NWQ Investment Management Company LLC reduced its holdings in shares of Unum Group (NYSE:UNM) by 31.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,226,533 shares of the financial services provider’s stock after selling 561,234 shares during the quarter. NWQ Investment Management Company LLC owned 0.55% of Unum Group worth $67,324,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cerebellum GP LLC purchased a new position in shares of Unum Group in the fourth quarter valued at $125,000. Pinebridge Investments L.P. boosted its stake in shares of Unum Group by 160.9% in the fourth quarter. Pinebridge Investments L.P. now owns 2,930 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 1,807 shares during the period. Invictus RG purchased a new position in shares of Unum Group in the third quarter valued at $176,000. Keel Point LLC purchased a new position in shares of Unum Group in the third quarter valued at $202,000. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Unum Group in the third quarter valued at $205,000. Institutional investors own 92.98% of the company’s stock.
UNM has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Unum Group from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. UBS Group initiated coverage on shares of Unum Group in a research note on Friday, March 2nd. They issued a “neutral” rating and a $57.00 target price for the company. Royal Bank of Canada restated a “hold” rating and issued a $54.00 target price on shares of Unum Group in a research note on Thursday, February 1st. Wells Fargo & Co set a $56.00 target price on shares of Unum Group and gave the company a “hold” rating in a research note on Wednesday, December 13th. Finally, B. Riley upgraded shares of Unum Group from a “neutral” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $56.75.
Shares of Unum Group (NYSE:UNM) opened at $51.19 on Monday. The stock has a market cap of $11,326.36, a price-to-earnings ratio of 11.69, a P/E/G ratio of 1.41 and a beta of 1.49. 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 has a twelve month low of $43.55 and a twelve month high of $58.73.
Unum Group (NYSE:UNM) last posted its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.05. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Unum Group had a net margin of 8.81% and a return on equity of 10.43%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 earnings per share. equities analysts predict that Unum Group will post 5.17 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Monday, January 29th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, January 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.80%. Unum Group’s dividend payout ratio (DPR) is 21.00%.
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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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