Gilman Hill Asset Management LLC boosted its stake in shares of Unum Group (NYSE:UNM) by 8.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 196,102 shares of the financial services provider’s stock after acquiring an additional 15,055 shares during the period. Unum Group comprises about 1.3% of Gilman Hill Asset Management LLC’s holdings, making the stock its 27th biggest holding. Gilman Hill Asset Management LLC owned 0.10% of Unum Group worth $3,300,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of UNM. State Street Corp raised its position in shares of Unum Group by 8.9% in the first quarter. State Street Corp now owns 11,037,284 shares of the financial services provider’s stock valued at $165,670,000 after buying an additional 904,370 shares during the last quarter. Donald Smith & CO. Inc. raised its position in shares of Unum Group by 3.4% in the second quarter. Donald Smith & CO. Inc. now owns 6,478,877 shares of the financial services provider’s stock valued at $107,485,000 after buying an additional 213,855 shares during the last quarter. Prudential PLC raised its position in shares of Unum Group by 34.4% in the second quarter. Prudential PLC now owns 4,202,734 shares of the financial services provider’s stock valued at $69,723,000 after buying an additional 1,076,533 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Unum Group by 1.1% in the first quarter. Geode Capital Management LLC now owns 4,073,494 shares of the financial services provider’s stock valued at $61,048,000 after buying an additional 45,892 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Unum Group by 1.6% in the second quarter. Goldman Sachs Group Inc. now owns 3,685,627 shares of the financial services provider’s stock valued at $61,144,000 after buying an additional 57,585 shares during the last quarter. Institutional investors own 90.68% of the company’s stock.
A number of equities research analysts have recently commented on the stock. Royal Bank of Canada reiterated a “hold” rating and issued a $22.00 target price on shares of Unum Group in a research report on Monday, July 20th. Morgan Stanley upped their price objective on shares of Unum Group from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Tuesday, October 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $26.00.
In other Unum Group news, EVP Christopher W. Pyne sold 2,550 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $19.39, for a total transaction of $49,444.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.49% of the company’s stock.
Shares of UNM opened at $18.65 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.32. Unum Group has a 12-month low of $9.58 and a 12-month high of $31.32. The firm has a 50-day moving average price of $18.24 and a 200 day moving average price of $16.87. The firm has a market capitalization of $3.80 billion, a P/E ratio of 3.98, a P/E/G ratio of 0.40 and a beta of 1.72.
Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, July 28th. The financial services provider reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.04. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.95 billion. Unum Group had a net margin of 8.12% and a return on equity of 10.99%. Unum Group’s revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.36 earnings per share. Equities research analysts predict that Unum Group will post 5.16 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 6.11%. Unum Group’s dividend payout ratio (DPR) is presently 20.99%.
Unum Group Company 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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