Tredje AP fonden lifted its holdings in shares of Unum Group (NYSE:UNM) by 15.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 36,610 shares of the financial services provider’s stock after purchasing an additional 4,770 shares during the period. Tredje AP fonden’s holdings in Unum Group were worth $1,872,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the stock. Gotham Asset Management LLC lifted its position in shares of 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 purchasing an additional 35 shares during the period. Quantum Capital Management increased its stake in Unum Group by 0.4% during the 2nd quarter. Quantum Capital Management now owns 15,174 shares of the financial services provider’s stock valued at $708,000 after purchasing an additional 54 shares in the last quarter. HM Payson & Co. increased its stake in Unum Group by 0.5% during the 2nd quarter. HM Payson & Co. now owns 12,527 shares of the financial services provider’s stock valued at $584,000 after purchasing an additional 62 shares in the last quarter. Newman Dignan & Sheerar Inc. increased its stake in 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 in the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in shares of Unum Group by 2.1% in the second quarter. Ameritas Investment Partners Inc. now owns 5,386 shares of the financial services provider’s stock worth $251,000 after acquiring an additional 113 shares during the period. 91.77% of the stock is currently owned by institutional investors.
Unum Group (NYSE:UNM) traded down $0.23 during mid-day trading on Friday, hitting $54.03. 2,648,711 shares of the stock traded hands, compared to its average volume of 1,240,562. The stock has a market capitalization of $12,175.35, a P/E ratio of 13.04, a PEG ratio of 1.84 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 has a 1 year low of $43.33 and a 1 year high of $57.55.
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, beating the Zacks’ consensus estimate of $1.04 by $0.05. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.82 billion. Unum Group had a net margin of 8.67% and a return on equity of 10.37%. Unum Group’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.01 earnings per share. equities analysts expect that Unum Group will post 4.21 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Monday, October 30th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Friday, October 27th. Unum Group’s payout ratio is 21.60%.
In other Unum Group news, EVP Christopher J. Jerome sold 7,849 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $53.24, for a total transaction of $417,880.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director E Michael Caulfield sold 3,814 shares of the business’s 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 disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.
Several analysts recently issued reports on UNM shares. 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 lifted their price target on shares of Unum Group from $52.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, October 5th. SunTrust Banks reaffirmed a “buy” rating and set a $58.00 price target on shares of Unum Group in a report on Wednesday, September 27th. Goldman Sachs Group assumed coverage on shares of Unum Group in a report on Wednesday, October 18th. They set a “sell” rating and a $48.00 price target on the stock. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $53.00 price target 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 given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $54.00.
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Unum Group 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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