Cadence Capital Management LLC Has $476,000 Holdings in Unum Group (UNM)

Cadence Capital Management LLC boosted its holdings in shares of Unum Group (NYSE:UNM) by 15.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,314 shares of the financial services provider’s stock after purchasing an additional 1,272 shares during the period. Cadence Capital Management LLC’s holdings in Unum Group were worth $476,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in UNM. Janus Henderson Group PLC lifted its stake in Unum Group by 8,280.8% during the second quarter. Janus Henderson Group PLC now owns 2,062,519 shares of the financial services provider’s stock worth $96,175,000 after purchasing an additional 2,037,909 shares during the period. Prudential Financial Inc. raised its stake in shares of Unum Group by 30.5% in the second quarter. Prudential Financial Inc. now owns 3,109,206 shares of the financial services provider’s stock valued at $144,982,000 after acquiring an additional 727,487 shares during the last quarter. Balyasny Asset Management LLC raised its stake in shares of Unum Group by 370.0% in the second quarter. Balyasny Asset Management LLC now owns 874,161 shares of the financial services provider’s stock valued at $40,762,000 after acquiring an additional 688,176 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Unum Group by 2,958.0% in the third quarter. Assenagon Asset Management S.A. now owns 637,002 shares of the financial services provider’s stock valued at $32,570,000 after acquiring an additional 616,171 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Unum Group by 21.2% in the third quarter. Bank of New York Mellon Corp now owns 2,944,398 shares of the financial services provider’s stock valued at $150,548,000 after acquiring an additional 515,351 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Shares of Unum Group (NYSE:UNM) traded down $0.50 during trading on Wednesday, hitting $56.52. 962,200 shares of the company were exchanged, compared to its average volume of 1,177,454. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $12,680.00, a price-to-earnings ratio of 13.71, a P/E/G ratio of 1.93 and a beta of 1.66. Unum Group has a fifty-two week low of $42.66 and a fifty-two week high of $57.49.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. The business had revenue of $2.82 billion during 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%. Unum Group’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.01 earnings per share. equities analysts anticipate that Unum Group will post 4.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Monday, October 30th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, October 27th. Unum Group’s dividend payout ratio is currently 21.60%.

In other Unum Group news, Director E Michael Caulfield sold 3,814 shares of Unum Group stock in a transaction on Monday, October 30th. The shares were sold at an average price of $52.42, for a total transaction of $199,929.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher J. Jerome sold 7,849 shares of Unum Group stock in a transaction on Friday, November 17th. The stock was sold at an average price of $53.24, for a total transaction of $417,880.76. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

A number of research analysts have recently issued reports on UNM shares. Zacks Investment Research cut shares of Unum Group from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. SunTrust Banks reiterated a “buy” rating and issued a $62.00 target price on shares of Unum Group in a research note on Friday, October 27th. Morgan Stanley lifted their target price on shares of Unum Group from $52.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Wells Fargo & Company set a $48.00 target price on shares of Unum Group and gave the company a “hold” rating in a research note on Wednesday, October 25th. Finally, Goldman Sachs Group started coverage on shares of Unum Group in a research note on Wednesday, October 18th. They issued a “sell” rating and a $48.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $53.27.

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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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Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

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