Sciencast Management LP acquired a new position in Unum Group (NYSE:UNM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,399 shares of the financial services provider’s stock, valued at approximately $245,000.
A number of other hedge funds have also recently bought and sold shares of UNM. Cerebellum GP LLC acquired a new stake in Unum Group in the 4th quarter worth about $125,000. Pinebridge Investments L.P. boosted its holdings 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 worth $161,000 after buying an additional 1,807 shares during the last quarter. Invictus RG acquired a new stake in Unum Group in the 3rd quarter worth about $176,000. Keel Point LLC acquired a new stake in Unum Group in the 3rd quarter worth about $202,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in Unum Group in the 3rd quarter worth about $205,000. Institutional investors own 92.98% of the company’s stock.
Several equities research analysts recently issued reports on UNM shares. UBS started coverage on Unum Group in a report on Friday, March 2nd. They issued a “neutral” rating and a $57.00 price objective on the stock. Royal Bank of Canada reiterated a “hold” rating and issued a $54.00 price objective on shares of Unum Group in a report on Thursday, February 1st. Deutsche Bank started coverage on Unum Group in a report on Tuesday, January 2nd. They set a “hold” rating and a $58.00 target price on the stock. Zacks Investment Research cut Unum Group from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Finally, Wells Fargo set a $56.00 target price on Unum Group and gave the stock a “hold” rating in a report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Unum Group has an average rating of “Hold” and an average price target of $57.09.
Unum Group (UNM) opened at $50.28 on Friday. The firm has a market capitalization of $11,125.00, a P/E ratio of 11.72, a PEG ratio of 1.39 and a beta of 1.49. Unum Group has a twelve month low of $43.55 and a twelve month 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.
Unum Group (NYSE:UNM) last issued its earnings results on Wednesday, January 31st. The financial services provider reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.05. The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Unum Group had a return on equity of 10.43% and a net margin of 8.81%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 EPS. research analysts predict that Unum Group will post 5.17 earnings per share for the current year.
The company also recently declared 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. This represents a $0.92 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Friday, January 26th. Unum Group’s payout ratio is presently 21.00%.
In other news, EVP Michael Q. Simonds sold 5,000 shares of Unum Group stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $52.09, for a total transaction of $260,450.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $266,975.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,829 shares of company stock worth $999,888. Corporate insiders own 0.53% of the company’s stock.
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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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