Universal Co. (NYSE:UVV) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its stake in Universal Co. (NYSE:UVV) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,757 shares of the company’s stock after selling 452 shares during the period. The Manufacturers Life Insurance Company’s holdings in Universal were worth $645,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Susquehanna Fundamental Investments LLC acquired a new stake in Universal in the fourth quarter valued at $1,622,000. Price T Rowe Associates Inc. MD raised its stake in Universal by 7.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,864 shares of the company’s stock valued at $1,200,000 after buying an additional 1,595 shares in the last quarter. MetLife Investment Management LLC raised its stake in Universal by 4.4% in the fourth quarter. MetLife Investment Management LLC now owns 14,691 shares of the company’s stock valued at $806,000 after buying an additional 621 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in Universal by 4.9% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 22,503 shares of the company’s stock valued at $1,233,000 after buying an additional 1,060 shares in the last quarter. Finally, Jump Financial LLC raised its stake in Universal by 29.2% in the fourth quarter. Jump Financial LLC now owns 10,696 shares of the company’s stock valued at $587,000 after buying an additional 2,419 shares in the last quarter. 81.00% of the stock is currently owned by institutional investors and hedge funds.

Universal Stock Up 2.1%

Universal stock opened at $56.41 on Friday. Universal Co. has a 1-year low of $45.19 and a 1-year high of $59.83. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.60 and a quick ratio of 0.96. The stock has a market cap of $1.39 billion, a PE ratio of 11.61 and a beta of 0.71. The stock’s fifty day moving average is $55.11 and its two-hundred day moving average is $54.22.

Universal (NYSE:UVV) last posted its earnings results on Monday, April 21st. The company reported $2.37 EPS for the quarter. Universal had a return on equity of 8.92% and a net margin of 4.31%. The business had revenue of $937.19 million for the quarter.

Universal Profile

Universal Corporation processes and supplies leaf tobacco and plant-based ingredients worldwide. The company operates through two segments, Tobacco Operations; and Ingredients Operations. It is involved in the procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.