California Public Employees Retirement System boosted its holdings in Unum Group (NYSE:UNM) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 790,050 shares of the financial services provider’s stock after purchasing an additional 4,773 shares during the quarter. California Public Employees Retirement System owned about 0.35% of Unum Group worth $43,366,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Cerebellum GP LLC purchased a new position in Unum Group in the fourth quarter worth $125,000. Invictus RG purchased a new position in Unum Group in the third quarter worth $176,000. Lakeview Capital Partners LLC purchased a new position in Unum Group in the fourth quarter worth $206,000. Atlas Brown Inc. purchased a new position in Unum Group in the fourth quarter worth $213,000. Finally, Keel Point LLC purchased a new position in Unum Group in the third quarter worth $202,000. Institutional investors and hedge funds own 90.16% of the company’s stock.
Unum Group (NYSE UNM) traded down $0.29 on Thursday, hitting $51.69. The stock had a trading volume of 658,622 shares, compared to its average volume of 1,917,313. The stock has a market cap of $11,648.11, a PE ratio of 11.87, a PEG ratio of 1.45 and a beta of 1.51. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.29. Unum Group has a 52 week low of $43.55 and a 52 week high of $58.73.
Unum Group (NYSE:UNM) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.05. Unum Group had a return on equity of 10.43% and a net margin of 8.81%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the company earned $0.99 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. sell-side 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. Investors of record on Monday, January 29th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Friday, January 26th. Unum Group’s dividend payout ratio (DPR) is presently 21.00%.
In other Unum Group news, EVP Michael Q. Simonds sold 5,000 shares of Unum Group stock in a transaction on Monday, February 5th. The stock was sold at an average price of $52.09, for a total value of $260,450.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John F. Mcgarry sold 4,588 shares of Unum Group stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $58.19, for a total value of $266,975.72. The disclosure for this sale can be found here. In the last three months, insiders sold 19,047 shares of company stock valued at $1,046,303. Corporate insiders own 0.53% of the company’s stock.
A number of research analysts have recently commented on the company. Zacks Investment Research raised Unum Group from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Friday, January 12th. SunTrust Banks reissued a “buy” rating and set a $69.00 price objective on shares of Unum Group in a report on Thursday, January 11th. Wells Fargo & Co set a $56.00 target price on Unum Group and gave the stock a “hold” rating in a research note on Wednesday, December 13th. Langen Mcalenn restated a “neutral” rating on shares of Unum Group in a research note on Tuesday, January 16th. Finally, Deutsche Bank started coverage on Unum Group in a research report on Tuesday, January 2nd. They set a “hold” rating and a $58.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target 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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