Morgan Stanley cut its position in shares of UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE) by 23.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 245,663 shares of the insurance provider’s stock after selling 77,223 shares during the period. Morgan Stanley owned about 0.70% of UNIVERSAL INSURANCE HOLDINGS INC worth $6,019,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the stock. Bank of New York Mellon Corp boosted its position in shares of UNIVERSAL INSURANCE HOLDINGS INC by 9.1% in the first quarter. Bank of New York Mellon Corp now owns 562,226 shares of the insurance provider’s stock valued at $13,774,000 after buying an additional 46,733 shares during the last quarter. First Trust Advisors LP boosted its position in UNIVERSAL INSURANCE HOLDINGS INC by 5.3% in the first quarter. First Trust Advisors LP now owns 84,218 shares of the insurance provider’s stock worth $2,063,000 after buying an additional 4,240 shares in the last quarter. LSV Asset Management boosted its position in UNIVERSAL INSURANCE HOLDINGS INC 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 in the last quarter. Great West Life Assurance Co. Can boosted its position in UNIVERSAL INSURANCE HOLDINGS INC by 2.9% in the first quarter. Great West Life Assurance Co. Can now owns 45,221 shares of the insurance provider’s stock worth $1,106,000 after buying an additional 1,279 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in UNIVERSAL INSURANCE HOLDINGS INC by 8.7% in the first quarter. Wells Fargo & Company MN now owns 345,375 shares of the insurance provider’s stock worth $8,461,000 after buying an additional 27,707 shares in the last quarter. 76.95% of the stock is owned by hedge funds and other institutional investors.

UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE) traded down 0.82% during midday trading on Friday, hitting $24.20. 195,528 shares of the stock were exchanged. UNIVERSAL INSURANCE HOLDINGS INC has a 1-year low of $18.07 and a 1-year high of $29.20. The company’s 50 day moving average is $24.76 and its 200-day moving average is $25.04. The stock has a market cap of $842.64 million, a PE ratio of 8.57 and a beta of 1.82.

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Several brokerages have issued reports on UVE. ValuEngine cut shares of UNIVERSAL INSURANCE HOLDINGS INC from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 18th. BidaskClub cut shares of UNIVERSAL INSURANCE HOLDINGS INC from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st.

About UNIVERSAL INSURANCE HOLDINGS INC

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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