Universal Insurance Price Performance
Universal Insurance stock opened at $12.62 on Friday. The company has a debt ratio of 0.28, a quick ratio of 0.38 and a current ratio of 0.56. The stock has a market capitalization of $387.64 million, a price-to-earnings ratio of -126.20 and a beta of 0.97. The stock’s 50-day moving average is $12.45 and its 200-day average is $13.13. Universal Insurance has a 52-week low of $11.27 and a 52-week high of $19.64.
Insiders Place Their Bets
In related news, Director Sean P. Downes sold 20,000 shares of the company’s stock in a transaction on Friday, June 24th. The stock was sold at an average price of $12.93, for a total transaction of $258,600.00. Following the completion of the sale, the director now owns 1,401,539 shares in the company, valued at $18,121,899.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at this link. Company insiders own 17.00% of the company’s stock.
Hedge Funds Are Heavy on Universal Insurance
Institutional investors have recently changed the way they work. Invesco Ltd. grew its holdings in Universal Insurance by 139.8% in the fourth quarter. Invesco Ltd. now owns 910,126 shares of the insurance company’s stock valued at $15,473,000 after buying an additional 530,611 shares in the last quarter. State Street Corp grew its stake in shares of Universal Insurance by 22.4% in the first quarter. State Street Corp now owns 1,201,489 shares of the insurance company’s stock valued at $16,208,000 after buying an additional 219,723 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Universal Insurance in the 4th quarter worth approximately $3,431,000. Dimensional Fund Advisors LP grew its holdings in Universal Insurance by 9.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,726,844 shares of the insurance company’s stock valued at $23,295,000 after purchasing an additional 142,189 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in Universal Insurance in the 1st quarter worth $1,874,000. 65.84% of the stock is owned by investors.
Profile of Universal Insurance Company
Universal Insurance Holdings, Inc., together with its subsidiaries, operates as an integrated insurance company in the United States. The company manufactures, sells, and underwrites residential insurance products, such as homeowners, renters/tenants, homeowners, and home/fire; and they offer joint lines, covering certain buildings, and personal property, loans, and personal records.
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