Donald Smith & Co. Discloses Passive Stake in Universal Insurance Holdings
Ticker: UVE · Form: SC 13G · Filed: Feb 5, 2024 · CIK: 891166
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**Donald Smith & Co. just revealed a big passive stake in Universal Insurance Holdings.**
AI Summary
Donald Smith & Co., Inc., an investment firm, filed an SC 13G on February 5, 2024, disclosing its ownership in Universal Insurance Holdings, Inc. (NYSE: UVE) as of December 31, 2023. This filing indicates that Donald Smith & Co. holds a significant passive stake in the insurance company. This matters to investors because a large institutional investor taking a position can signal confidence in the company's future, potentially influencing other investors and the stock price.
Why It Matters
This filing reveals a major institutional investor's position, which can be seen as a vote of confidence in Universal Insurance Holdings' prospects.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of a passive investment, indicating no immediate change in company control or strategy.
Analyst Insight
A smart investor would note Donald Smith & Co.'s passive stake as a potential positive signal and research Universal Insurance Holdings' fundamentals to understand the rationale behind this investment.
Key Players & Entities
- Donald Smith & Co., Inc. (company) — the reporting person and investment firm
- Universal Insurance Holdings, Inc. (company) — the subject company in which shares are held
- December 31, 2023 (date) — the date of the event requiring the filing
- February 5, 2024 (date) — the filing date of the SC 13G
Forward-Looking Statements
- Donald Smith & Co. will maintain its passive stake in Universal Insurance Holdings for the foreseeable future. (Donald Smith & Co., Inc.) — high confidence, target: 2025-02-05
- The disclosure of this institutional ownership may lead to increased investor interest in Universal Insurance Holdings. (Universal Insurance Holdings, Inc.) — medium confidence, target: 2024-05-05
FAQ
Who filed this SC 13G statement?
The SC 13G statement was filed by Donald Smith & Co., Inc., an investment firm with IRS Identification No. 13-2807845.
What is the subject company of this filing?
The subject company is Universal Insurance Holdings, Inc., identified by CIK 0000891166 and CUSIP Number 91359V107.
What type of securities are covered by this filing?
The filing covers 'Common' class of securities of Universal Insurance Holdings, Inc.
When was the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 5, 2024 regarding UNIVERSAL INSURANCE HOLDINGS, INC. (UVE).