Universal Insurance Holdings, Inc. (NYSE:UVE) Shares Sold by Dimensional Fund Advisors LP

August 11th, 20176:32 am @

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Dimensional Fund Advisors LP cut its stake in shares of Universal Insurance Holdings, Inc. (NYSE:UVE) by 0.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,618,878 shares of the insurance provider’s stock after selling 3,035 shares during the period. Dimensional Fund Advisors LP owned approximately 4.62% of Universal Insurance Holdings worth $39,662,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its position in shares of Universal Insurance Holdings by 10.3% in the first quarter. Russell Investments Group Ltd. now owns 49,888 shares of the insurance provider’s stock valued at $1,221,000 after buying an additional 4,661 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Universal Insurance Holdings during the first quarter valued at $270,000. James Investment Research Inc. purchased a new position in shares of Universal Insurance Holdings during the first quarter valued at $1,724,000. Hartford Investment Management Co. increased its position in shares of Universal Insurance Holdings by 9.9% in the first quarter. Hartford Investment Management Co. now owns 12,250 shares of the insurance provider’s stock valued at $300,000 after buying an additional 1,100 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in shares of Universal Insurance Holdings by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 13,300 shares of the insurance provider’s stock valued at $326,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 77.33% of the company’s stock.

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Universal Insurance Holdings, Inc. (NYSE:UVE) opened at 22.85 on Friday. The company has a market capitalization of $796.23 million, a P/E ratio of 8.09 and a beta of 1.82. The firm’s 50-day moving average is $24.44 and its 200-day moving average is $24.91. Universal Insurance Holdings, Inc. has a 1-year low of $18.07 and a 1-year high of $29.20.

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Several brokerages have recently weighed in on UVE. ValuEngine downgraded shares of Universal Insurance Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 18th. BidaskClub downgraded shares of Universal Insurance Holdings from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st.

Universal Insurance Holdings 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).




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Article source: https://weekherald.com/2017/08/11/universal-insurance-holdings-inc-nyseuve-stake-lowered-by-dimensional-fund-advisors-lp-updated-updated.html