Hancock Holding Co. increased its holdings in UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE) by 8.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 505,955 shares of the insurance provider’s stock after buying an additional 39,392 shares during the period. Hancock Holding Co. owned about 1.45% of UNIVERSAL INSURANCE HOLDINGS INC worth $12,750,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in UVE. Russell Investments Group Ltd. boosted its position in shares of UNIVERSAL INSURANCE HOLDINGS INC by 10.3% in the 1st quarter. Russell Investments Group Ltd. now owns 49,888 shares of the insurance provider’s stock worth $1,221,000 after buying an additional 4,661 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of UNIVERSAL INSURANCE HOLDINGS INC by 8.7% in the 1st 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. Great West Life Assurance Co. Can boosted its position in shares of UNIVERSAL INSURANCE HOLDINGS INC by 2.9% in the 1st 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. First Trust Advisors LP boosted its position in shares of UNIVERSAL INSURANCE HOLDINGS INC by 5.3% in the 1st 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. Finally, Bank of New York Mellon Corp boosted its position in shares of UNIVERSAL INSURANCE HOLDINGS INC by 9.1% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

In other news, CFO Frank Wilcox bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was acquired at an average price of $17.69 per share, with a total value of $35,380.00. Following the completion of the purchase, the chief financial officer now directly owns 96,024 shares of the company’s stock, valued at approximately $1,698,664.56. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 10.50% of the company’s stock.

Several equities research analysts recently commented on the stock. ValuEngine lowered shares of UNIVERSAL INSURANCE HOLDINGS INC from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 18th. BidaskClub lowered shares of UNIVERSAL INSURANCE HOLDINGS INC from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $29.00 price objective on shares of UNIVERSAL INSURANCE HOLDINGS INC in a research report on Friday, August 18th.

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Shares of UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE) traded up 2.59% on Monday, reaching $21.80. 21,719 shares of the company traded hands. UNIVERSAL INSURANCE HOLDINGS INC has a 52-week low of $15.08 and a 52-week high of $29.20. The company has a market capitalization of $759.64 million, a PE ratio of 7.72 and a beta of 1.84. The firm has a 50-day moving average of $21.93 and a 200-day moving average of $23.87.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, September 12th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, September 11th. This represents a $0.56 annualized dividend and a yield of 2.64%. UNIVERSAL INSURANCE HOLDINGS INC’s dividend payout ratio is currently 19.93%.

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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