$0.14 dividends are now a reality for UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE) shareholders. Here’s why.

September 10, 2017 - By Louis Casey


Investors sentiment decreased to 1.31 in Q4 2016. Its down 0.16, from 1.47 in 2016Q3. It dived, as 11 investors sold Universal Insurance Holdings, Inc. shares while 50 reduced holdings. 27 funds opened positions while 53 raised stakes. 24.93 million shares or 2.81% more from 24.24 million shares in 2016Q3 were reported.
Arizona State Retirement System stated it has 0.01% in Universal Insurance Holdings, Inc. (NYSE:UVE). Ahl Prtnrs Ltd Liability Partnership reported 22,961 shares stake. Ameriprise Incorporated reported 487,850 shares or 0.01% of all its holdings. Neuberger Berman Group Inc Lc holds 10,000 shares. Hartford Investment Co reported 0.01% of its portfolio in Universal Insurance Holdings, Inc. (NYSE:UVE). Brandywine Global Inv Mgmt Limited Liability accumulated 158,497 shares or 0.03% of the stock. Goldman Sachs holds 81,967 shares or 0% of its portfolio. Moreover, Principal Financial Group has 0.01% invested in Universal Insurance Holdings, Inc. (NYSE:UVE) for 272,168 shares. Connor Clark And Lunn Investment Mngmt Limited invested in 52,700 shares. Morgan Stanley owns 322,886 shares for 0% of their portfolio. Shell Asset Management Co reported 50,511 shares stake. California-based California Public Employees Retirement Systems has invested 0% in Universal Insurance Holdings, Inc. (NYSE:UVE). Invesco accumulated 114,615 shares or 0% of the stock. 909,030 are held by Allianz Asset Mgmt Ag. Symphony Asset Management Lc has 14,654 shares.

UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE) is expected to pay $0.14 on Oct 24, 2017. The indicated annual dividend is $0.56. Shareholders owning the stock before Sep 11, 2017 will be eligible to receive the payout. Based on UNIVERSAL INSURANCE HOLDINGS INC’s current price of $17.85, the dividend is 0.78 %. This dividend’s record date is Sep 12, 2017 and the announcement date is Sep 1, 2017. The stock increased 8.18% or $1.35 on September 8, reaching $17.85. About 3.42M shares traded or 648.63% up from the average. Universal Insurance Holdings, Inc. (NYSE:UVE) has risen 29.83% since September 10, 2016 and is uptrending. It has outperformed by 13.13% the S&P500.

Universal Insurance Holdings, Inc. is a private personal residential homeowners insurance firm in Florida. The company has market cap of $622.01 million. The Firm performs substantially all aspects of insurance underwriting, policy issuance, general administration, and claims processing and settlement internally. It has a 6.35 P/E ratio. The Company’s subsidiaries include Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC).

More notable recent Universal Insurance Holdings, Inc. (NYSE:UVE) news were published by: Cnbc.com which released: “Hurricane Irma is already causing insurance stocks to plunge” on September 05, 2017, also Bloomberg.com with their article: “Small Insurer Gets Slammed After Making a Big Bet on Florida” published on September 06, 2017, Seekingalpha.com published: “A Dividend With Less Risk Than Assumed” on August 28, 2017. More interesting news about Universal Insurance Holdings, Inc. (NYSE:UVE) were released by: Seekingalpha.com and their article: “3 Reasons To Invest In Universal Holdings Inc.” published on September 07, 2017 as well as Fool.com‘s news article titled: “Universal Insurance Holdings braces for Hurricane Irma” with publication date: September 05, 2017.

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