Tower Research Capital LLC TRC Invests $404,000 in Universal Insurance Holdings, Inc. (NYSE:UVE)

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Tower Research Capital LLC TRC purchased a new position in shares of Universal Insurance Holdings, Inc. (NYSE:UVE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 14,463 shares of the insurance provider’s stock, valued at approximately $404,000.

Several other hedge funds have also recently made changes to their positions in UVE. Dimensional Fund Advisors LP grew its stake in shares of Universal Insurance by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,723,186 shares of the insurance provider’s stock worth $65,344,000 after buying an additional 15,420 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Universal Insurance by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 433,392 shares of the insurance provider’s stock valued at $16,434,000 after purchasing an additional 5,333 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Universal Insurance by 50,569.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,587 shares of the insurance provider’s stock valued at $204,000 after purchasing an additional 6,574 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Universal Insurance by 52.8% in the 1st quarter. SG Americas Securities LLC now owns 17,940 shares of the insurance provider’s stock valued at $556,000 after purchasing an additional 6,202 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Universal Insurance by 2.2% in the 1st quarter. Rhumbline Advisers now owns 99,960 shares of the insurance provider’s stock valued at $3,099,000 after purchasing an additional 2,174 shares in the last quarter. Hedge funds and other institutional investors own 73.25% of the company’s stock.

Shares of NYSE UVE traded down $0.01 during trading hours on Thursday, hitting $28.48. 4,577 shares of the stock were exchanged, compared to its average volume of 287,896. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.02. The company has a market cap of $989.27 million, a PE ratio of 8.98 and a beta of 0.95. The firm has a fifty day moving average price of $26.92 and a 200-day moving average price of $28.71. Universal Insurance Holdings, Inc. has a 12 month low of $23.57 and a 12 month high of $50.50.

Universal Insurance (NYSE:UVE) last posted its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.05 EPS for the quarter. The firm had revenue of $233.72 million during the quarter. Universal Insurance had a net margin of 12.14% and a return on equity of 25.77%.

In related news, Director Sean P. Downes purchased 1,100 shares of the business’s stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $26.66 per share, for a total transaction of $29,326.00. Following the purchase, the director now owns 1,431,833 shares of the company’s stock, valued at approximately $38,172,667.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen Donaghy purchased 10,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were bought at an average price of $26.61 per share, for a total transaction of $266,100.00. Following the purchase, the chief executive officer now directly owns 511,983 shares in the company, valued at approximately $13,623,867.63. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 18,100 shares of company stock valued at $496,186. 11.30% of the stock is currently owned by company insiders.

Separately, TheStreet lowered shares of Universal Insurance from a “b-” rating to a “c” rating in a report on Thursday, August 15th.

About Universal Insurance

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

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Institutional Ownership by Quarter for Universal Insurance (NYSE:UVE)

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