OpenAI’s legal battle with Elon Musk reveals internal turmoil over avoiding AI ’dictatorship’None
Sanctuary Advisors LLC lowered its holdings in shares of Universal Insurance Holdings, Inc. ( NYSE:UVE – Free Report ) by 56.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,519 shares of the insurance provider’s stock after selling 16,481 shares during the quarter. Sanctuary Advisors LLC’s holdings in Universal Insurance were worth $286,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds and other institutional investors have also recently made changes to their positions in UVE. Barclays PLC grew its position in shares of Universal Insurance by 69.5% during the 3rd quarter. Barclays PLC now owns 68,969 shares of the insurance provider’s stock valued at $1,528,000 after acquiring an additional 28,278 shares during the period. Geode Capital Management LLC raised its holdings in Universal Insurance by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 689,767 shares of the insurance provider’s stock worth $15,289,000 after purchasing an additional 49,123 shares during the period. EP Wealth Advisors LLC purchased a new position in Universal Insurance during the third quarter valued at $241,000. Jane Street Group LLC grew its holdings in Universal Insurance by 2,142.1% during the third quarter. Jane Street Group LLC now owns 59,774 shares of the insurance provider’s stock valued at $1,325,000 after purchasing an additional 57,108 shares during the period. Finally, Quarry LP increased its position in Universal Insurance by 55.6% in the third quarter. Quarry LP now owns 2,171 shares of the insurance provider’s stock worth $48,000 after buying an additional 776 shares in the last quarter. Hedge funds and other institutional investors own 66.61% of the company’s stock. Analysts Set New Price Targets Separately, StockNews.com raised Universal Insurance from a “hold” rating to a “buy” rating in a research report on Sunday, November 10th. Universal Insurance Stock Performance Shares of NYSE UVE opened at $20.62 on Friday. The stock has a market cap of $583.26 million, a PE ratio of 8.38 and a beta of 0.92. Universal Insurance Holdings, Inc. has a 1 year low of $15.78 and a 1 year high of $23.39. The firm has a fifty day moving average price of $21.36 and a 200-day moving average price of $20.37. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.51 and a quick ratio of 0.51. Universal Insurance ( NYSE:UVE – Get Free Report ) last issued its quarterly earnings results on Thursday, October 24th. The insurance provider reported ($0.73) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.03) by $0.30. The business had revenue of $387.55 million during the quarter, compared to analyst estimates of $341.98 million. Universal Insurance had a return on equity of 15.43% and a net margin of 4.82%. During the same quarter in the prior year, the business posted ($0.16) EPS. Equities analysts anticipate that Universal Insurance Holdings, Inc. will post 1.66 earnings per share for the current fiscal year. Universal Insurance Cuts Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 6th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.52%. The ex-dividend date was Friday, December 6th. Universal Insurance’s dividend payout ratio (DPR) is presently 26.02%. Insider Activity at Universal Insurance In related news, Director Jon Springer sold 25,000 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $20.63, for a total transaction of $515,750.00. Following the completion of the transaction, the director now owns 383,228 shares in the company, valued at approximately $7,905,993.64. This represents a 6.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, Chairman Sean P. Downes sold 20,000 shares of Universal Insurance stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $20.21, for a total transaction of $404,200.00. Following the completion of the sale, the chairman now owns 1,062,262 shares in the company, valued at approximately $21,468,315.02. This represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last 90 days, insiders have sold 60,064 shares of company stock valued at $1,258,287. 17.50% of the stock is owned by company insiders. Universal Insurance Profile ( Free Report ) Universal Insurance Holdings, Inc, together with its subsidiaries, operates as an integrated insurance holding company in the United States. It develops, markets, and underwrites insurance products for personal residential insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire; and offers allied lines, coverage for other structures, and personal property, liability, and personal articles coverages. See Also Five stocks we like better than Universal Insurance What is Short Interest? How to Use It Buffett Takes the Bait; Berkshire Buys More Oxy in December Where Do I Find 52-Week Highs and Lows? Top 3 ETFs to Hedge Against Inflation in 2025 3 Stocks to Consider Buying in October These 3 Chip Stock Kings Are Still Buys for 2025 Want to see what other hedge funds are holding UVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Insurance Holdings, Inc. ( NYSE:UVE – Free Report ). Receive News & Ratings for Universal Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Insurance and related companies with MarketBeat.com's FREE daily email newsletter .Nokia Corporation: Repurchase of own shares on 13.12.2024
President-elect Donald Trump has accused several Black celebrities of receiving payments for endorsing Vice President Kamala Harris for president earlier this year. What Happened : Trump took to Truth Social to voice his allegations that Democrats shelled out significant sums to secure endorsements from celebrities such as Beyoncé , Oprah Winfrey , and Al Sharpton . In the post , Trump raised questions about the legality of these purported payments, quoting figures of $11,000,000, $2,000,000, and $500,000. Yet, there is no solid evidence to back up these allegations. “Are the Democrats allowed to pay $11,000,000, $2,000,000, and $500,000 to get the ENDORSEMENT of Beyoncé, Oprah, and Reverend Al? I don't think so! Beyoncé didn't sing, Oprah didn't do much of anything (she called it ‘expenses’), and Al is just a third rate Con Man. So what is going on here??? Totally against the law, and I have heard there are many others!!!” he wrote in the post. Documents from the Federal Election Commission show that $1 million was paid to Winfrey’s Harpo Productions during the campaign. Both Winfrey and the Harris campaign have refuted any claims of payment for endorsements, explaining any celebrity-related payments as “ancillary costs for that performance.” Also Read: Majority of Americans Approve of Trump’s Second-Term Agenda Similarly, Beyoncé, who publicly supported Harris and performed at a campaign event, has been the subject of payment rumors. These rumors have been denied by Beyoncé’s mother, Tina Knowles , who stated that the artist covered much of the cost for her team, reports Mediaite. Two payments totaling $500,000 to Sharpton’s National Action Network have also been under scrutiny. The Harris campaign has clarified that these payments were part of a broader voter mobilization initiative. Why It Matters : The allegations made by Trump have sparked a debate on the legality and ethics of paid endorsements in political campaigns. While the celebrities and the Harris campaign have denied any wrongdoing, the lack of concrete evidence to support Trump’s claims leaves room for speculation. The controversy also highlights the significant role of celebrity endorsements in shaping public opinion during elections, further emphasizing the need for transparency in campaign financing. Read Next Trump Aims To Make US ‘Crypto Capital Of The Planet': ‘We'll Get It Done' This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Image: Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
NASSAU, Bahamas — Justin Thomas was long off the tee and made a few long putts on the back nine to overtake Scottie Scheffler with a 6-under 66 and build a one-shot lead Saturday over golf's best player going into the final round of the Hero World Challenge. Thomas is trying out a 46-inch driver — a little more than an inch longer than normal — that he previously used for practice at home to gain speed and length. He blasted a 361-yard drive to 8 feet on the par-4 seventh hole and led the field in driving distance. But it was a few long putts that put him ahead of Scheffler, who had a 69. Thomas was on the verge of falling two shots behind when he made an 18-foot par putt on the par-3 12th hole. On the reachable par-4 14th, he was in a nasty spot in a sandy area and could only splash it out to nearly 50 feet. He made that one for a most unlikely birdie, while behind him Scheffler muffed a chip on the 13th hole and made his lone bogey of a windy day. Scheffler never caught up to him, missing birdie chances on the reachable 14th and the par-5 15th. Thomas hit his approach to 3 feet for birdie on the 16th after a 343-yard drive. Scheffler made an 18-foot birdie putt on the 16th to close within one. Scheffler missed birdie chances on the last two holes from the 10-foot and 15-foot range, while Thomas missed an 8-foot birdie attempt at the last. "I had a stretch at 13, 14, 15 where I felt like I lost a shot or two there, but outside of that I did a lot of really good things today," Scheffler said. Thomas hasn't won since the 2022 PGA Championship at Southern Hills, and a victory at Albany Golf Club wouldn't count as an official win. But the two-time major champion has made steady progress toward getting his game back in order. "I'm driving it great. I've had a lot of confidence with it," Thomas said of his longer driver. "I feel like I've been able to put myself in some pretty good spots going into the green. I'm still not taking advantage of some of them as much as I would like, but that's golf and we're always going to say that." Thomas was at 17-under 199 and will be in the final group Sunday with Scheffler, who is trying to end his spectacular season with a ninth title. Tom Kim put himself in the mix, which he might not have imagined Thursday when he was 3 over through six holes of the holiday tournament. Kim got back in the game with a 65 on Friday, and then followed with 12 birdies for a 62. He had a shot at the course record — Rickie Fowler shot 61 in the final round when he won at Albany in 2017 — until Kim found a bunker and took two shots to reach the green in making a double bogey on the par-3 17th. Even so, he was only two shots behind. Ryder Cup captain Keegan Bradley (68) was four back. "Feel like I've been seeing signs of improvement, which is what you want and that's all I can do," Thomas said. "I can't control everybody else or what's going on, I've just got to keep playing as good as I possibly can and hope that it's enough come Sunday." Get local news delivered to your inbox!The best Black Friday deals from A to Z
The Big Central Conference released its All-Division football teams for the 2024 season. You can find the selections for the Freedom Silver Division below. NOTE : The selections were made by coaches from the conference and not reporters from NJ.com . If an athlete’s name is misspelled, please let us know and we will make the correction.. FIRST TEAM Kyle Blew, Belvidere,, QB, Sr. Mason Chamberlain, Belvidere, WR, Sr. Brayden Stefan, Belvidere, LB, Sr. Luke Tipton, Belvidere, WR/DE, Sr. Brayden Duckworth, Belvidere, OL/DL, Jr. Nathan Sussko, Belvidere, LB,, Jr. Geoffrey Young, Belvidere, OL/DL, Jr. Elijah White, Belvidere, WR, So. Joey Lawler, Middlesex, OL/LB, Sr. Dom Parenti, Middlesex, QB/SS, Sr. Jax Jarvis, Middlesex, WR/FS, Sr. Eva Willitts, Middlesex, DT/K, Sr. Sean Downes, Middlesex, TE/DL, Sr. Na’quavere Thomas, Manville, FB/DL, Sr. Joshua D’Ambrosio, Manville, QB/RB/FS, Jr. Collin Shimp, Manville, TE/LB, Jr. Edward Cooper, South Hunterdon, RB/LB, Sr. Ty Dunn, South Hunterdon, OL/DL, Sr. Thomas Breuer, South Hunterdon, OL/DL, Sr. Grant Guizzino, Bound Brook, LB/SS, Sr. Xavier Quesada, Bound Brook, K/P, Jr. Luke Pettersen, Dunellen, OL/LB, Sr. Luke Shealy, Dunellen, OL/LB, Sr. SECOND TEAM Julian Dorfman, Belvidere, DB, Sr. Preston Jacoski, Belvidere, OL/DL, Jr. Kadin Labar, Belvidere, OL/DL, So. Julian Samuels, Middlesex, WR/DB, Jr. Sean Hughes, Middlesex, OL/DL, Jr. Ricky Fittin, Middlesex, WR/DB, Sr. Isaiah Bennett, Manville, OL/LB, Jr. Evan Canica, Manville, OL/LB, Jr. Nate Lawton, South Hunterdon, TE/DE, Sr. Parker Rampel, South Hunterdon, OL/LB, Jr. Andy Perpignan, Bound Brook, RB/LB, Sr. Mike Kinney can be reached at mkinney@njadvancemedia.com The N.J. High School Sports newsletter is now appearing in mailboxes 5 days a week. Sign up now! Follow us on social: Facebook | Instagram | X (formerly Twitter)
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