Aviva PLC lessened its stake in Unum Group (NYSE:UNM) by 6.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 103,238 shares of the financial services provider’s stock after selling 7,111 shares during the quarter. Aviva PLC’s holdings in Unum Group were worth $4,034,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Unum Group by 1.3% in the second quarter. BlackRock Inc. now owns 17,212,634 shares of the financial services provider’s stock valued at $636,697,000 after buying an additional 214,291 shares during the period. Donald Smith & CO. Inc. boosted its holdings in shares of Unum Group by 4.3% in the third quarter. Donald Smith & CO. Inc. now owns 5,555,352 shares of the financial services provider’s stock valued at $217,048,000 after buying an additional 227,260 shares during the period. LSV Asset Management boosted its holdings in shares of Unum Group by 0.7% in the third quarter. LSV Asset Management now owns 5,529,665 shares of the financial services provider’s stock valued at $216,044,000 after buying an additional 36,316 shares during the period. Investec Asset Management LTD boosted its holdings in shares of Unum Group by 18.4% in the second quarter. Investec Asset Management LTD now owns 4,753,433 shares of the financial services provider’s stock valued at $175,829,000 after buying an additional 739,037 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Unum Group by 15.7% in the third quarter. Dimensional Fund Advisors LP now owns 4,478,639 shares of the financial services provider’s stock valued at $174,981,000 after buying an additional 607,307 shares during the period. Institutional investors own 90.38% of the company’s stock.
Several research firms have recently weighed in on UNM. TheStreet cut shares of Unum Group from a “b-” rating to a “c+” rating in a report on Wednesday, October 24th. Zacks Investment Research upgraded 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Unum Group presently has an average rating of “Hold” and an average target price of $53.08.
Shares of UNM opened at $32.25 on Monday. Unum Group has a 12 month low of $31.43 and a 12 month high of $58.73. The firm has a market cap 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. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.35.
Unum Group (NYSE:UNM) last announced its earnings results on Wednesday, October 24th. The financial services provider reported $1.37 EPS 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. As a group, equities research analysts predict that Unum Group will post 5.22 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 16th. Investors of record on Monday, October 29th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.22%. The ex-dividend date was Friday, October 26th. Unum Group’s payout ratio is 24.24%.
COPYRIGHT VIOLATION NOTICE: “Unum Group (UNM) Shares Sold by Aviva PLC” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/12/10/unum-group-unm-shares-sold-by-aviva-plc.html.
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.
See Also: What is the Dow Jones Industrial Average (DJIA)?
Want to see what other hedge funds are holding UNM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unum Group (NYSE:UNM).
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.