Seven Eight Capital LP Trims Position in Unum Group (UNM)

Seven Eight Capital LP lessened its holdings in Unum Group (NYSE:UNM) by 64.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,269 shares of the financial services provider’s stock after selling 101,700 shares during the period. Seven Eight Capital LP’s holdings in Unum Group were worth $2,237,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in UNM. Signaturefd LLC increased its position in Unum Group by 95.1% in the second quarter. Signaturefd LLC now owns 3,313 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 1,615 shares during the last quarter. Focused Wealth Management Inc increased its position in Unum Group by 12,500.0% in the second quarter. Focused Wealth Management Inc now owns 3,528 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 3,500 shares during the last quarter. Tuttle Tactical Management bought a new stake in Unum Group in the second quarter worth $166,000. Cerebellum GP LLC bought a new stake in Unum Group in the second quarter worth $176,000. Finally, Exane Asset Management bought a new stake in Unum Group in the second quarter worth $195,000. Institutional investors own 90.93% of the company’s stock.

UNM has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Unum Group from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Friday, October 12th. Barclays cut their price objective on shares of Unum Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Monday, July 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Unum Group has an average rating of “Hold” and a consensus price target of $53.08.

In other news, EVP Breege A. Farrell sold 7,500 shares of the business’s stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $40.66, for a total transaction of $304,950.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is currently owned by insiders.

UNM stock opened at $37.08 on Tuesday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.32. Unum Group has a twelve month low of $34.57 and a twelve month high of $58.73. The firm has a market cap of $8.23 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 0.82 and a beta of 1.36.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Monday, July 30th. The financial services provider reported $1.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.03. Unum Group had a net margin of 9.42% and a return on equity of 11.19%. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the business posted $1.05 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. As a group, analysts anticipate that Unum Group will post 5.13 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 16th. Shareholders of record on Monday, October 29th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Friday, October 26th. Unum Group’s dividend payout ratio (DPR) is 24.24%.

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.

Further Reading: How to Use a Moving Average for Trading 

Institutional Ownership by Quarter 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.

Leave a Reply