Universal Insurance Holdings Inc. (NYSE:UVE) shares rose 2.1% during mid-day trading on Wednesday . The stock traded as high as $20.08 and last traded at $20.03, with a volume of 292,770 shares traded. The stock had previously closed at $19.61.

The company has a market cap of $691.58 million and a price-to-earnings ratio of 6.54. The stock has a 50-day moving average of $18.83 and a 200 day moving average of $18.50.

Universal Insurance Holdings (NYSE:UVE) last released its earnings results on Monday, May 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.08. Analysts forecast that Universal Insurance Holdings Inc. will post $2.95 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 5th. Shareholders of record on Wednesday, June 15th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Monday, June 13th.

In other Universal Insurance Holdings news, CEO Sean P. Downes bought 3,895 shares of the firm’s stock in a transaction on Wednesday, May 25th. The shares were purchased at an average price of $19.25 per share, for a total transaction of $74,978.75. Following the completion of the transaction, the chief executive officer now directly owns 1,306,981 shares in the company, valued at approximately $25,159,384.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sean P. Downes bought 5,300 shares of the firm’s stock in a transaction on Monday, June 13th. The stock was acquired at an average price of $18.61 per share, for a total transaction of $98,633.00. Following the transaction, the chief executive officer now owns 1,312,281 shares of the company’s stock, valued at $24,421,549.41. The disclosure for this purchase can be found here.

Other hedge funds have recently made changes to their positions in the company. Schroder Investment Management Group raised its stake in shares of Universal Insurance Holdings by 88.4% in the fourth quarter. Schroder Investment Management Group now owns 1,032,800 shares of the company’s stock worth $23,940,000 after buying an additional 484,500 shares during the last quarter. Systematic Financial Management LP raised its stake in shares of Universal Insurance Holdings by 15.7% in the fourth quarter. Systematic Financial Management LP now owns 271,755 shares of the company’s stock worth $6,299,000 after buying an additional 36,925 shares during the last quarter. Russell Frank Co raised its stake in shares of Universal Insurance Holdings by 2.7% in the fourth quarter. Russell Frank Co now owns 146,125 shares of the company’s stock worth $3,523,000 after buying an additional 3,786 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Universal Insurance Holdings by 15.2% in the fourth quarter. California Public Employees Retirement System now owns 117,200 shares of the company’s stock worth $2,717,000 after buying an additional 15,500 shares during the last quarter. Finally, Deere & Co. raised its stake in shares of Universal Insurance Holdings by 24.1% in the fourth quarter. Deere & Co. now owns 76,906 shares of the company’s stock worth $1,783,000 after buying an additional 14,948 shares during the last quarter.

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 writes personal residential homeowners insurance policies, predominantly in Florida.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.