Universal Insurance Holdings Inc (NYSE:UVE) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

Separately, ValuEngine cut shares of Universal Insurance Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 18th.

Universal Insurance Holdings (NYSE UVE) traded down 0.106% on Tuesday, hitting $23.625. 196,201 shares of the company’s stock traded hands. The stock has a market cap of $828.58 million, a PE ratio of 8.030 and a beta of 1.84. Universal Insurance Holdings has a one year low of $18.07 and a one year high of $29.20. The stock has a 50-day moving average of $25.16 and a 200-day moving average of $25.33.

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A number of hedge funds have recently made changes to their positions in the stock. Gerstein Fisher boosted its stake in shares of Universal Insurance Holdings by 7.8% in the third quarter. Gerstein Fisher now owns 55,130 shares of the insurance provider’s stock valued at $1,629,000 after buying an additional 3,967 shares in the last quarter. Highland Capital Management LLC boosted its stake in shares of Universal Insurance Holdings by 3.6% in the fourth quarter. Highland Capital Management LLC now owns 57,000 shares of the insurance provider’s stock valued at $1,321,000 after buying an additional 2,000 shares in the last quarter. Russell Frank Co boosted its stake in shares of Universal Insurance Holdings by 2.7% in the fourth quarter. Russell Frank Co now owns 146,125 shares of the insurance provider’s stock valued at $3,523,000 after buying an additional 3,786 shares in the last quarter. Zweig DiMenna Associates LLC acquired a new stake in shares of Universal Insurance Holdings during the fourth quarter valued at about $1,449,000. Finally, Deere & Co. boosted its stake in shares of Universal Insurance Holdings by 24.1% in the fourth quarter. Deere & Co. now owns 76,906 shares of the insurance provider’s stock valued at $1,783,000 after buying an additional 14,948 shares in the last quarter. 76.93% of the stock is owned by institutional investors.

Universal Insurance Holdings Company Profile

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’s subsidiaries include Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC).

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