Riverhead Capital Management LLC increased its position in shares of Unum Group (NYSE:UNM) by 12.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 194,284 shares of the financial services provider’s stock after purchasing an additional 21,780 shares during the period. Riverhead Capital Management LLC owned approximately 0.09% of Unum Group worth $7,590,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. purchased a new position in Unum Group during the third quarter worth about $117,000. Signaturefd LLC raised its holdings in Unum Group by 95.1% during the second quarter. Signaturefd LLC now owns 3,313 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 1,615 shares in the last quarter. Focused Wealth Management Inc raised its holdings in Unum Group by 12,500.0% during the second quarter. Focused Wealth Management Inc now owns 3,528 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 3,500 shares in the last quarter. Tuttle Tactical Management purchased a new position in Unum Group during the second quarter worth about $166,000. Finally, Everence Capital Management Inc. purchased a new position in Unum Group during the third quarter worth about $202,000. 90.38% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently issued reports on UNM. Zacks Investment Research raised shares of Unum Group from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Friday, October 12th. TheStreet cut shares of Unum Group from a “b-” rating to a “c+” rating in a report on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $53.08.
Shares of UNM opened at $33.61 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.18 and a quick ratio of 0.18. Unum Group has a 1-year low of $33.27 and a 1-year high of $58.73. The company has a market cap of $7.86 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 0.76 and a beta of 1.30.
Unum Group (NYSE:UNM) last issued its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.37 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.89 billion. As a group, sell-side analysts expect that Unum Group will post 5.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 16th. Investors of record on Monday, October 29th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, October 26th. This represents a $1.04 dividend on an annualized basis and a yield of 3.09%. Unum Group’s dividend payout ratio (DPR) is currently 24.24%.
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About Unum Group
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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