The Manufacturers Life Insurance Company Has $36.37 Million Stock Holdings in Univest Corporation of Pennsylvania $UVSP

Key Points

• The Manufacturers Life Insurance Company increased its stake in Univest Corporation of Pennsylvania by 6.5% in the first quarter, owning 4.44% of the company valued at approximately $36.37 million.
• Univest Corporation reported $0.69 EPS for the last quarter, exceeding estimates, with a revenue of $81.04 million.
• The company recently announced a quarterly dividend of $0.22, giving it an annualized dividend yield of 2.8%.

The Manufacturers Life Insurance Company lifted its stake in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 6.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,282,311 shares of the financial services provider's stock after acquiring an additional 77,781 shares during the period. The Manufacturers Life Insurance Company owned 4.44% of Univest Corporation of Pennsylvania worth $36,366,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Apexium Financial LP lifted its position in shares of Univest Corporation of Pennsylvania by 3.4% during the 1st quarter. Apexium Financial LP now owns 15,352 shares of the financial services provider's stock valued at $435,000 after acquiring an additional 500 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Univest Corporation of Pennsylvania by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,468 shares of the financial services provider's stock valued at $486,000 after acquiring an additional 614 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Univest Corporation of Pennsylvania by 161.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,003 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 619 shares during the period. Everhart Financial Group Inc. lifted its position in shares of Univest Corporation of Pennsylvania by 2.9% during the 1st quarter. Everhart Financial Group Inc. now owns 28,449 shares of the financial services provider's stock valued at $807,000 after acquiring an additional 810 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Univest Corporation of Pennsylvania by 10.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,751 shares of the financial services provider's stock valued at $277,000 after acquiring an additional 903 shares during the period. Institutional investors and hedge funds own 75.07% of the company's stock.

Univest Corporation of Pennsylvania Stock Up 1.3%

Shares of Univest Corporation of Pennsylvania stock traded up $0.40 during trading on Thursday, reaching $31.92. 120,650 shares of the company traded hands, compared to its average volume of 111,478. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.02 and a quick ratio of 1.02. Univest Corporation of Pennsylvania has a 1-year low of $22.83 and a 1-year high of $32.86. The company has a 50 day moving average price of $30.69 and a 200-day moving average price of $29.61. The firm has a market capitalization of $919.62 million, a PE ratio of 11.65 and a beta of 0.77.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. Univest Corporation of Pennsylvania had a net margin of 15.71% and a return on equity of 8.92%. The firm had revenue of $81.04 million for the quarter, compared to the consensus estimate of $79.50 million. As a group, equities research analysts expect that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current fiscal year.

Univest Corporation of Pennsylvania Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th were issued a dividend of $0.22 per share. The ex-dividend date was Wednesday, August 6th. This represents a $0.88 annualized dividend and a yield of 2.8%. Univest Corporation of Pennsylvania's dividend payout ratio is presently 32.12%.

Insiders Place Their Bets

In other Univest Corporation of Pennsylvania news, Director Thomas M. Petro sold 9,000 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $31.75, for a total transaction of $285,750.00. Following the transaction, the director owned 50,193 shares in the company, valued at approximately $1,593,627.75. This represents a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.70% of the company's stock.

Univest Corporation of Pennsylvania Profile

Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co that provides banking products and services primarily in the United States. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment offers a range of banking services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking, and equipment lease financing services for individuals, businesses, municipalities, and nonprofit organizations.