GSA Capital Partners LLP Purchases 48,864 Shares of Universal Insurance Holdings, Inc. (NYSE:UVE)

GSA Capital Partners LLP grew its holdings in shares of Universal Insurance Holdings, Inc. (NYSE:UVE) by 108.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 93,851 shares of the insurance provider’s stock after purchasing an additional 48,864 shares during the quarter. GSA Capital Partners LLP’s holdings in Universal Insurance were worth $2,080,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in UVE. CWM LLC grew its position in Universal Insurance by 40.1% during the third quarter. CWM LLC now owns 2,524 shares of the insurance provider’s stock valued at $56,000 after buying an additional 723 shares during the period. Quarry LP grew its position in shares of Universal Insurance by 424.4% during the 2nd 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 grew its position in shares of 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 acquiring an additional 1,328 shares during the period. SG Americas Securities LLC increased its stake in shares of Universal Insurance by 17.4% in the 2nd quarter. SG Americas Securities LLC now owns 12,374 shares of the insurance provider’s stock worth $232,000 after purchasing an additional 1,833 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Universal Insurance by 11.0% in the 2nd quarter. Principal Financial Group Inc. now owns 24,963 shares of the insurance provider’s stock worth $468,000 after purchasing an additional 2,479 shares during the period. Institutional investors own 66.61% of the company’s stock.

Insider Transactions at Universal Insurance

In related news, Chairman Sean P. Downes sold 20,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $22.47, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Jon Springer sold 35,173 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $20.53, for a total value of $722,101.69. Following the sale, the director now directly owns 473,899 shares in the company, valued at approximately $9,729,146.47. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Sean P. Downes sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $22.47, for a total value of $449,400.00. Following the transaction, the chairman now owns 1,082,262 shares of the company’s stock, valued at $24,318,427.14. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,173 shares of company stock valued at $1,575,702. 17.50% of the stock is currently owned by corporate insiders.

Universal Insurance Stock Performance

UVE opened at $22.39 on Wednesday. The firm has a market cap of $633.41 million, a P/E ratio of 9.10 and a beta of 0.90. Universal Insurance Holdings, Inc. has a 1-year low of $15.63 and a 1-year high of $23.27. The company has a 50 day simple moving average of $20.62 and a two-hundred day simple moving average of $19.90. 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) last issued its quarterly earnings results on Thursday, October 24th. The insurance provider reported ($0.73) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.03) by $0.30. Universal Insurance had a return on equity of 15.43% and a net margin of 4.82%. The business had revenue of $387.55 million during the quarter, compared to analyst estimates of $341.98 million. During the same quarter in the prior year, the business posted ($0.16) EPS. Equities analysts forecast that Universal Insurance Holdings, Inc. will post 1.66 earnings per share for the current fiscal year.

Universal Insurance Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Friday, December 6th. Universal Insurance’s dividend payout ratio (DPR) is currently 26.02%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Universal Insurance from a “hold” rating to a “buy” rating in a research report on Sunday.

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.