Sumitomo Mitsui Trust Holdings Inc. lowered its position in shares of Unum Group (NYSE:UNM) by 3.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 723,611 shares of the financial services provider’s stock after selling 22,329 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.32% of Unum Group worth $36,998,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Gotham Asset Management LLC raised its holdings in Unum Group by 0.8% in the 2nd quarter. Gotham Asset Management LLC now owns 4,475 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 35 shares during the last quarter. Quantum Capital Management boosted its holdings in Unum Group by 0.4% in the 2nd quarter. Quantum Capital Management now owns 15,174 shares of the financial services provider’s stock worth $708,000 after buying an additional 54 shares during the period. HM Payson & Co. boosted its holdings in Unum Group by 0.5% in the 2nd quarter. HM Payson & Co. now owns 12,527 shares of the financial services provider’s stock worth $584,000 after buying an additional 62 shares during the period. Honkamp Krueger Financial Services Inc. boosted its holdings in Unum Group by 0.3% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 26,338 shares of the financial services provider’s stock worth $1,228,000 after buying an additional 81 shares during the period. Finally, Newman Dignan & Sheerar Inc. boosted its holdings in shares of Unum Group by 0.6% during the 2nd quarter. Newman Dignan & Sheerar Inc. now owns 15,954 shares of the financial services provider’s stock valued at $744,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.
Unum Group (UNM) traded up $0.45 during trading hours on Thursday, reaching $56.79. 642,139 shares of the company’s stock traded hands, compared to its average volume of 1,173,750. Unum Group has a 52-week low of $42.90 and a 52-week high of $57.49. The stock has a market cap of $12,682.47, a P/E ratio of 13.59, a P/E/G ratio of 1.91 and a beta of 1.66. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.17 and a quick ratio of 0.17.
Unum Group (NYSE:UNM) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the company earned $1.01 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. sell-side analysts predict that Unum Group will post 4.23 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Monday, October 30th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, October 27th. This represents a $0.92 annualized dividend and a yield of 1.62%. Unum Group’s payout ratio is 21.60%.
In other Unum Group news, EVP Christopher J. Jerome sold 7,849 shares of Unum Group stock in a transaction on Friday, November 17th. The shares were sold at an average price of $53.24, for a total value of $417,880.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director E Michael Caulfield sold 3,814 shares of Unum Group stock in a transaction on Monday, October 30th. The stock was sold at an average price of $52.42, for a total transaction of $199,929.88. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.
A number of research firms recently weighed in on UNM. Zacks Investment Research lowered shares of Unum Group from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. Morgan Stanley raised their target price on shares of Unum Group from $52.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. SunTrust Banks reaffirmed a “buy” rating and issued a $58.00 price target on shares of Unum Group in a report on Wednesday, September 27th. Goldman Sachs Group started coverage on shares of Unum Group in a report on Wednesday, October 18th. They issued a “sell” rating and a $48.00 price target for the company. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $53.00 target price on shares of Unum Group in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $53.27.
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About Unum Group
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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