Great West Life Assurance Co. Can reduced its holdings in Unum Group (NYSE:UNM) by 4.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 228,208 shares of the financial services provider’s stock after selling 10,731 shares during the quarter. Great West Life Assurance Co. Can owned about 0.10% of Unum Group worth $8,923,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Vident Investment Advisory LLC grew its position in shares of Unum Group by 3.1% in the 2nd quarter. Vident Investment Advisory LLC now owns 64,390 shares of the financial services provider’s stock worth $2,381,000 after buying an additional 1,910 shares during the last quarter. Worldquant Millennium Quantitative Strategies LLC bought a new stake in shares of Unum Group in the 2nd quarter worth approximately $1,643,000. Strs Ohio grew its position in shares of Unum Group by 1,086.6% in the 2nd quarter. Strs Ohio now owns 374,366 shares of the financial services provider’s stock worth $13,847,000 after buying an additional 342,817 shares during the last quarter. Aperio Group LLC grew its position in shares of Unum Group by 16.3% in the 3rd quarter. Aperio Group LLC now owns 284,119 shares of the financial services provider’s stock worth $11,101,000 after buying an additional 39,771 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in shares of Unum Group by 2.1% in the 2nd quarter. California Public Employees Retirement System now owns 763,264 shares of the financial services provider’s stock worth $28,233,000 after buying an additional 15,604 shares during the last quarter. Hedge funds and other institutional investors own 90.38% of the company’s stock.
NYSE UNM opened at $32.25 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.18 and a current ratio of 0.18. Unum Group has a twelve month low of $31.43 and a twelve month high of $58.73. The company has a market cap of $7.35 billion, a P/E ratio of 7.52, a PEG ratio of 0.72 and a beta of 1.30.
Unum Group (NYSE:UNM) last released its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.89 billion. Research analysts predict that Unum Group will post 5.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 16th. Investors of record on Monday, October 29th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, October 26th. This represents a $1.04 annualized dividend and a dividend yield of 3.22%. Unum Group’s dividend payout ratio is presently 24.24%.
Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded 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 lowered 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 given a hold rating and four have given a buy rating to the company’s stock. Unum Group presently has a consensus rating of “Hold” and a consensus target price of $53.08.
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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