Nisa Investment Advisors LLC Boosts Stock Holdings in Universal Insurance Holdings, Inc. (NYSE:UVE)

Nisa Investment Advisors LLC boosted its stake in Universal Insurance Holdings, Inc. (NYSE:UVE) by 128,888.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,045 shares of the insurance provider’s stock after purchasing an additional 58,000 shares during the quarter. Nisa Investment Advisors LLC owned about 0.21% of Universal Insurance worth $1,222,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in UVE. Geode Capital Management LLC lifted its position in shares of Universal Insurance by 7.7% in the third quarter. Geode Capital Management LLC now owns 689,767 shares of the insurance provider’s stock worth $15,289,000 after buying an additional 49,123 shares in the last quarter. CWA Asset Management Group LLC increased its stake in Universal Insurance by 100.0% in the 4th quarter. CWA Asset Management Group LLC now owns 570,615 shares of the insurance provider’s stock worth $12,017,000 after acquiring an additional 285,338 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Universal Insurance by 283.0% during the 2nd quarter. Bank of Montreal Can now owns 374,487 shares of the insurance provider’s stock worth $7,040,000 after acquiring an additional 276,700 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Universal Insurance by 22.4% during the 3rd 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 last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Universal Insurance by 1.8% in the second quarter. Marshall Wace LLP now owns 235,801 shares of the insurance provider’s stock valued at $4,424,000 after purchasing an additional 4,140 shares in the last quarter. Institutional investors own 66.61% of the company’s stock.

Insider Activity

In related news, Chairman Sean P. Downes sold 15,064 shares of Universal Insurance stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $22.46, for a total transaction of $338,337.44. Following the completion of the transaction, the chairman now directly owns 1,047,198 shares of the company’s stock, valued at approximately $23,520,067.08. The trade was a 1.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jon Springer sold 25,000 shares of the stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $20.63, for a total transaction of $515,750.00. Following the completion of the sale, the director now directly owns 383,228 shares in the company, valued at $7,905,993.64. This trade represents a 6.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,064 shares of company stock valued at $2,283,787. 17.50% of the stock is currently owned by insiders.

Universal Insurance Stock Up 1.9 %

Shares of NYSE:UVE opened at $19.87 on Tuesday. The company has a 50-day moving average price of $20.93 and a 200 day moving average price of $20.58. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25. Universal Insurance Holdings, Inc. has a 12 month low of $15.78 and a 12 month high of $23.39. The company has a market cap of $562.15 million, a price-to-earnings ratio of 8.08 and a beta of 0.93.

Universal Insurance Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 6th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend was Friday, December 6th. Universal Insurance’s dividend payout ratio (DPR) is 26.02%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Universal Insurance from a “buy” rating to a “strong-buy” rating in a research note on Monday.

About Universal Insurance

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.