Unigestion Holding SA lowered its position in shares of Unum Group (NYSE:UNM) by 11.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,672 shares of the financial services provider’s stock after selling 16,465 shares during the quarter. Unigestion Holding SA owned about 0.06% of Unum Group worth $4,832,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of UNM. DnB Asset Management AS bought a new stake in Unum Group during the second quarter valued at $935,000. IFM Investors Pty Ltd boosted its position in Unum Group by 43.5% during the second quarter. IFM Investors Pty Ltd now owns 11,567 shares of the financial services provider’s stock valued at $428,000 after acquiring an additional 3,506 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Unum Group by 21.6% during the second quarter. State of Alaska Department of Revenue now owns 59,340 shares of the financial services provider’s stock valued at $2,194,000 after acquiring an additional 10,560 shares during the last quarter. Gateway Investment Advisers LLC bought a new stake in Unum Group during the second quarter valued at $349,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Unum Group by 14.7% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 71,697 shares of the financial services provider’s stock valued at $2,652,000 after acquiring an additional 9,177 shares during the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE UNM opened at $37.71 on Friday. Unum Group has a 1-year low of $33.27 and a 1-year high of $58.73. The stock has a market cap of $8.32 billion, a PE ratio of 7.55, a P/E/G ratio of 0.81 and a beta of 1.32. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.35.
Unum Group (NYSE:UNM) last posted its earnings results on Wednesday, October 24th. The financial services provider reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.08. Unum Group had a net margin of 4.68% and a return on equity of 12.06%. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.89 billion. Equities analysts anticipate that Unum Group will post 5.22 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 16th. Investors of record on Monday, October 29th will be issued a $0.26 dividend. The ex-dividend date is Friday, October 26th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.76%. Unum Group’s dividend payout ratio is presently 24.24%.
UNM has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Unum Group from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Friday, October 12th. TheStreet cut shares of Unum Group from a “b-” rating to a “c+” rating in a research report on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $53.08.
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Unum Group Company 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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