Highland Capital Management LLC held its stake in Universal Insurance Holdings Inc. (NYSE:UVE) during the third quarter, Holdings Channel reports. The firm owned 57,000 shares of the company’s stock at the end of the third quarter. Highland Capital Management LLC owned 0.16% of Universal Insurance Holdings worth $1,436,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Universal Insurance Holdings by 24.6% in the second quarter. BlackRock Inc. now owns 6,275 shares of the company’s stock valued at $116,000 after buying an additional 1,240 shares during the period. Mason Street Advisors LLC acquired a new stake in Universal Insurance Holdings during the second quarter valued at $117,000. BNP Paribas Arbitrage SA raised its stake in Universal Insurance Holdings by 96.3% in the second quarter. BNP Paribas Arbitrage SA now owns 11,191 shares of the company’s stock valued at $208,000 after buying an additional 5,491 shares during the period. Fox Run Management L.L.C. acquired a new stake in Universal Insurance Holdings during the second quarter valued at $245,000. Finally, Louisiana State Employees Retirement System raised its stake in Universal Insurance Holdings by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 14,300 shares of the company’s stock valued at $266,000 after buying an additional 200 shares during the period. 70.15% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Universal Insurance Holdings Inc. (NYSE:UVE) remained flat at $24.65 during mid-day trading on Tuesday. 235,972 shares of the stock traded hands. The firm has a 50 day moving average price of $22.30 and a 200 day moving average price of $21.51. Universal Insurance Holdings Inc. has a 52-week low of $15.86 and a 52-week high of $25.71. The firm has a market cap of $863.76 million, a PE ratio of 7.63 and a beta of 1.81.

The business also recently disclosed a dividend, which will be paid on Monday, December 12th. Investors of record on Thursday, December 1st will be paid a dividend of $0.27 per share. This is a positive change from Universal Insurance Holdings’s previous dividend of $0.12. The ex-dividend date is Tuesday, November 29th. Universal Insurance Holdings’s payout ratio is presently 17.39%.

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About Universal Insurance Holdings

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 writes personal residential homeowners insurance policies, predominantly in Florida.

5 Day Chart for NYSE:UVE

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