SG Americas Securities LLC Cuts Stake in Universal Insurance Holdings, Inc. (NYSE:UVE)

SG Americas Securities LLC decreased its stake in Universal Insurance Holdings, Inc. (NYSE:UVE) by 23.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,807 shares of the insurance provider’s stock after selling 4,657 shares during the period. SG Americas Securities LLC owned approximately 0.05% of Universal Insurance worth $312,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its holdings in Universal Insurance by 128,888.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 58,045 shares of the insurance provider’s stock valued at $1,222,000 after purchasing an additional 58,000 shares in the last quarter. CWA Asset Management Group LLC lifted its holdings 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 buying an additional 285,338 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Universal Insurance by 35.7% during the third quarter. JPMorgan Chase & Co. now owns 147,249 shares of the insurance provider’s stock valued at $3,263,000 after acquiring an additional 38,767 shares in the last quarter. Barclays PLC increased its position in shares of Universal Insurance by 69.5% during the third quarter. Barclays PLC now owns 68,969 shares of the insurance provider’s stock worth $1,528,000 after acquiring an additional 28,278 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake 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 acquiring an additional 49,123 shares in the last quarter. Hedge funds and other institutional investors own 66.61% of the company’s stock.

Universal Insurance Trading Up 0.8 %

Universal Insurance stock opened at $19.61 on Wednesday. Universal Insurance Holdings, Inc. has a 12-month low of $15.78 and a 12-month high of $23.39. 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 $554.82 million, a PE ratio of 7.97 and a beta of 0.91. The firm has a 50 day simple moving average of $20.56 and a 200-day simple moving average of $20.59.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director Jon Springer sold 25,000 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $20.63, for a total value of $515,750.00. Following the completion of the transaction, the director now owns 383,228 shares in the company, valued at $7,905,993.64. This trade represents a 6.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Sean P. Downes sold 50,000 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $20.51, for a total transaction of $1,025,500.00. Following the sale, the chairman now directly owns 985,320 shares of the company’s stock, valued at $20,208,913.20. This represents a 4.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,064 shares of company stock worth $1,879,587. 17.50% of the stock is owned by corporate insiders.

Universal Insurance Company 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.