Swiss National Bank boosted its holdings in shares of Unum Group (NYSE:UNM) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 839,767 shares of the financial services provider’s stock after purchasing an additional 4,600 shares during the period. Swiss National Bank owned about 374,244.40% of Unum Group worth $42,937,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. BB&T Investment Services Inc. bought a new position in Unum Group during the second quarter worth about $100,000. Jacobi Capital Management LLC bought a new position in Unum Group during the second quarter worth about $159,000. Huntington National Bank lifted its stake in Unum Group by 25.8% during the second quarter. Huntington National Bank now owns 3,417 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 700 shares during the period. Schulhoff & Co. Inc. bought a new position in Unum Group during the third quarter worth about $204,000. Finally, Gotham Asset Management LLC lifted its stake in Unum Group by 0.8% during the second quarter. Gotham Asset Management LLC now owns 4,475 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 35 shares during the period. Hedge funds and other institutional investors own 92.31% of the company’s stock.
In related news, Director E Michael Caulfield sold 3,814 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $52.42, for a total value of $199,929.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.53% of the company’s stock.
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Unum Group (NYSE UNM) opened at $52.81 on Wednesday. Unum Group has a one year low of $40.96 and a one year high of $53.36. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.29. The stock has a market cap of $11,852.23, a P/E ratio of 12.70, a PEG ratio of 1.78 and a beta of 1.65.
Unum Group (NYSE:UNM) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Unum Group had a net margin of 8.67% and a return on equity of 10.37%. Unum Group’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 earnings per share. sell-side analysts forecast that Unum Group will post 4.24 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Monday, October 30th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, October 27th. Unum Group’s dividend payout ratio is currently 21.60%.
A number of brokerages have commented on UNM. Keefe, Bruyette & Woods restated a “hold” rating and set a $53.00 price target on shares of Unum Group in a research note on Friday, November 10th. B. Riley upgraded shares of Unum Group from a “sell” rating to a “neutral” rating and raised their price target for the stock from $43.00 to $52.00 in a research note on Monday, November 6th. Royal Bank Of Canada restated a “hold” rating and set a $52.00 price target on shares of Unum Group in a research note on Friday, October 27th. SunTrust Banks, Inc. restated a “buy” rating and set a $62.00 price target on shares of Unum Group in a research note on Friday, October 27th. Finally, Wells Fargo & Company set a $48.00 price target on shares of Unum Group and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $51.38.
About Unum Group
Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company’s products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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