State of Tennessee Treasury Department reduced its position in shares of Unum Group (NYSE:UNM) by 28.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,097 shares of the financial services provider’s stock after selling 40,622 shares during the period. State of Tennessee Treasury Department’s holdings in Unum Group were worth $5,118,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Unum Group by 1.4% during the second quarter. Vanguard Group Inc. now owns 24,407,058 shares of the financial services provider’s stock worth $1,138,102,000 after purchasing an additional 337,531 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Unum Group by 6.3% during the second quarter. JPMorgan Chase & Co. now owns 7,036,701 shares of the financial services provider’s stock worth $328,121,000 after purchasing an additional 415,909 shares in the last quarter. LSV Asset Management raised its holdings in Unum Group by 1.8% during the second quarter. LSV Asset Management now owns 4,913,271 shares of the financial services provider’s stock worth $229,105,000 after purchasing an additional 88,700 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Unum Group by 7.5% during the second quarter. Ameriprise Financial Inc. now owns 4,216,005 shares of the financial services provider’s stock worth $196,593,000 after purchasing an additional 292,664 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Unum Group by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,288,709 shares of the financial services provider’s stock valued at $153,356,000 after buying an additional 19,134 shares in the last quarter. 92.31% of the stock is owned by hedge funds and other institutional investors.
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Shares of Unum Group (NYSE UNM) opened at $52.81 on Wednesday. Unum Group has a 1 year low of $40.96 and a 1 year high of $53.36. The stock has a market cap of $11,852.23, a P/E ratio of 12.70, a P/E/G ratio of 1.78 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 (NYSE:UNM) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.05. Unum Group had a net margin of 8.67% and a return on equity of 10.37%. The firm had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the business earned $1.01 earnings per share. Unum Group’s revenue was up 2.0% compared to the same quarter last year. analysts forecast that Unum Group will post 4.24 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Monday, October 30th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, October 27th. This represents a $0.92 dividend on an annualized basis and a yield of 1.74%. Unum Group’s dividend payout ratio (DPR) is currently 21.60%.
A number of brokerages have issued reports on UNM. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $62.00 target price on shares of Unum Group in a report on Friday, October 27th. 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 report on Monday, November 6th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $52.00 target price on shares of Unum Group in a report on Friday, October 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $53.00 target price on shares of Unum Group in a report on Friday, November 10th. Finally, Wells Fargo & Company set a $48.00 target price on shares of Unum Group and gave the company a “hold” rating in a report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $51.38.
In related news, Director E Michael Caulfield sold 3,814 shares of the firm’s stock in a transaction that occurred 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 document filed with the SEC, which is accessible through the SEC website. 0.53% of the stock is currently owned by company insiders.
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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