Prana Capital Management LP acquired a new position in shares of Unum Group (NYSE:UNM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 155,752 shares of the financial services provider’s stock, valued at approximately $8,513,000. Unum Group comprises approximately 2.9% of Prana Capital Management LP’s portfolio, making the stock its 12th biggest holding. Prana Capital Management LP owned approximately 0.07% of Unum Group as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Cerebellum GP LLC bought a new position in shares of Unum Group during the fourth quarter worth about $125,000. Pinebridge Investments L.P. raised its position in shares of Unum Group by 160.9% during the fourth quarter. Pinebridge Investments L.P. now owns 2,930 shares of the financial services provider’s stock worth $161,000 after acquiring an additional 1,807 shares during the last quarter. Invictus RG bought a new position in shares of Unum Group during the third quarter worth about $176,000. Lakeview Capital Partners LLC bought a new position in shares of Unum Group during the fourth quarter worth about $206,000. Finally, First City Capital Management Inc. bought a new position in shares of Unum Group during the fourth quarter worth about $207,000. Institutional investors own 92.98% of the company’s stock.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Unum Group from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Friday, January 12th. SunTrust Banks reiterated a “buy” rating and issued a $69.00 target price on shares of Unum Group in a report on Thursday, January 11th. Wells Fargo & Co set a $56.00 target price on Unum Group and gave the stock a “hold” rating in a report on Wednesday, December 13th. Langen Mcalenn reiterated a “neutral” rating on shares of Unum Group in a report on Tuesday, January 16th. Finally, Deutsche Bank began coverage on Unum Group in a report on Tuesday, January 2nd. They issued a “hold” rating and a $58.00 target price for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $56.75.
Unum Group (NYSE:UNM) last announced its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.13 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter last year, the firm posted $0.99 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. equities research analysts expect that Unum Group will post 5.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Monday, January 29th were paid a $0.23 dividend. The ex-dividend date was Friday, January 26th. This represents a $0.92 dividend on an annualized basis and a yield of 1.80%. Unum Group’s dividend payout ratio (DPR) is presently 21.00%.
In related news, CFO John F. Mcgarry sold 4,588 shares of Unum Group stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $58.19, for a total transaction of $266,975.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders sold 28,288 shares of company stock valued at $1,518,765 in the last three months. Insiders own 0.53% of the company’s stock.
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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