completion of the sale, the director now directly owns 473,899 shares of the company's stock, valued at $9,729,146.47. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Jon Springer sold 35,173 shares of the business's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $20.53, for a total value of $722,101.69. Following the completion of the transaction, the director now directly owns 473,899 shares of the company's stock, valued at approximately $9,729,146.47. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Sean P. Downes sold 20,000 shares of the business's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $22.47, for a total value of $449,400.00. Following the completion of the transaction, the chairman now directly owns 1,082,262 shares of the company's stock, valued at approximately $24,318,427.14. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 75,173 shares of company stock valued at $1,571,502. Insiders own 17.50% of the company's stock.

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.