Counterpoint Mutual Funds LLC Shares $97,000 in Universal Insurance Holdings, Inc. (NYSE:UVE)

Counterpoint Mutual Funds LLC bought a new stake in Universal Insurance Holdings, Inc. (NYSE:UVEGet the Badge) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,880 shares of the insurance company’s stock, valued at approximately $97,000.

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Other hedge funds have also made changes to their positions in the company. Great West Life Assurance Co. Can raised its position in General Insurance by 3.8% in the first quarter. The Great West Life Assurance Co. can now own now owns 25,286 shares of the insurance company’s stock worth $350,000 after buying an additional 916 shares during the last quarter. Whittier Trust Co. bought a new stake in Universal Insurance in the second quarter valued at approximately $26,000. KBC Group NV bought a new stake in Universal Insurance in the second quarter worth approximately $26,000. Allspring Global Investments Holdings LLC lifted its position in General Insurance by 137.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,943 shares of the insurance company’s stock valued at $38,000 after buying an additional 2,282 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in Universal Insurance by 1.4% in the second quarter. Nordea Investment Management AB now owns 196,696 shares of the insurance company’s stock valued at $2,486,000 after buying an additional 2,682 shares during the last quarter. Funds and other institutional investors own 66.85% of the company’s shares.

General Insurance Operations

In other Universal Insurance news, Director Francis Xavier McCahill III acquired 3,000 shares of the company’s stock in a transaction on Monday, October 31st. The shares were traded at an average price of $10.17 per share, for a total transaction of $30,510.00. Following the sale, the Director directly owns 13,337 shares of the company’s stock, valued at $135,637.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this relationship. In other Universal Insurance news, Director Francis Xavier McCahill III acquired 3,000 shares of the company’s stock in a transaction on Monday, October 31st. The shares were traded at an average price of $10.17 per share, for a total transaction of $30,510.00. Following the sale, the Director directly owns 13,337 shares of the company’s stock, valued at $135,637.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this relationship. Also, Director Jon Springer sold 16,861 shares of Universal Insurance stock in a transaction that occurred on Wednesday, December 7th. The stock traded at an average price of $11.34, for a total price of $191,203.74. Following the sale, the CEO now owns 523,672 shares in the company, valued at $5,938,440.48. Information can be found for this purchase here. Insiders hold 16.10% of the company’s stock.

General Insurance Sales Performance

NYSE UVE opened at $12.12 on Friday. The company has a market capitalization of $369.82 million, a P/E ratio of -3.91 and a beta of 0.96. Universal Insurance Holdings, Inc. it has a 1-year low of $8.39 and a 1-year high of $18.59. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.69 and a momentum of 0.69. The business’s 50-day moving average is $10.78 and its 200-day moving average is $11.10.

General insurance (NYSE:UVEGet the Badge) last released its earnings data on Thursday, October 27th. The insurance company reported ($2.27) earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.24. The business had revenue of $312.81 million for the quarter, compared to analyst estimates of $307.12 million. Universal Insurance had a negative return on equity of 22.70% and a negative margin of 8.06%. Equities analysts predict that Universal Insurance Holdings, Inc. will post -1.4 EPS for this year.

Universal Insurance Announces TV

The business also recently announced a quarterly dividend, which was paid on Friday, December 16th. Stockholders of record on Friday, December 9th were issued a dividend of $0.16 per share. The distribution date of this dividend is Thursday, December 8th. The annual dividend is $0.64 and yields 5.28%. Universal Insurance’s current payout ratio is -20.65%.

Wall Street Analysts Forecast Growth

Some analysts have recently expressed interest in the company. StockNews.com cut Universal Insurance from a “buy” rating to a “hold” rating in a research report on Friday, January 13th. TheStreet lowered General Insurance from a “c-” rating to a “d+” rating in a research note on Thursday, October 27th. Finally, Piper Sandler upped their price target on Universal Insurance from $10.00 to $11.00 in a research note on Tuesday, January 10th.

General Insurance Information

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Universal Insurance Holdings, Inc, together with its subsidiaries, operates as an insurance company incorporated in the United States. The company develops, markets, and certifies insurance products for personal residential insurance, such as homeowners, renters/tenants, homeowners, and home/fire; and offers links, advertisements for other structures, and personal property, liabilities, and personal data.

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Corporate Governance by Quarterly for General Insurance (NYSE:UVE)

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