American International Group Inc. Decreases Stake in Universal Co. (NYSE:UVV)

American International Group Inc. lowered its position in shares of Universal Co. (NYSE:UVV) by 1.1% in the first quarter, Holdings Channel reports. The firm owned 16,198 shares of the company’s stock after selling 185 shares during the period. American International Group Inc.’s holdings in Universal were worth $956,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Meeder Asset Management Inc. grew its holdings in shares of Universal by 400.0% during the 4th quarter. Meeder Asset Management Inc. now owns 980 shares of the company’s stock worth $48,000 after purchasing an additional 784 shares during the period. Vantage Consulting Group Inc acquired a new position in Universal during the 4th quarter worth approximately $65,000. Signaturefd LLC lifted its position in Universal by 1,522.2% during the 1st quarter. Signaturefd LLC now owns 3,001 shares of the company’s stock worth $177,000 after acquiring an additional 2,816 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Universal during the 1st quarter worth approximately $214,000. Finally, Creative Planning acquired a new position in Universal during the 1st quarter worth approximately $230,000. Institutional investors and hedge funds own 81.65% of the company’s stock.

Universal stock opened at $57.07 on Friday. The business’s 50 day moving average is $58.18. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 22.29 and a beta of 0.73. The company has a quick ratio of 1.87, a current ratio of 4.63 and a debt-to-equity ratio of 0.39. Universal Co. has a one year low of $38.82 and a one year high of $60.95.

Universal (NYSE:UVV) last released its quarterly earnings results on Wednesday, May 26th. The company reported $1.58 EPS for the quarter. The firm had revenue of $617.59 million for the quarter. Universal had a return on equity of 7.04% and a net margin of 3.18%.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 2nd. Shareholders of record on Monday, July 12th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 5.47%. This is a positive change from Universal’s previous quarterly dividend of $0.77. The ex-dividend date is Friday, July 9th.

In other Universal news, Director Robert C. Sledd sold 4,419 shares of the company’s stock in a transaction that occurred on Wednesday, June 2nd. The stock was sold at an average price of $58.56, for a total value of $258,776.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Preston Douglas Wigner sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 2nd. The shares were sold at an average price of $57.68, for a total value of $230,720.00. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Universal Company Profile

Universal Corporation supplies leaf tobacco products worldwide. The company operates through North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental, and Special Services segments. It is involved in procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.

Further Reading: Insider Trading

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Institutional Ownership by Quarter for Universal (NYSE:UVV)

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