Canada Pension Plan Investment Board lifted its holdings in Unum Group (NYSE:UNM) by 573.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 401,005 shares of the financial services provider’s stock after buying an additional 341,500 shares during the period. Canada Pension Plan Investment Board owned approximately 0.18% of Unum Group worth $15,667,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Stratos Wealth Partners LTD. purchased a new position in shares of Unum Group in the 3rd quarter worth approximately $117,000. Signaturefd LLC boosted its stake in shares of Unum Group by 95.1% in the 2nd quarter. Signaturefd LLC now owns 3,313 shares of the financial services provider’s stock worth $123,000 after buying an additional 1,615 shares during the last quarter. Focused Wealth Management Inc boosted its stake in shares of Unum Group by 12,500.0% in the 2nd quarter. Focused Wealth Management Inc now owns 3,528 shares of the financial services provider’s stock worth $131,000 after buying an additional 3,500 shares during the last quarter. Tuttle Tactical Management purchased a new position in shares of Unum Group in the 2nd quarter worth approximately $166,000. Finally, Everence Capital Management Inc. purchased a new position in shares of Unum Group in the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 90.41% of the company’s stock.
Shares of NYSE UNM opened at $35.91 on Monday. Unum Group has a twelve month low of $33.27 and a twelve month high of $58.73. The company has a market capitalization of $7.86 billion, a PE ratio of 8.37, a price-to-earnings-growth ratio of 0.76 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 quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.37 EPS for the quarter, beating the consensus estimate of $1.29 by $0.08. Unum Group had a return on equity of 12.06% and a net margin of 4.68%. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.89 billion. On average, analysts forecast that Unum Group will post 5.22 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 16th. Investors of record on Monday, October 29th were paid a $0.26 dividend. The ex-dividend date was Friday, October 26th. This represents a $1.04 annualized dividend and a yield of 2.90%. Unum Group’s payout ratio is 24.24%.
A number of equities analysts have recently weighed in on UNM shares. Zacks Investment Research upgraded Unum Group from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Friday, October 12th. TheStreet downgraded Unum Group from a “b-” rating to a “c+” rating in a research note on Wednesday, October 24th. Two 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 stock presently has an average rating of “Hold” and an average price target 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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