Morgan Stanley grew its position in Unum Group (NYSE:UNM) by 7.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 629,957 shares of the financial services provider’s stock after purchasing an additional 43,464 shares during the period. Morgan Stanley owned about 0.29% of Unum Group worth $24,613,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Panagora Asset Management Inc. raised its holdings in Unum Group by 5.4% in the third quarter. Panagora Asset Management Inc. now owns 26,843 shares of the financial services provider’s stock worth $1,049,000 after purchasing an additional 1,370 shares during the period. Pacer Advisors Inc. increased its position in shares of Unum Group by 13.8% during the third quarter. Pacer Advisors Inc. now owns 11,798 shares of the financial services provider’s stock worth $461,000 after acquiring an additional 1,428 shares in the last quarter. Grace & White Inc. NY increased its position in shares of Unum Group by 0.3% during the third quarter. Grace & White Inc. NY now owns 550,090 shares of the financial services provider’s stock worth $21,492,000 after acquiring an additional 1,520 shares in the last quarter. Texas Yale Capital Corp. increased its position in shares of Unum Group by 6.3% during the third quarter. Texas Yale Capital Corp. now owns 25,965 shares of the financial services provider’s stock worth $1,014,000 after acquiring an additional 1,540 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Unum Group by 3.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 47,746 shares of the financial services provider’s stock worth $1,865,000 after acquiring an additional 1,699 shares in the last quarter. Institutional investors own 90.30% of the company’s stock.
UNM has been the subject of several research reports. Zacks Investment Research raised shares of Unum Group from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Friday, October 12th. TheStreet downgraded shares of Unum Group from a “b-” rating to a “c+” rating in a research report on Wednesday, October 24th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Unum Group from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, January 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $52.46.
Unum Group stock opened at $34.45 on Friday. The firm has a market capitalization of $7.35 billion, a P/E ratio of 8.03, a price-to-earnings-growth ratio of 0.68 and a beta of 1.39. Unum Group has a 1-year low of $26.76 and a 1-year high of $57.12. 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 released its earnings results on Wednesday, October 24th. The financial services provider reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.89 billion. Unum Group had a net margin of 4.68% and a return on equity of 12.06%. On average, research analysts anticipate that Unum Group will post 5.21 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Monday, January 28th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Friday, January 25th. Unum Group’s dividend payout ratio (DPR) is presently 24.24%.
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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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