Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Unum Group (NYSE:UNM) by 220.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 153,112 shares of the financial services provider’s stock after acquiring an additional 105,335 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Unum Group were worth $8,404,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the business. Bristlecone Advisors LLC raised its holdings in Unum Group by 36.3% in the 4th quarter. Bristlecone Advisors LLC now owns 8,539 shares of the financial services provider’s stock valued at $469,000 after acquiring an additional 2,274 shares during the last quarter. LMR Partners LLP acquired a new stake in Unum Group in the 4th quarter valued at about $466,000. Lakeview Capital Partners LLC acquired a new stake in shares of Unum Group during the 4th quarter worth approximately $206,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Unum Group by 47.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 332,511 shares of the financial services provider’s stock worth $18,252,000 after buying an additional 106,985 shares during the last quarter. Finally, Atlas Brown Inc. acquired a new stake in shares of Unum Group during the 4th quarter worth approximately $213,000. Institutional investors own 91.60% of the company’s stock.
In related news, CEO Timothy Gerald Arnold sold 1,000 shares of Unum Group stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $55.07, for a total value of $55,070.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John F. Mcgarry sold 4,588 shares of Unum Group stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $58.19, for a total transaction of $266,975.72. The disclosure for this sale can be found here. Insiders sold a total of 21,896 shares of company stock valued at $1,203,733 in the last quarter. 0.53% of the stock is owned by insiders.
Shares of Unum Group (NYSE:UNM) opened at $50.43 on Tuesday. Unum Group has a 1-year low of $43.55 and a 1-year high of $58.73. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market cap of $11,730.45, a P/E ratio of 11.51, a P/E/G ratio of 1.46 and a beta of 1.51.
Unum Group (NYSE:UNM) last posted its earnings results on Wednesday, January 31st. The financial services provider reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.05. Unum Group had a net margin of 8.81% and a return on equity of 10.43%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the firm earned $0.99 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. equities analysts expect that Unum Group will post 5.15 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Investors of record on Monday, January 29th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, January 26th. This represents a $0.92 annualized dividend and a yield of 1.82%. Unum Group’s dividend payout ratio (DPR) is presently 21.00%.
A number of analysts have recently issued reports on UNM shares. SunTrust Banks restated a “buy” rating and set a $62.00 price target on shares of Unum Group in a report on Friday, October 27th. Zacks Investment Research upgraded shares of Unum Group from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a report on Friday, January 12th. Deutsche Bank started coverage on shares of Unum Group in a report on Tuesday, January 2nd. They set a “hold” rating and a $58.00 price target for the company. Royal Bank of Canada restated a “hold” rating and set a $52.00 price target on shares of Unum Group in a report on Friday, October 27th. Finally, Wells Fargo & Co set a $48.00 price target on shares of Unum Group and gave the stock a “hold” rating in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $56.18.
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About Unum Group
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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