Schwab Charles Investment Management Inc. raised its position in shares of Universal Insurance Holdings Inc (NYSE:UVE) by 6.6% during the first quarter, Holdings Channel reports. The fund owned 190,810 shares of the insurance provider’s stock after buying an additional 11,805 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Universal Insurance Holdings were worth $4,675,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. BlackRock Inc. boosted 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 last quarter. LSV Asset Management boosted 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 last quarter. Teachers Advisors LLC boosted 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 last quarter. Bank of New York Mellon Corp boosted 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 last quarter. Finally, Geode Capital Management LLC boosted 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 last quarter. Institutional investors own 77.33% of the company’s stock.

Shares of Universal Insurance Holdings Inc (NYSE UVE) traded down 0.88% during mid-day trading on Friday, hitting $22.65. 363,349 shares of the company were exchanged. Universal Insurance Holdings Inc has a 52 week low of $18.07 and a 52 week high of $29.20. The company has a market capitalization of $789.26 million, a P/E ratio of 8.02 and a beta of 1.82. The company has a 50 day moving average of $24.37 and a 200 day moving average of $24.88.

ILLEGAL ACTIVITY NOTICE: This article was first reported by Daily Political and is the sole property of of Daily Political. If you are reading this article on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.dailypolitical.com/2017/08/13/schwab-charles-investment-management-inc-acquires-11805-shares-of-universal-insurance-holdings-inc-uve.html.

UVE has been the topic of a number of recent research reports. ValuEngine cut shares of Universal Insurance Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 18th. BidaskClub cut 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).

Want to see what other hedge funds are holding UVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Insurance Holdings Inc (NYSE:UVE).

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

Receive News & Ratings for Universal Insurance Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Insurance Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.