Grace & White Inc. NY decreased its holdings in shares of Unum Group (NYSE:UNM – Get Rating) by 3.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 641,052 shares of the financial services provider’s stock after selling 21,400 shares during the period. Unum Group comprises 3.8% of Grace & White Inc. NY’s portfolio, making the stock its 2nd biggest holding. Grace & White Inc. NY owned about 0.32% of Unum Group worth $20,199,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC bought a new position in shares of Unum Group in the third quarter valued at approximately $515,000. Cetera Advisor Networks LLC acquired a new stake in shares of Unum Group in the third quarter valued at approximately $302,000. Comerica Bank increased its holdings in shares of Unum Group by 247.4% in the third quarter. Comerica Bank now owns 136,366 shares of the financial services provider’s stock valued at $3,698,000 after purchasing an additional 97,108 shares in the last quarter. Moors & Cabot Inc. acquired a new stake in shares of Unum Group in the third quarter valued at approximately $154,000. Finally, Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Unum Group by 16.9% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 8,674 shares of the financial services provider’s stock valued at $213,000 after purchasing an additional 1,253 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.
A number of brokerages recently weighed in on UNM. JPMorgan Chase & Co. raised their price target on shares of Unum Group from $30.00 to $34.00 in a report on Tuesday, April 5th. The Goldman Sachs Group raised their price target on shares of Unum Group from $36.00 to $40.00 and gave the company a “buy” rating in a report on Monday, June 6th. Citigroup started coverage on shares of Unum Group in a report on Monday, May 23rd. They set a “neutral” rating and a $36.00 target price for the company. Barclays lifted their target price on shares of Unum Group from $31.00 to $35.00 in a report on Tuesday, May 10th. Finally, StockNews.com raised shares of Unum Group from a “hold” rating to a “buy” rating in a report on Thursday, May 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $31.25.
Shares of NYSE UNM opened at $33.81 on Tuesday. The company’s fifty day moving average is $34.32 and its 200-day moving average is $30.37. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 7.48, a P/E/G ratio of 0.55 and a beta of 1.38. Unum Group has a twelve month low of $22.25 and a twelve month high of $37.49. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.32.
Unum Group (NYSE:UNM – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The financial services provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.55. The company had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Unum Group had a net margin of 7.75% and a return on equity of 8.67%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the firm posted $1.04 earnings per share. On average, research analysts anticipate that Unum Group will post 5.19 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 20th. Investors of record on Friday, April 29th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, April 28th. This represents a $1.20 annualized dividend and a yield of 3.55%. Unum Group’s dividend payout ratio is currently 26.55%.
About Unum Group (Get Rating)
Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, and Poland. It operates through Unum US, Unum International, 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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