Scotia Capital Inc. raised its stake in shares of Unum Group (NYSE:UNM) by 12.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 36,622 shares of the financial services provider’s stock after buying an additional 4,130 shares during the period. Scotia Capital Inc.’s holdings in Unum Group were worth $1,229,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UNM. Hartford Financial Management Inc. purchased a new position in shares of Unum Group during the 2nd quarter valued at about $30,000. First Mercantile Trust Co. purchased a new position in shares of Unum Group during the 1st quarter valued at about $46,000. Oakworth Capital Inc. raised its stake in shares of Unum Group by 597.6% during the 2nd quarter. Oakworth Capital Inc. now owns 1,751 shares of the financial services provider’s stock valued at $59,000 after buying an additional 1,500 shares during the last quarter. Atlas Capital Advisors LLC raised its stake in shares of Unum Group by 743.8% during the 2nd quarter. Atlas Capital Advisors LLC now owns 2,464 shares of the financial services provider’s stock valued at $83,000 after buying an additional 2,172 shares during the last quarter. Finally, Pearl River Capital LLC purchased a new position in shares of Unum Group during the 2nd quarter valued at about $113,000. Institutional investors and hedge funds own 95.61% of the company’s stock.
Shares of Unum Group stock traded up $0.45 on Friday, hitting $29.77. The company’s stock had a trading volume of 2,391,783 shares, compared to its average volume of 2,339,307. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.17 and a current ratio of 0.17. Unum Group has a 1 year low of $24.71 and a 1 year high of $40.76. The firm has a fifty day moving average price of $27.92 and a 200-day moving average price of $33.03. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 5.49, a price-to-earnings-growth ratio of 0.60 and a beta of 1.56.
Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.02. Unum Group had a return on equity of 12.90% and a net margin of 4.46%. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the business earned $1.30 EPS. Unum Group’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, analysts forecast that Unum Group will post 5.45 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, July 29th were paid a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend was Friday, July 26th. This is a positive change from Unum Group’s previous quarterly dividend of $0.26. Unum Group’s payout ratio is currently 21.92%.
A number of equities analysts have weighed in on UNM shares. ValuEngine lowered Unum Group from a “sell” rating to a “strong sell” rating in a research note on Monday, July 29th. Morgan Stanley reduced their price objective on Unum Group from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 20th. Credit Suisse Group started coverage on Unum Group in a research note on Wednesday, July 10th. They set an “underperform” rating for the company. TheStreet lowered Unum Group from a “b-” rating to a “c+” rating in a research note on Thursday, June 6th. Finally, Zacks Investment Research upgraded Unum Group from a “sell” rating to a “hold” rating and set a $35.00 price objective for the company in a research note on Thursday, May 30th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $37.00.
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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