UNIVERSAL INSURANCE HOLDINGS IN (NYSE:UVE) Closed 9.0% Above Its 50 Day Moving Average


The stock last traded at $24.10 which is slightly above the 50 day moving average of $22.10 and a tad higher than the 200 day moving average of $23.68. The 50 day moving average went up by +9.06% and the 200 day average was up $0.42. 25K shares changed hands on Tuesday. Trading volume was down 93.09% under the stocks average daily volume.

Traders are feeling more bearish on shares of the company of late if you pay attention to the uptick in short interest. The firm saw a rise in short interest of 1.07% as of September 29, 2017 from the last reporting period. Short shares increased 55,578 over that timeframe. Days to cover increased 10.0 to 14.0 and the percentage of shorted shares was 0.15% on September 29.

Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Meeder Asset Management Inc had bought 205 shares growing its position 70.7%. The value of the investment in (UVE) increased from $7,000 to $11,000 increasing 57.1% quarter to quarter. Capital One, National Association trimmed its holdings by shedding 159 shares a decrease of 0.6% from 06/30/2017 to 09/30/2017. Capital One, National Association now controls 27,727 shares valued at $638,000. The total value of its holdings decreased 9.2%.

As of quarter end Shell Asset Management CO had disposed of a total of 1,100 shares trimming its stake by 2.3%. The value of the investment in UVE went from $1,190,000 to $1,060,000 a change of 10.9% since the last quarter. Bowling Portfolio Management LLC bolstered its investment by buying 25,976 shares an increase of 88.3%. Bowling Portfolio Management LLC controls 55,410 shares worth $1,274,000. The value of the position overall is up by 71.7%.

The company is trading unchanged by % percent from yesterday’s close. The company also recently announced a dividend which was paid on Tuesday October 24th, 2017. The dividend was $0.140 per share for the quarter or $0.56 on an annualized basis. This dividend represents a yield of $2.31 which is the dividend as a percentage of the current share price. The ex-dividend date was Monday the 11th of September 2017.

The company currently has a P/E ratio of 8.53 and the market cap is 839.79M. As of the last earnings report the EPS was $2.82 and is expected to be $2.71 for the current year with 34,846,000 shares outstanding. Next quarter’s EPS is expected be $0.81 with next year’s EPS projected to be $3.41.

Universal Insurance Holdings, Inc. (UVE), launched on November 13, 1990, 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 Business’s subsidiaries include Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC). UPCIC writes homeowners insurance policies in states, including Alabama, Delaware, Florida, Georgia, Hawaii, Indiana, Maryland, Massachusetts, Michigan, Minnesota, North Carolina, Pennsylvania, South Carolina and Virginia. UPCIC is also licensed to issue policies in New Hampshire, New Jersey, New York, and West Virginia. APPCIC writes homeowners and commercial residential insurance policies in Florida..