Sanctuary Advisors LLC Takes Position in Universal Insurance Holdings, Inc. (NYSE:UVE)

Sanctuary Advisors LLC purchased a new stake in shares of Universal Insurance Holdings, Inc. (NYSE:UVE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 29,000 shares of the insurance provider’s stock, valued at approximately $567,000. Sanctuary Advisors LLC owned approximately 0.10% of Universal Insurance at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Donald Smith & CO. Inc. lifted its position in Universal Insurance by 2.1% in the 1st quarter. Donald Smith & CO. Inc. now owns 1,737,233 shares of the insurance provider’s stock worth $35,301,000 after buying an additional 35,045 shares in the last quarter. Vanguard Group Inc. boosted its position in Universal Insurance by 2.8% during the first quarter. Vanguard Group Inc. now owns 1,544,506 shares of the insurance provider’s stock valued at $31,384,000 after purchasing an additional 41,425 shares during the last quarter. American Century Companies Inc. grew its stake in Universal Insurance by 44.5% in the second quarter. American Century Companies Inc. now owns 469,803 shares of the insurance provider’s stock valued at $8,814,000 after purchasing an additional 144,647 shares in the last quarter. Bank of Montreal Can increased its position in Universal Insurance by 283.0% in the 2nd quarter. Bank of Montreal Can now owns 374,487 shares of the insurance provider’s stock worth $7,040,000 after purchasing an additional 276,700 shares during the last quarter. Finally, LSV Asset Management raised its stake in shares of Universal Insurance by 6.8% during the 1st quarter. LSV Asset Management now owns 313,902 shares of the insurance provider’s stock worth $6,378,000 after purchasing an additional 19,900 shares in the last quarter. 66.61% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Jon Springer sold 35,173 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $20.53, for a total value of $722,101.69. Following the sale, the director now directly owns 473,899 shares of the company’s stock, valued at approximately $9,729,146.47. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Jon Springer sold 35,173 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $20.53, for a total value of $722,101.69. Following the sale, the director now owns 473,899 shares in the company, valued at approximately $9,729,146.47. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Sean P. Downes sold 20,000 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $22.47, for a total transaction of $449,400.00. Following the completion of the sale, the chairman now directly owns 1,082,262 shares of the company’s stock, valued at approximately $24,318,427.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 75,173 shares of company stock valued at $1,571,502. Company insiders own 17.50% of the company’s stock.

Universal Insurance Trading Up 2.6 %

Universal Insurance stock opened at $19.68 on Wednesday. Universal Insurance Holdings, Inc. has a one year low of $13.56 and a one year high of $23.27. The company’s fifty day moving average price is $20.61 and its two-hundred day moving average price is $19.77. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.54 and a quick ratio of 0.54. The company has a market capitalization of $560.49 million, a price-to-earnings ratio of 6.95 and a beta of 0.89.

Universal Insurance (NYSE:UVE) last issued its quarterly earnings data on Thursday, July 25th. The insurance provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.03. The business had revenue of $380.21 million for the quarter, compared to the consensus estimate of $340.09 million. Universal Insurance had a return on equity of 21.14% and a net margin of 5.60%. During the same period last year, the business earned $0.87 EPS. On average, analysts forecast that Universal Insurance Holdings, Inc. will post 2.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Universal Insurance from a “strong-buy” rating to a “buy” rating in a report on Monday, August 5th.

Universal Insurance 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.