Universal Insurance (NYSE:UVE) Stock Price Crosses Below Two Hundred Day Moving Average of $12.49

Universal Insurance Holdings, Inc. (NYSE:UVEGet Rating) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.49 and traded as low as $11.56. Universal Insurance shares last traded at $11.61, with a volume of 99,272 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Universal Insurance from a “hold” rating to a “buy” rating in a research note on Saturday, August 6th.

Universal Insurance Trading Down 9.6 %

The firm has a 50 day simple moving average of $12.11 and a two-hundred day simple moving average of $12.49. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.28.

Universal Insurance (NYSE:UVEGet Rating) last released its earnings results on Wednesday, July 27th. The insurance provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.09. Universal Insurance had a positive return on equity of 1.60% and a negative net margin of 0.26%. The firm had revenue of $292.01 million for the quarter, compared to analyst estimates of $296.81 million. Research analysts anticipate that Universal Insurance Holdings, Inc. will post 1.35 EPS for the current year.

Universal Insurance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 9th. Shareholders of record on Tuesday, August 2nd were issued a $0.16 dividend. The ex-dividend date of this dividend was Monday, August 1st. This represents a $0.64 annualized dividend and a dividend yield of 6.19%. Universal Insurance’s dividend payout ratio (DPR) is currently -640.00%.

Insiders Place Their Bets

In other Universal Insurance news, Director Sean P. Downes sold 20,000 shares of the stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $12.46, for a total value of $249,200.00. Following the completion of the sale, the director now directly owns 1,381,539 shares in the company, valued at $17,213,975.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Sean P. Downes sold 20,000 shares of the stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $12.46, for a total transaction of $249,200.00. Following the completion of the transaction, the director now directly owns 1,381,539 shares in the company, valued at $17,213,975.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Stephen Donaghy acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The shares were purchased at an average price of $11.55 per share, with a total value of $115,500.00. Following the completion of the acquisition, the chief executive officer now owns 660,887 shares of the company’s stock, valued at approximately $7,633,244.85. The disclosure for this purchase can be found here. Corporate insiders own 16.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors lifted its position in shares of Universal Insurance by 39.1% in the second quarter. Captrust Financial Advisors now owns 13,161 shares of the insurance provider’s stock valued at $171,000 after buying an additional 3,697 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Universal Insurance by 23.7% in the second quarter. Goldman Sachs Group Inc. now owns 53,737 shares of the insurance provider’s stock valued at $700,000 after buying an additional 10,309 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Universal Insurance in the second quarter valued at approximately $148,000. Thrivent Financial for Lutherans lifted its position in shares of Universal Insurance by 19.8% in the second quarter. Thrivent Financial for Lutherans now owns 27,363 shares of the insurance provider’s stock valued at $357,000 after buying an additional 4,527 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Universal Insurance by 108.4% in the second quarter. AQR Capital Management LLC now owns 177,717 shares of the insurance provider’s stock valued at $2,316,000 after buying an additional 92,453 shares during the last quarter. 66.64% of the stock is currently owned by institutional investors.

About Universal Insurance

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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 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.

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