Counterpoint Mutual Funds LLC Has $400,000 Holdings in Universal Insurance Holdings, Inc. (NYSE:UVE)

Counterpoint Mutual Funds LLC increased its stake in shares of Universal Insurance Holdings, Inc. (NYSE:UVE) by 60.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,990 shares of the insurance provider’s stock after purchasing an additional 7,180 shares during the period. Counterpoint Mutual Funds LLC owned approximately 0.07% of Universal Insurance worth $400,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. CWA Asset Management Group LLC grew its stake in Universal Insurance by 100.0% in the fourth quarter. CWA Asset Management Group LLC now owns 570,615 shares of the insurance provider’s stock valued at $12,017,000 after acquiring an additional 285,338 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Universal Insurance by 22.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 347,395 shares of the insurance provider’s stock valued at $7,698,000 after acquiring an additional 63,582 shares during the period. BNP Paribas Financial Markets grew its stake in Universal Insurance by 80.5% in the third quarter. BNP Paribas Financial Markets now owns 132,939 shares of the insurance provider’s stock valued at $2,946,000 after acquiring an additional 59,290 shares during the period. Nisa Investment Advisors LLC grew its stake in Universal Insurance by 128,888.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 58,045 shares of the insurance provider’s stock valued at $1,222,000 after acquiring an additional 58,000 shares during the period. Finally, Jane Street Group LLC grew its stake in Universal Insurance by 2,142.1% in the third quarter. Jane Street Group LLC now owns 59,774 shares of the insurance provider’s stock valued at $1,325,000 after acquiring an additional 57,108 shares during the period. 66.61% of the stock is owned by institutional investors and hedge funds.

Universal Insurance Stock Up 0.3 %

UVE stock opened at $21.86 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market capitalization of $614.04 million, a P/E ratio of 8.88 and a beta of 0.84. The business has a 50-day moving average of $20.28 and a 200-day moving average of $20.79. Universal Insurance Holdings, Inc. has a fifty-two week low of $16.50 and a fifty-two week high of $23.39.

Universal Insurance (NYSE:UVE) last posted its quarterly earnings data on Tuesday, February 25th. The insurance provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.16. The company had revenue of $384.81 million during the quarter, compared to analysts’ expectations of $349.91 million. Universal Insurance had a return on equity of 15.43% and a net margin of 4.82%. On average, sell-side analysts anticipate that Universal Insurance Holdings, Inc. will post 1.66 earnings per share for the current fiscal year.

Universal Insurance Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 7th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.93%. The ex-dividend date was Friday, March 7th. This is a positive change from Universal Insurance’s previous quarterly dividend of $0.13. Universal Insurance’s dividend payout ratio is presently 32.16%.

Analyst Ratings Changes

Separately, StockNews.com cut Universal Insurance from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.

Insider Buying and Selling

In related news, Chairman Sean P. Downes sold 20,000 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $22.08, for a total transaction of $441,600.00. Following the sale, the chairman now owns 990,200 shares in the company, valued at approximately $21,863,616. This represents a 1.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jon Springer sold 25,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $20.63, for a total value of $515,750.00. Following the sale, the director now owns 383,228 shares in the company, valued at $7,905,993.64. The trade was a 6.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 115,000 shares of company stock worth $2,424,450. Corporate insiders own 17.50% of the company’s stock.

Universal Insurance Profile

Universal Insurance Holdings, Inc, together with its subsidiaries, operates as an integrated insurance holding company in the United States. It develops, markets, and underwrites insurance products for personal residential insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire; and offers allied lines, coverage for other structures, and personal property, liability, and personal articles coverages.