UNIVERSAL INSURANCE HOLDINGS INC (UVE) Stake Raised by UBS Group AG

UBS Group AG raised its stake in shares of UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE) by 21.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,438 shares of the insurance provider’s stock after buying an additional 4,261 shares during the period. UBS Group AG owned approximately 0.07% of UNIVERSAL INSURANCE HOLDINGS INC worth $599,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. LS Investment Advisors LLC increased its stake in shares of UNIVERSAL INSURANCE HOLDINGS INC by 332.6% in the first quarter. LS Investment Advisors LLC now owns 5,105 shares of the insurance provider’s stock worth $125,000 after buying an additional 3,925 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of UNIVERSAL INSURANCE HOLDINGS INC by 7.8% in the first quarter. Envestnet Asset Management Inc. now owns 5,159 shares of the insurance provider’s stock worth $126,000 after buying an additional 372 shares during the last quarter. Mason Street Advisors LLC increased its stake in shares of UNIVERSAL INSURANCE HOLDINGS INC by 7.4% in the first quarter. Mason Street Advisors LLC now owns 7,649 shares of the insurance provider’s stock worth $187,000 after buying an additional 527 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of UNIVERSAL INSURANCE HOLDINGS INC by 3.8% in the first quarter. Neuberger Berman Group LLC now owns 10,375 shares of the insurance provider’s stock worth $254,000 after buying an additional 375 shares during the last quarter. Finally, Menta Capital LLC purchased a new stake in shares of UNIVERSAL INSURANCE HOLDINGS INC during the first quarter worth about $257,000. Institutional investors and hedge funds own 77.33% of the company’s stock.

Shares of UNIVERSAL INSURANCE HOLDINGS INC (UVE) opened at 22.65 on Friday. UNIVERSAL INSURANCE HOLDINGS INC has a 1-year low of $18.07 and a 1-year high of $29.20. The firm has a market capitalization of $789.26 million, a P/E ratio of 8.02 and a beta of 1.82. The stock has a 50 day moving average of $24.37 and a 200-day moving average of $24.88.

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A number of equities research analysts have issued reports on UVE shares. ValuEngine downgraded shares of UNIVERSAL INSURANCE HOLDINGS INC from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 18th. BidaskClub downgraded shares of UNIVERSAL INSURANCE HOLDINGS INC from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th.

UNIVERSAL INSURANCE HOLDINGS INC Company Profile

Universal Insurance Holdings, Inc (UVE) is a private personal residential homeowners insurance company in Florida. The Company performs substantially all aspects of insurance underwriting, policy issuance, general administration, and claims processing and settlement internally. The Company’s subsidiaries include Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC).

Institutional Ownership by Quarter for UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE)

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