Bessemer Group Inc. cut its position in Unum Group (NYSE:UNM) by 40.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,533 shares of the financial services provider’s stock after selling 77,682 shares during the period. Bessemer Group Inc. owned 0.05% of Unum Group worth $5,805,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. BB&T Investment Services Inc. purchased a new stake in shares of Unum Group in the 2nd quarter valued at approximately $100,000. Jacobi Capital Management LLC purchased a new stake in shares of Unum Group in the 2nd quarter valued at approximately $159,000. Huntington National Bank increased its position in shares of Unum Group by 25.8% in the 2nd quarter. Huntington National Bank now owns 3,417 shares of the financial services provider’s stock valued at $160,000 after purchasing an additional 700 shares during the last quarter. Schulhoff & Co. Inc. purchased a new stake in shares of Unum Group in the 3rd quarter valued at approximately $204,000. Finally, Gotham Asset Management LLC purchased a new stake in shares of Unum Group in the 1st quarter valued at approximately $208,000. 93.85% of the stock is currently owned by institutional investors.
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Shares of Unum Group (NYSE UNM) opened at $52.42 on Friday. The firm has a market cap of $11,762.47, a price-to-earnings ratio of 12.60, a P/E/G ratio of 1.77 and a beta of 1.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.17 and a current ratio of 0.17. Unum Group has a 52 week low of $39.63 and a 52 week high of $53.36.
Unum Group (NYSE:UNM) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.05. The firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Unum Group had a net margin of 8.67% and a return on equity of 10.37%. Unum Group’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 EPS. analysts forecast that Unum Group will post 4.24 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Monday, October 30th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Friday, October 27th. Unum Group’s dividend payout ratio is currently 21.60%.
In related news, Director E Michael Caulfield sold 3,814 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $52.42, for a total transaction of $199,929.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is owned by corporate insiders.
A number of equities research analysts have commented on the stock. Barclays PLC increased their price objective on shares of Unum Group from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. B. Riley raised shares of Unum Group from a “sell” rating to a “neutral” rating and increased their target price for the company from $43.00 to $52.00 in a research report on Monday, November 6th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $53.00 target price on shares of Unum Group in a research report on Friday. BidaskClub raised shares of Unum Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of Unum Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $51.38.
Unum Group Company Profile
Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company’s products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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