Crestline Management LP acquired a new stake in Unum Group (NYSE:UNM) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 70,963 shares of the financial services provider’s stock, valued at approximately $3,895,000. Unum Group makes up about 0.4% of Crestline Management LP’s portfolio, making the stock its 20th biggest holding.
A number of other institutional investors and hedge funds also recently bought and sold shares of UNM. Investec Asset Management LTD lifted its position in Unum Group by 128.2% in the 4th quarter. Investec Asset Management LTD now owns 4,316,708 shares of the financial services provider’s stock valued at $236,944,000 after acquiring an additional 2,425,302 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Unum Group by 21.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,944,398 shares of the financial services provider’s stock valued at $150,548,000 after acquiring an additional 515,351 shares in the last quarter. APG Asset Management N.V. lifted its position in Unum Group by 44.7% in the 4th quarter. APG Asset Management N.V. now owns 1,343,609 shares of the financial services provider’s stock valued at $61,418,000 after acquiring an additional 415,200 shares in the last quarter. Allianz Asset Management GmbH lifted its position in Unum Group by 39.0% in the 4th quarter. Allianz Asset Management GmbH now owns 1,209,637 shares of the financial services provider’s stock valued at $66,397,000 after acquiring an additional 339,361 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its position in Unum Group by 47.8% in 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. 92.98% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently commented on UNM. Zacks Investment Research cut shares of Unum Group from a “buy” rating to a “hold” rating in a research report on Tuesday. UBS Group assumed coverage on shares of Unum Group in a research note on Friday, March 2nd. They issued a “neutral” rating and a $57.00 price target on the stock. B. Riley upgraded shares of Unum Group from a “neutral” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Tuesday, February 13th. Royal Bank of Canada reiterated a “hold” rating and issued a $54.00 price target on shares of Unum Group in a research note on Thursday, February 1st. Finally, Langen Mcalenn reiterated a “neutral” rating on shares of Unum Group in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $57.09.
Shares of Unum Group (UNM) traded down $0.11 during mid-day trading on Wednesday, reaching $50.21. 38,570 shares of the company’s stock traded hands, compared to its average volume of 1,798,800. 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 12-month low of $43.55 and a 12-month high of $58.73. The firm has a market cap of $11,215.73, a price-to-earnings ratio of 11.82, a P/E/G ratio of 1.40 and a beta of 1.49.
Unum Group (NYSE:UNM) last issued 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 analyst estimates of $2.84 billion. Unum Group had a net margin of 8.81% and a return on equity of 10.43%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 EPS. equities analysts expect that Unum Group will post 5.17 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Monday, January 29th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, January 26th. This represents a $0.92 annualized dividend and a dividend yield of 1.83%. Unum Group’s dividend payout ratio is presently 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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