Global Financial Private Capital LLC bought a new stake in Unum Group (NYSE:UNM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 23,698 shares of the financial services provider’s stock, valued at approximately $1,301,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in UNM. Assenagon Asset Management S.A. boosted its stake in Unum Group by 2,958.0% in the third quarter. Assenagon Asset Management S.A. now owns 637,002 shares of the financial services provider’s stock valued at $32,570,000 after acquiring an additional 616,171 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Unum Group by 21.2% in the third quarter. Bank of New York Mellon Corp now owns 2,944,398 shares of the financial services provider’s stock valued at $150,548,000 after acquiring an additional 515,351 shares in the last quarter. APG Asset Management N.V. boosted its stake in Unum Group by 44.7% in the fourth quarter. APG Asset Management N.V. now owns 1,343,609 shares of the financial services provider’s stock valued at $61,418,000 after acquiring an additional 415,200 shares in the last quarter. PGGM Investments boosted its stake in Unum Group by 241.8% in the third quarter. PGGM Investments now owns 519,711 shares of the financial services provider’s stock valued at $26,573,000 after acquiring an additional 367,674 shares in the last quarter. Finally, AXA acquired a new stake in Unum Group in the third quarter valued at approximately $12,797,000. Institutional investors own 90.62% of the company’s stock.
Shares of Unum Group (UNM) opened at $52.45 on Friday. Unum Group has a one year low of $43.55 and a one year high of $58.73. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.29. The company has a market cap of $11,605.83, a price-to-earnings ratio of 12.16, a PEG ratio of 1.44 and a beta of 1.51.
Unum Group (NYSE:UNM) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.05. Unum Group had a net margin of 8.81% and a return on equity of 10.43%. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. research analysts predict that Unum Group will post 5.17 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Monday, January 29th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, January 26th. This represents a $0.92 annualized dividend and a dividend yield of 1.75%. Unum Group’s payout ratio is currently 21.00%.
In related news, EVP Lisa G. Iglesias sold 8,459 shares of the firm’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy Gerald Arnold sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $55.07, for a total transaction of $55,070.00. The disclosure for this sale can be found here. Insiders have sold 19,047 shares of company stock valued at $1,046,303 over the last quarter. Insiders own 0.53% of the company’s stock.
Several equities research analysts have weighed in on UNM shares. Zacks Investment Research downgraded shares of Unum Group from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. SunTrust Banks restated a “buy” rating and issued a $62.00 target price on shares of Unum Group in a research note on Friday, October 27th. Royal Bank of Canada restated a “hold” rating and issued a $54.00 target price on shares of Unum Group in a research note on Thursday, February 1st. Wells Fargo & Co set a $56.00 target price on shares of Unum Group and gave the company a “hold” rating in a research note on Wednesday, December 13th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $53.00 target price on shares of Unum Group in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $56.73.
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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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