Comerica Bank trimmed its stake in shares of Unum Group (NYSE:UNM) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,092 shares of the financial services provider’s stock after selling 1,019 shares during the quarter. Comerica Bank’s holdings in Unum Group were worth $3,195,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in UNM. Gotham Asset Management LLC raised its position in shares of Unum Group by 0.8% during the 2nd 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. Cubist Systematic Strategies LLC bought a new stake in shares of Unum Group during the 2nd quarter worth about $489,000. Raymond James Financial Services Advisors Inc. raised its position in shares of Unum Group by 119.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 22,366 shares of the financial services provider’s stock worth $1,043,000 after buying an additional 12,195 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Unum Group by 2.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,386 shares of the financial services provider’s stock worth $251,000 after buying an additional 113 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Unum Group during the 2nd quarter worth about $246,000. Institutional investors own 90.16% of the company’s stock.
Several equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $53.00 price objective on shares of Unum Group in a research note on Friday, November 10th. B. Riley raised shares of Unum Group from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $43.00 to $52.00 in a research note on Monday, November 6th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $52.00 price objective on shares of Unum Group in a research note on Friday, October 27th. Deutsche Bank assumed coverage on shares of Unum Group in a research note on Tuesday, January 2nd. They issued a “hold” rating and a $58.00 price objective on the stock. Finally, Zacks Investment Research raised shares of Unum Group from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $56.73.
Unum Group (UNM) opened at $52.45 on Tuesday. The firm has a market cap of $11,770.00, a P/E ratio of 11.97, a PEG ratio of 1.45 and a beta of 1.51. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.29. Unum Group has a 1 year low of $43.55 and a 1 year high of $58.73.
Unum Group (NYSE:UNM) last released its earnings results on Wednesday, January 31st. The financial services provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.05. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.84 billion. Unum Group had a net margin of 8.81% and a return on equity of 10.43%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $0.99 earnings per share. research analysts predict that Unum Group will post 5.17 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Monday, January 29th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Friday, January 26th. Unum Group’s dividend payout ratio (DPR) is currently 21.00%.
In other news, CFO John F. Mcgarry sold 4,588 shares of Unum Group stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $58.19, for a total value of $266,975.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Timothy Gerald Arnold sold 1,000 shares of Unum Group stock in a transaction that occurred 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. Over the last three months, insiders sold 19,047 shares of company stock worth $1,046,303. 0.53% of the stock is currently owned by insiders.
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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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