Universal Insurance Holdings Inc (UVE) Stake Raised by Bank of America Corp DE

Bank of America Corp DE boosted its position in Universal Insurance Holdings Inc (NYSE:UVE) by 95.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,757 shares of the insurance provider’s stock after buying an additional 25,262 shares during the period. Bank of America Corp DE owned 0.15% of Universal Insurance Holdings worth $1,268,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Universal Insurance Holdings by 73,456.7% in the first quarter. BlackRock Inc. now owns 4,062,534 shares of the insurance provider’s stock worth $99,533,000 after buying an additional 4,057,011 shares during the period. LSV Asset Management raised its stake in shares of Universal Insurance Holdings by 2.4% in the first quarter. LSV Asset Management now owns 1,593,928 shares of the insurance provider’s stock worth $39,051,000 after buying an additional 37,808 shares during the period. Teachers Advisors LLC raised its stake in shares of Universal Insurance Holdings by 5.4% in the first quarter. Teachers Advisors LLC now owns 578,696 shares of the insurance provider’s stock worth $14,178,000 after buying an additional 29,619 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Universal Insurance Holdings by 9.1% in the first quarter. Bank of New York Mellon Corp now owns 562,226 shares of the insurance provider’s stock worth $13,774,000 after buying an additional 46,733 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Universal Insurance Holdings by 7.1% in the first quarter. Geode Capital Management LLC now owns 480,997 shares of the insurance provider’s stock worth $11,784,000 after buying an additional 31,951 shares during the period. 77.27% of the stock is owned by hedge funds and other institutional investors.

Shares of Universal Insurance Holdings Inc (NYSE:UVE) traded up 1.652% on Friday, reaching $23.075. 40,633 shares of the company traded hands. The stock has a 50 day moving average of $24.07 and a 200 day moving average of $24.76. Universal Insurance Holdings Inc has a 52-week low of $18.07 and a 52-week high of $29.20. The stock has a market cap of $804.07 million, a price-to-earnings ratio of 8.171 and a beta of 1.82.

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Several equities research analysts recently issued reports on the stock. ValuEngine lowered shares of Universal Insurance Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 18th. BidaskClub lowered shares of Universal Insurance Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th.

About Universal Insurance Holdings

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).

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Institutional Ownership by Quarter for Universal Insurance Holdings (NYSE:UVE)

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