Unum Group (NYSE:UNM) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 5,171,228 shares, a growth of 72.0% from the January 12th total of 3,005,910 shares. Approximately 2.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,856,668 shares, the days-to-cover ratio is presently 2.8 days.
In other Unum Group news, EVP Christopher J. Jerome sold 7,849 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $53.24, for a total value of $417,880.76. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael Q. Simonds sold 5,000 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $52.09, for a total value of $260,450.00. The disclosure for this sale can be found here. Insiders have sold 26,896 shares of company stock worth $1,464,183 in the last three months. 0.53% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Scotia Capital Inc. acquired a new stake in shares of Unum Group during the 4th quarter valued at $221,000. Koch Industries Inc. boosted its holdings in shares of Unum Group by 106.0% during the 4th quarter. Koch Industries Inc. now owns 9,093 shares of the financial services provider’s stock valued at $499,000 after acquiring an additional 4,678 shares in the last quarter. ETRADE Capital Management LLC boosted its holdings in shares of Unum Group by 20.0% during the 4th quarter. ETRADE Capital Management LLC now owns 9,028 shares of the financial services provider’s stock valued at $496,000 after acquiring an additional 1,505 shares in the last quarter. MML Investors Services LLC acquired a new stake in shares of Unum Group during the 4th quarter valued at $275,000. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Unum Group by 47.8% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,028,656 shares of the financial services provider’s stock valued at $56,464,000 after acquiring an additional 332,496 shares in the last quarter. 90.62% of the stock is currently owned by institutional investors.
Unum Group (NYSE:UNM) last released its quarterly earnings data 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 return on equity of 10.43% and a net margin of 8.81%. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the business posted $0.99 EPS. Unum Group’s revenue for the quarter was up 1.5% on a year-over-year basis. research analysts forecast that Unum Group will post 5.17 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Investors of record on Monday, January 29th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Friday, January 26th. Unum Group’s dividend payout ratio (DPR) is 21.00%.
UNM has been the topic of a number of research analyst reports. SunTrust Banks reaffirmed a “buy” rating and issued a $62.00 target price on shares of Unum Group in a report on Friday, October 27th. Zacks Investment Research raised Unum Group from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Friday, January 12th. B. Riley raised Unum Group from a “neutral” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Tuesday. Deutsche Bank initiated coverage on Unum Group in a report on Tuesday, January 2nd. They issued a “hold” rating and a $58.00 target price on the stock. Finally, Wells Fargo & Co set a $48.00 target price on Unum Group and gave the company a “hold” rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $56.73.
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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