Universal Insurance Holdings Inc (NYSE:UVE)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $17.65 and last traded at $17.80, with a volume of 915,279 shares changing hands. The stock had previously closed at $21.55.

Several equities analysts have commented on the company. Keefe, Bruyette & Woods reissued a “buy” rating and set a $29.00 price objective on shares of Universal Insurance Holdings in a research report on Friday, August 18th. BidaskClub lowered Universal Insurance Holdings from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Finally, ValuEngine lowered Universal Insurance Holdings from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 18th.

The firm’s 50-day moving average is $22.87 and its 200 day moving average is $24.32. The company has a market capitalization of $649.88 million, a PE ratio of 6.60 and a beta of 1.84.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, September 12th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.00%. The ex-dividend date is Monday, September 11th. Universal Insurance Holdings’s dividend payout ratio is currently 19.93%.

A number of large investors have recently made changes to their positions in the stock. Mountain Capital Investment Advisors Inc acquired a new position in Universal Insurance Holdings during the 2nd quarter valued at about $125,000. State Street Corp increased its position in Universal Insurance Holdings by 4.6% during the 2nd quarter. State Street Corp now owns 807,769 shares of the insurance provider’s stock valued at $20,353,000 after buying an additional 35,363 shares in the last quarter. Royal Bank of Canada increased its position in Universal Insurance Holdings by 3.1% during the 2nd quarter. Royal Bank of Canada now owns 97,492 shares of the insurance provider’s stock valued at $2,457,000 after buying an additional 2,907 shares in the last quarter. HighTower Advisors LLC acquired a new position in Universal Insurance Holdings during the 2nd quarter valued at about $265,000. Finally, Numeric Investors LLC acquired a new position in Universal Insurance Holdings during the 2nd quarter valued at about $242,000. 73.35% of the stock is currently owned by institutional investors.

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About Universal Insurance Holdings

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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