Numerai GP LLC Sells 5,809 Shares of Universal Insurance Holdings, Inc. (NYSE:UVE)

Numerai GP LLC cut its stake in Universal Insurance Holdings, Inc. (NYSE:UVE) by 12.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,614 shares of the insurance provider’s stock after selling 5,809 shares during the period. Numerai GP LLC’s holdings in Universal Insurance were worth $834,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new stake in Universal Insurance in the fourth quarter valued at approximately $103,000. Quantbot Technologies LP lifted its stake in Universal Insurance by 45,981.8% in the fourth quarter. Quantbot Technologies LP now owns 5,069 shares of the insurance provider’s stock valued at $107,000 after buying an additional 5,058 shares during the period. Aquatic Capital Management LLC acquired a new position in Universal Insurance in the fourth quarter valued at approximately $121,000. Lazard Asset Management LLC lifted its stake in Universal Insurance by 56.7% in the fourth quarter. Lazard Asset Management LLC now owns 5,758 shares of the insurance provider’s stock valued at $121,000 after buying an additional 2,083 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in Universal Insurance in the fourth quarter valued at approximately $240,000. 66.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Universal Insurance from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 28th.

Insider Transactions at Universal Insurance

In other news, Chairman Sean P. Downes sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $22.08, for a total transaction of $441,600.00. Following the transaction, the chairman now directly owns 990,200 shares of the company’s stock, valued at $21,863,616. This represents a 1.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jon Springer sold 26,393 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $25.61, for a total value of $675,924.73. Following the transaction, the director now directly owns 331,835 shares in the company, valued at $8,498,294.35. The trade was a 7.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,393 shares of company stock valued at $1,559,125 over the last ninety days. 16.60% of the stock is owned by company insiders.

Universal Insurance Price Performance

Shares of UVE opened at $25.75 on Thursday. Universal Insurance Holdings, Inc. has a 52-week low of $16.50 and a 52-week high of $26.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.51 and a current ratio of 0.51. The business’s 50 day moving average price is $23.13 and its two-hundred day moving average price is $21.63. The firm has a market cap of $724.73 million, a PE ratio of 10.47 and a beta of 0.83.

Universal Insurance (NYSE:UVE) last issued its earnings results on Thursday, April 24th. The insurance provider reported $1.44 earnings per share 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, equities analysts anticipate that Universal Insurance Holdings, Inc. will post 1.66 EPS for the current year.

Universal Insurance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 9th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Friday, May 9th. Universal Insurance’s payout ratio is 27.95%.

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.