Unigestion Holding SA decreased its position in Unum Group (NYSE:UNM) by 11.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 123,672 shares of the financial services provider’s stock after selling 16,465 shares during the period. Unigestion Holding SA’s holdings in Unum Group were worth $4,832,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. BlackRock Inc. increased its stake in Unum Group by 1.3% in the 2nd quarter. BlackRock Inc. now owns 17,212,634 shares of the financial services provider’s stock valued at $636,697,000 after buying an additional 214,291 shares during the last quarter. LSV Asset Management increased its stake in Unum Group by 3.5% in the 2nd quarter. LSV Asset Management now owns 5,493,349 shares of the financial services provider’s stock valued at $203,198,000 after buying an additional 185,504 shares during the last quarter. Donald Smith & CO. Inc. increased its stake in Unum Group by 158.2% in the 2nd quarter. Donald Smith & CO. Inc. now owns 5,328,092 shares of the financial services provider’s stock valued at $197,086,000 after buying an additional 3,264,382 shares during the last quarter. Investec Asset Management LTD grew its position in shares of Unum Group by 18.4% during the 2nd quarter. Investec Asset Management LTD now owns 4,753,433 shares of the financial services provider’s stock valued at $175,829,000 after acquiring an additional 739,037 shares during the period. Finally, Bank of Montreal Can bought a new position in shares of Unum Group during the 2nd quarter valued at approximately $152,694,000. Hedge funds and other institutional investors own 91.08% of the company’s stock.
Shares of NYSE:UNM opened at $37.71 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $8.32 billion, a price-to-earnings ratio of 7.55, a PEG ratio of 0.81 and a beta of 1.32. Unum Group has a one year low of $33.27 and a one year high of $58.73.
Unum Group (NYSE:UNM) last posted its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.08. The firm had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Unum Group had a net margin of 4.68% and a return on equity of 12.06%. On average, equities analysts expect that Unum Group will post 5.22 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Monday, October 29th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, October 26th. Unum Group’s dividend payout ratio (DPR) is currently 24.24%.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Unum Group from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Friday, October 12th. TheStreet downgraded shares of Unum Group from a “b-” rating to a “c+” rating in a research report on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $53.08.
Unum Group 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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