American International Group Inc. grew its holdings in shares of Universal Corporation (NYSE:UVV) by 5.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,664 shares of the company’s stock after buying an additional 1,067 shares during the period. American International Group Inc. owned 0.08% of Universal worth $1,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in UVV. Great West Life Assurance Co. Can lifted its holdings in Universal by 2.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 36,461 shares of the company’s stock worth $2,359,000 after buying an additional 750 shares during the last quarter. Sei Investments Co. increased its position in shares of Universal by 122.2% during the second quarter. Sei Investments Co. now owns 11,841 shares of the company’s stock worth $766,000 after purchasing an additional 6,513 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Universal by 9.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 245,758 shares of the company’s stock worth $15,901,000 after purchasing an additional 20,760 shares in the last quarter. Rhumbline Advisers increased its position in shares of Universal by 3.4% during the second quarter. Rhumbline Advisers now owns 46,776 shares of the company’s stock worth $3,026,000 after purchasing an additional 1,539 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Universal by 107.7% during the second quarter. SG Americas Securities LLC now owns 6,608 shares of the company’s stock worth $428,000 after purchasing an additional 3,427 shares in the last quarter. 86.56% of the stock is owned by institutional investors.

Shares of Universal Corporation (NYSE:UVV) opened at $53.30 on Monday. The company has a current ratio of 5.60, a quick ratio of 2.18 and a debt-to-equity ratio of 0.28. Universal Corporation has a 52-week low of $52.05 and a 52-week high of $83.35. The company has a market capitalization of $1,338.58, a PE ratio of 12.22 and a beta of 1.38.

Universal (NYSE:UVV) last posted its earnings results on Tuesday, November 7th. The company reported $1.02 EPS for the quarter. Universal had a return on equity of 14.16% and a net margin of 5.56%. The business had revenue of $488.25 million for the quarter.

Universal announced that its board has approved a share buyback program on Tuesday, November 7th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Stockholders of record on Monday, January 8th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, January 5th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.13%. This is a boost from Universal’s previous quarterly dividend of $0.54. Universal’s payout ratio is 150.00%.

In other news, Director John B. Adams, Jr. sold 848 shares of Universal stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $52.50, for a total transaction of $44,520.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert C. Sledd sold 1,755 shares of Universal stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $55.26, for a total value of $96,981.30. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

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About Universal

Universal Corporation is a leaf tobacco supplier. The Company is engaged in procuring, financing, processing, packing, storing and shipping leaf tobacco for sale to manufacturers of consumer tobacco products. The Company’s segments include North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental and Special Services.

Institutional Ownership by Quarter for Universal (NYSE:UVV)

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