Wealth Enhancement Advisory Services LLC Buys New Holdings in Unum Group (UNM)

Wealth Enhancement Advisory Services LLC bought a new position in Unum Group (NYSE:UNM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 19,460 shares of the financial services provider’s stock, valued at approximately $1,140,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Gotham Asset Management LLC lifted its holdings in shares of Unum Group by 0.8% in the second quarter. Gotham Asset Management LLC now owns 4,475 shares of the financial services provider’s stock worth $209,000 after buying an additional 35 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in Unum Group by 2.1% during the second quarter. Ameritas Investment Partners Inc. now owns 5,386 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 113 shares in the last quarter. Sentry Investment Management LLC raised its stake in Unum Group by 1.1% during the second quarter. Sentry Investment Management LLC now owns 18,223 shares of the financial services provider’s stock valued at $850,000 after purchasing an additional 202 shares in the last quarter. Kalos Management Inc. raised its stake in Unum Group by 0.5% during the second quarter. Kalos Management Inc. now owns 56,270 shares of the financial services provider’s stock valued at $2,623,000 after purchasing an additional 274 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its stake in Unum Group by 0.7% during the second quarter. Thrivent Financial For Lutherans now owns 45,094 shares of the financial services provider’s stock valued at $2,103,000 after purchasing an additional 300 shares in the last quarter. 91.75% of the stock is currently owned by hedge funds and other institutional investors.

Unum Group (UNM) opened at $55.99 on Friday. 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 1 year low of $43.55 and a 1 year high of $58.73. The firm has a market cap of $12,597.20, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 1.57 and a beta of 1.67.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share for the quarter, beating 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 business had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the business posted $1.01 earnings per share. The business’s revenue was up 2.0% compared to the same quarter last year. equities research analysts expect that Unum Group will post 4.23 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Monday, January 29th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Friday, January 26th. Unum Group’s dividend payout ratio (DPR) 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, EVP Lisa G. Iglesias sold 8,459 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $54.83, for a total transaction of $463,806.97. The disclosure for this sale can be found here. Insiders have sold 25,710 shares of company stock worth $1,403,663 in the last quarter. Company insiders own 0.53% of the company’s stock.

A number of research firms recently issued reports on UNM. Zacks Investment Research raised shares of Unum Group from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research note on Friday, January 12th. SunTrust Banks reaffirmed a “buy” rating and set a $69.00 price target on shares of Unum Group in a research note on Thursday, January 11th. Wells Fargo & Co set a $56.00 price target on shares of Unum Group and gave the company a “hold” rating in a research note on Wednesday, December 13th. Langen Mcalenn reaffirmed a “neutral” rating on shares of Unum Group in a research note on Tuesday. Finally, ValuEngine raised shares of Unum Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Unum Group has a consensus rating of “Hold” and a consensus price target of $56.00.

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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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Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

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