Usca Ria LLC acquired a new stake in shares of Unum Group (NYSE:UNM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,202 shares of the financial services provider’s stock, valued at approximately $36,000.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Unum Group by 60.8% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 70,966 shares of the financial services provider’s stock valued at $2,109,000 after acquiring an additional 26,845 shares in the last quarter. State of Tennessee Treasury Department raised its position in shares of Unum Group by 6.0% in the third quarter. State of Tennessee Treasury Department now owns 51,778 shares of the financial services provider’s stock valued at $1,539,000 after purchasing an additional 2,953 shares during the period. Hartford Investment Management Co. raised its position in shares of Unum Group by 1.5% in the third quarter. Hartford Investment Management Co. now owns 27,707 shares of the financial services provider’s stock valued at $823,000 after purchasing an additional 416 shares during the period. Twin Capital Management Inc. raised its position in shares of Unum Group by 19.7% in the third quarter. Twin Capital Management Inc. now owns 36,020 shares of the financial services provider’s stock valued at $1,071,000 after purchasing an additional 5,920 shares during the period. Finally, Meritage Portfolio Management bought a new position in shares of Unum Group in the third quarter valued at approximately $2,692,000. 95.40% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on the stock. Morgan Stanley dropped their price target on shares of Unum Group from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 20th. Barclays set a $36.00 price target on shares of Unum Group and gave the company a “buy” rating in a research report on Monday, August 12th. ValuEngine raised shares of Unum Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Citigroup dropped their price target on shares of Unum Group from $37.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $37.00.
Shares of NYSE:UNM traded up $0.24 during trading on Friday, reaching $30.00. The stock had a trading volume of 1,145,372 shares, compared to its average volume of 1,937,020. Unum Group has a 52 week low of $24.71 and a 52 week high of $38.84. The firm has a market capitalization of $6.17 billion, a price-to-earnings ratio of 5.77, a P/E/G ratio of 0.61 and a beta of 1.57. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $28.56 and a two-hundred day simple moving average of $31.04.
Unum Group (NYSE:UNM) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $1.36 EPS for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.01). Unum Group had a net margin of 8.89% and a return on equity of 12.31%. The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the business earned $1.37 EPS. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, analysts forecast that Unum Group will post 5.43 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, October 28th will be given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Friday, October 25th. Unum Group’s dividend payout ratio (DPR) is currently 21.92%.
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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