DekaBank Deutsche Girozentrale reduced its holdings in shares of Unum Group (NYSE:UNM) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 875,406 shares of the financial services provider’s stock after selling 9,603 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.39% of Unum Group worth $43,373,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in UNM. HighTower Advisors LLC purchased a new stake in shares of Unum Group during the 1st quarter valued at approximately $431,000. Fox Run Management L.L.C. purchased a new stake in shares of Unum Group during the 2nd quarter valued at approximately $312,000. State of Alaska Department of Revenue lifted its stake in shares of Unum Group by 44.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 10,570 shares of the financial services provider’s stock valued at $492,000 after buying an additional 3,270 shares in the last quarter. National Pension Service lifted its stake in shares of Unum Group by 10.0% during the 2nd quarter. National Pension Service now owns 256,769 shares of the financial services provider’s stock valued at $11,958,000 after buying an additional 23,316 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its stake in Unum Group by 510.3% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 37,310 shares of the financial services provider’s stock worth $1,740,000 after purchasing an additional 31,197 shares in the last quarter. Institutional investors own 92.31% of the company’s stock.
In other news, Director E Michael Caulfield sold 3,814 shares of the stock in a transaction 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 SEC, which is available at this hyperlink. 0.53% of the stock is owned by corporate insiders.
Several analysts have issued reports on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $53.00 target price on shares of Unum Group in a research note on Friday. B. Riley upgraded shares of Unum Group from a “sell” rating to a “neutral” rating and increased their target price for the stock from $43.00 to $52.00 in a research note on Monday, November 6th. Royal Bank Of Canada reiterated a “hold” rating and issued a $52.00 target price on shares of Unum Group in a research note on Friday, October 27th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $62.00 target price on shares of Unum Group in a research note on Friday, October 27th. Finally, Wells Fargo & Company set a $48.00 target price 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 issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $51.38.
Shares of Unum Group (UNM) traded up $0.40 during trading hours on Tuesday, hitting $52.82. 1,728,300 shares of the stock were exchanged, compared to its average volume of 1,170,460. The company has a market cap of $11,762.48, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 1.77 and a beta of 1.65. Unum Group has a 1 year low of $40.90 and a 1 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.
Unum Group (NYSE:UNM) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.05. The firm had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.82 billion. Unum Group had a net margin of 8.67% and a return on equity of 10.37%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.01 EPS. research analysts forecast that Unum Group will post 4.24 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Stockholders 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 payout ratio is 21.60%.
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Unum Group Company Profile
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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