Goldman Sachs Group Inc. raised its position in shares of Universal American Co. (NYSE:UAM) by 27.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,706 shares of the financial services provider’s stock after buying an additional 22,273 shares during the period. Goldman Sachs Group Inc.’s holdings in Universal American were worth $1,024,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Legal & General Group Plc raised its stake in Universal American by 0.4% in the first quarter. Legal & General Group Plc now owns 11,124 shares of the financial services provider’s stock worth $111,000 after buying an additional 43 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in Universal American by 1.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 30,024 shares of the financial services provider’s stock worth $299,000 after buying an additional 391 shares during the period. Bank of America Corp DE raised its stake in Universal American by 3.7% in the first quarter. Bank of America Corp DE now owns 17,566 shares of the financial services provider’s stock worth $175,000 after buying an additional 619 shares during the period. Parametric Portfolio Associates LLC raised its stake in Universal American by 0.8% in the first quarter. Parametric Portfolio Associates LLC now owns 99,045 shares of the financial services provider’s stock worth $987,000 after buying an additional 738 shares during the period. Finally, California Public Employees Retirement System raised its stake in Universal American by 1.3% in the first quarter. California Public Employees Retirement System now owns 268,200 shares of the financial services provider’s stock worth $2,674,000 after buying an additional 3,400 shares during the period. 85.70% of the stock is currently owned by hedge funds and other institutional investors.

Universal American Co. (NYSE UAM) remained flat at $9.97 during mid-day trading on Friday. 136,320 shares of the company were exchanged. The firm’s 50-day moving average is $9.97 and its 200 day moving average is $9.96. Universal American Co. has a 12-month low of $6.72 and a 12-month high of $10.13.

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Universal American Company Profile

Universal American Corp. provides an array of health insurance and managed care products and services to people covered by Medicare. The Company’s segments include Medicare Advantage, Management Services Organization (MSO), and Corporate & Other. The Medicare Advantage segment contains the operations of its initiatives in managed care for seniors.

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Institutional Ownership by Quarter for Universal American (NYSE:UAM)

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