Gillson Capital LP lifted its holdings in shares of Universal Insurance Holdings, Inc. (NYSE:UVE) by 86.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,169 shares of the insurance provider’s stock after acquiring an additional 42,334 shares during the period. Gillson Capital LP owned approximately 0.26% of Universal Insurance worth $2,493,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in shares of Universal Insurance during the 3rd quarter valued at approximately $100,000. Koch Industries Inc. bought a new stake in Universal Insurance during the 4th quarter worth approximately $227,000. Aperio Group LLC bought a new stake in Universal Insurance during the 4th quarter worth approximately $261,000. Unison Advisors LLC bought a new stake in Universal Insurance during the 4th quarter worth approximately $269,000. Finally, Nisa Investment Advisors LLC increased its holdings in Universal Insurance by 94.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,320 shares of the insurance provider’s stock worth $282,000 after acquiring an additional 5,000 shares during the period. 74.34% of the stock is owned by institutional investors.
Shares of Universal Insurance Holdings, Inc. (UVE) traded down $0.45 on Wednesday, reaching $32.30. 223,927 shares of the company’s stock traded hands, compared to its average volume of 289,091. Universal Insurance Holdings, Inc. has a fifty-two week low of $15.07 and a fifty-two week high of $33.20. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1,141.77, a PE ratio of 10.87 and a beta of 1.85.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Wednesday, February 28th were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.56 dividend on an annualized basis and a yield of 1.73%. Universal Insurance’s dividend payout ratio (DPR) is currently 18.73%.
A number of equities analysts have recently commented on UVE shares. ValuEngine raised shares of Universal Insurance from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Keefe, Bruyette & Woods set a $32.00 target price on shares of Universal Insurance and gave the company a “buy” rating in a report on Monday, January 15th.
In other Universal Insurance news, Director Scott P. Callahan sold 2,600 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $30.53, for a total transaction of $79,378.00. Following the completion of the sale, the director now directly owns 8,536 shares in the company, valued at approximately $260,604.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 10.50% of the company’s stock.
WARNING: “Gillson Capital LP Boosts Position in Universal Insurance Holdings, Inc. (UVE)” was first reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.thelincolnianonline.com/2018/03/14/universal-insurance-holdings-inc-uve-shares-bought-by-gillson-capital-lp.html.
Universal Insurance Profile
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).
Receive News & Ratings for Universal Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Insurance and related companies with MarketBeat.com's FREE daily email newsletter.