Chevy Chase Trust Holdings Inc. Has $7.01 Million Holdings in Unum Group (UNM)

Chevy Chase Trust Holdings Inc. trimmed its position in shares of Unum Group (NYSE:UNM) by 3.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 179,515 shares of the financial services provider’s stock after selling 6,530 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Unum Group were worth $7,013,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. LS Investment Advisors LLC increased its holdings in shares of Unum Group by 13.1% during the second quarter. LS Investment Advisors LLC now owns 13,902 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 1,607 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Unum Group by 95.1% during the second quarter. Signaturefd LLC now owns 3,313 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 1,615 shares in the last quarter. Montecito Bank & Trust increased its holdings in shares of Unum Group by 25.8% during the second quarter. Montecito Bank & Trust now owns 8,516 shares of the financial services provider’s stock valued at $315,000 after acquiring an additional 1,745 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Unum Group by 17.9% during the second quarter. Assetmark Inc. now owns 11,885 shares of the financial services provider’s stock valued at $440,000 after acquiring an additional 1,803 shares in the last quarter. Finally, WESCAP Management Group Inc. increased its holdings in shares of Unum Group by 5.1% during the second quarter. WESCAP Management Group Inc. now owns 38,800 shares of the financial services provider’s stock valued at $1,435,000 after acquiring an additional 1,878 shares in the last quarter. 90.92% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on UNM. Zacks Investment Research upgraded shares of Unum Group from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Friday, October 12th. Barclays cut their price objective on shares of Unum Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Monday, July 9th. Finally, TheStreet downgraded shares of Unum Group from a “b-” rating to a “c+” rating in a report on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Unum Group has an average rating of “Hold” and a consensus price target of $53.08.

Shares of NYSE:UNM opened at $37.17 on Friday. Unum Group has a twelve month low of $33.27 and a twelve month high of $58.73. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.18 and a current ratio of 0.18. The company has a market capitalization of $7.93 billion, a P/E ratio of 8.66, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $1.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.08. Unum Group had a net margin of 4.68% and a return on equity of 12.06%. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.89 billion. On average, analysts forecast that Unum Group will post 5.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Monday, October 29th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, October 26th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.80%. Unum Group’s payout ratio is 24.24%.

Unum Group Profile

Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. It operates through Unum US, Unum UK, Colonial Life, and Closed Block segments. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.

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Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

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