Deutsche Bank AG boosted its stake in Unum Group (NYSE:UNM) by 18.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 744,305 shares of the financial services provider’s stock after buying an additional 114,059 shares during the quarter. Deutsche Bank AG owned approximately 0.33% of Unum Group worth $40,852,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in Unum Group in the 4th quarter valued at $125,000. Pinebridge Investments L.P. boosted its stake in Unum Group by 160.9% in the 4th quarter. Pinebridge Investments L.P. now owns 2,930 shares of the financial services provider’s stock valued at $161,000 after buying an additional 1,807 shares in the last quarter. Invictus RG acquired a new stake in Unum Group in the 3rd quarter valued at $176,000. Keel Point LLC acquired a new stake in Unum Group in the 3rd quarter valued at $202,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in Unum Group in the 3rd quarter valued at $205,000. 92.98% of the stock is currently owned by institutional investors and hedge funds.
Several analysts 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 note on Friday, January 12th. SunTrust Banks reiterated a “buy” rating and issued a $69.00 price objective on shares of Unum Group in a research report on Thursday, January 11th. Wells Fargo set a $56.00 price objective on Unum Group and gave the company a “hold” rating in a research report on Wednesday, December 13th. Langen Mcalenn reiterated a “neutral” rating on shares of Unum Group in a research report on Tuesday, January 16th. Finally, Deutsche Bank started coverage on Unum Group in a research report on Tuesday, January 2nd. They issued a “hold” rating and a $58.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $57.09.
In other news, EVP Christopher J. Jerome sold 7,806 shares of the business’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $50.90, for a total transaction of $397,325.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Q. Simonds sold 5,000 shares of the business’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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,829 shares of company stock valued at $999,888. 0.53% of the stock is currently owned by corporate insiders.
Unum Group (NYSE:UNM) opened at $50.28 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. Unum Group has a 52-week low of $43.55 and a 52-week high of $58.73. The stock has a market capitalization of $10,954.64, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 1.37 and a beta of 1.49.
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 analysts’ consensus estimates of $1.08 by $0.05. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.84 billion. Unum Group had a return on equity of 10.43% and a net margin of 8.81%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.99 earnings per share. equities research analysts expect that Unum Group will post 5.17 earnings per share 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 dividend of $0.23 per share. The ex-dividend date was Friday, January 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.83%. Unum Group’s payout ratio is currently 21.00%.
WARNING: “Unum Group (UNM) Position Increased by Deutsche Bank AG” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.dispatchtribunal.com/2018/03/17/unum-group-unm-position-increased-by-deutsche-bank-ag.html.
About Unum Group
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.
Receive News & Ratings for Unum Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unum Group and related companies with MarketBeat.com's FREE daily email newsletter.