The OppenheimerFunds Inc. Boosts Stake in Universal Insurance Holdings Inc (UVE)

The OppenheimerFunds Inc. Boosts Stake in Universal Insurance Holdings Inc (UVE)

Other hedge funds and other institutional investors have also made changes to their positions in the company. James Investment Research Inc. purchased a new position in shares of Universal Insurance Holdings during the first quarter worth $1,724,000. Teachers Advisors LLC raised its position in shares of Universal Insurance Holdings by 12.2% in the fourth quarter. Teachers Advisors LLC now owns 549,077 shares of the insurance provider’s stock worth $15,594,000 after buying an additional 59,862 shares in the last quarter. Stifel Financial Corp raised its position in shares of Universal Insurance Holdings by 320.9% in the first quarter. Stifel Financial Corp now owns 70,661 shares of the insurance provider’s stock worth $1,732,000 after buying an additional 53,871 shares in the last quarter. State Street Corp raised its position in shares of Universal Insurance Holdings by 7.5% in the fourth quarter. State Street Corp now owns 720,363 shares of the insurance provider’s stock worth $20,458,000 after buying an additional 50,354 shares in the last quarter. Finally, Oxford Asset Management purchased a new position in shares of Universal Insurance Holdings during the first quarter worth $1,175,000. 76.95% of the stock is currently owned by institutional investors.

OppenheimerFunds Inc. increased its position in Universal Insurance Holdings Inc (NYSE:UVE) by 31.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,891 shares of the insurance provider’s stock after buying an additional 4,972 shares during the period. OppenheimerFunds Inc. owned approximately 0.06% of Universal Insurance Holdings worth $512,000 as of its most recent filing with the SEC.

Universal Insurance Holdings Inc (NYSE UVE) traded down 1.48% during midday trading on Wednesday, hitting $23.35. The company had a trading volume of 197,114 shares. The stock has a market cap of $818.93 million, a PE ratio of 7.94 and a beta of 1.83. Universal Insurance Holdings Inc has a 52-week low of $18.07 and a 52-week high of $29.20. The stock’s 50-day moving average price is $24.76 and its 200-day moving average price is $25.04.

Several analysts recently commented on the company. BidaskClub downgraded Universal Insurance Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. ValuEngine downgraded Universal Insurance Holdings from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 18th.

Universal Insurance Holdings Company 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).

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