Ontario Teachers Pension Plan Board grew its stake in Unum Group (NYSE:UNM) by 60.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 120,489 shares of the financial services provider’s stock after purchasing an additional 45,188 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Unum Group were worth $6,614,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new position in Unum Group during the fourth quarter worth $125,000. Pinebridge Investments L.P. grew its holdings in Unum Group by 160.9% during the fourth quarter. Pinebridge Investments L.P. now owns 2,930 shares of the financial services provider’s stock worth $161,000 after acquiring an additional 1,807 shares during the period. Invictus RG acquired a new position in Unum Group during the third quarter worth $176,000. Keel Point LLC acquired a new position in Unum Group during the third quarter worth $202,000. Finally, Schulhoff & Co. Inc. acquired a new position in Unum Group during the third quarter worth $204,000. 90.16% of the stock is currently owned by institutional investors and hedge funds.
Shares of Unum Group (NYSE UNM) opened at $51.26 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market capitalization of $11,500.00, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 1.45 and a beta of 1.51. Unum Group has a twelve month low of $43.55 and a twelve month high of $58.73.
Unum Group (NYSE:UNM) last posted its earnings results on Wednesday, January 31st. The financial services provider reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.05. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.84 billion. Unum Group had a return on equity of 10.43% and a net margin of 8.81%. Unum Group’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 earnings per share. equities research analysts forecast that Unum Group will post 5.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Monday, January 29th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.79%. The ex-dividend date was Friday, January 26th. Unum Group’s dividend payout ratio (DPR) is 21.70%.
A number of research analysts recently weighed in on UNM shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $53.00 price objective on shares of Unum Group in a report on Friday, November 10th. B. Riley raised Unum Group from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $43.00 to $52.00 in a report on Monday, November 6th. Royal Bank of Canada reaffirmed a “hold” rating and set a $52.00 price objective on shares of Unum Group in a report on Friday, October 27th. Deutsche Bank started coverage on Unum Group in a report on Tuesday, January 2nd. They set a “hold” rating and a $58.00 price objective on the stock. Finally, Zacks Investment Research raised Unum Group from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $56.73.
In other Unum Group news, EVP Michael Q. Simonds sold 5,000 shares of the company’s 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 SEC, which is accessible through the SEC website. Also, CEO Timothy Gerald Arnold sold 1,000 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $55.07, for a total value of $55,070.00. The disclosure for this sale can be found here. Insiders sold 19,047 shares of company stock worth $1,046,303 in the last three months. 0.53% of the stock is owned by corporate insiders.
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Unum Group Company 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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