American International Group Inc. raised its stake in Unum Group (NYSE:UNM) by 5.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,031 shares of the financial services provider’s stock after purchasing an additional 4,256 shares during the period. American International Group Inc.’s holdings in Unum Group were worth $3,088,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Vident Investment Advisory LLC increased its holdings in shares of Unum Group by 3.1% in the second quarter. Vident Investment Advisory LLC now owns 64,390 shares of the financial services provider’s stock valued at $2,381,000 after purchasing an additional 1,910 shares during the last quarter. Worldquant Millennium Quantitative Strategies LLC acquired a new position in shares of Unum Group in the second quarter valued at about $1,643,000. Strs Ohio grew its stake in shares of Unum Group by 1,086.6% in the second quarter. Strs Ohio now owns 374,366 shares of the financial services provider’s stock valued at $13,847,000 after acquiring an additional 342,817 shares in the last quarter. Aperio Group LLC grew its stake in shares of Unum Group by 16.3% in the third quarter. Aperio Group LLC now owns 284,119 shares of the financial services provider’s stock valued at $11,101,000 after acquiring an additional 39,771 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Unum Group by 2.1% in the second quarter. California Public Employees Retirement System now owns 763,264 shares of the financial services provider’s stock valued at $28,233,000 after acquiring an additional 15,604 shares in the last quarter. Hedge funds and other institutional investors own 90.38% of the company’s stock.
UNM stock opened at $32.25 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.18 and a current ratio of 0.18. Unum Group has a 52 week low of $31.43 and a 52 week high of $58.73. The stock has a market capitalization of $7.05 billion, a P/E ratio of 7.52, a price-to-earnings-growth ratio of 0.69 and a beta of 1.30.
Unum Group (NYSE:UNM) last posted its quarterly earnings data 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 business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.89 billion. On average, analysts predict that Unum Group will post 5.22 EPS for the current year.
The company also recently disclosed 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 annualized dividend and a yield of 3.22%. Unum Group’s dividend payout ratio is 24.24%.
Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Unum Group from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Friday, October 12th. TheStreet downgraded shares of Unum Group from a “b-” rating to a “c+” rating in a research note on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $53.08.
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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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