Corebridge Financial Inc. Sells 249 Shares of Universal Corporation $UVV

Corebridge Financial Inc. decreased its holdings in shares of Universal Corporation (NYSE:UVV) by 1.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 12,573 shares of the company’s stock after selling 249 shares during the period. Corebridge Financial Inc. owned approximately 0.05% of Universal worth $705,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Universal by 38.6% during the 1st quarter. GAMMA Investing LLC now owns 1,149 shares of the company’s stock valued at $64,000 after acquiring an additional 320 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Universal during the 1st quarter valued at $202,000. Cetera Investment Advisers bought a new stake in shares of Universal during the 1st quarter valued at $233,000. Private Advisor Group LLC bought a new stake in shares of Universal during the 1st quarter valued at $281,000. Finally, Sigma Planning Corp raised its position in shares of Universal by 8.3% during the 1st quarter. Sigma Planning Corp now owns 5,654 shares of the company’s stock valued at $317,000 after acquiring an additional 435 shares during the last quarter. Institutional investors own 81.00% of the company’s stock.

Insiders Place Their Bets

In other Universal news, Director Robert C. Sledd sold 4,617 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $53.25, for a total transaction of $245,855.25. Following the completion of the transaction, the director owned 15,698 shares in the company, valued at approximately $835,918.50. This represents a 22.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lennart R. Freeman sold 2,800 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $52.89, for a total value of $148,092.00. Following the transaction, the director owned 19,669 shares of the company’s stock, valued at approximately $1,040,293.41. This trade represents a 12.46% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,417 shares of company stock worth $943,347. Corporate insiders own 1.90% of the company’s stock.

Universal Price Performance

UVV opened at $55.44 on Friday. The company has a quick ratio of 0.98, a current ratio of 2.49 and a debt-to-equity ratio of 0.41. Universal Corporation has a 12 month low of $49.40 and a 12 month high of $67.33. The company has a fifty day simple moving average of $55.34 and a 200 day simple moving average of $56.09. The stock has a market cap of $1.38 billion, a P/E ratio of 13.49, a P/E/G ratio of 6.24 and a beta of 0.75.

Universal (NYSE:UVV) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.38 EPS for the quarter. Universal had a net margin of 3.51% and a return on equity of 8.46%. The business had revenue of $593.76 million during the quarter.

Universal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Monday, October 13th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Friday, October 10th. Universal’s dividend payout ratio is 79.81%.

Analyst Ratings Changes

UVV has been the subject of several recent research reports. Wall Street Zen upgraded shares of Universal from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Zacks Research upgraded shares of Universal to a “hold” rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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.