Mcclain Value Management LLC lifted its stake in shares of Unum Group (NYSE:UNM) by 38.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 182,693 shares of the financial services provider’s stock after buying an additional 50,703 shares during the period. Unum Group comprises approximately 6.9% of Mcclain Value Management LLC’s investment portfolio, making the stock its 4th biggest position. Mcclain Value Management LLC owned approximately 0.09% of Unum Group worth $5,430,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the company. Hartford Financial Management Inc. bought a new stake in shares of Unum Group in the second quarter worth $30,000. Mechanics Bank Trust Department bought a new stake in shares of Unum Group in the third quarter worth $30,000. Stonebridge Capital Advisors LLC bought a new stake in shares of Unum Group in the second quarter worth $35,000. Usca Ria LLC bought a new stake in shares of Unum Group in the third quarter worth $36,000. Finally, CSat Investment Advisory L.P. grew its stake in shares of Unum Group by 55.8% in the second quarter. CSat Investment Advisory L.P. now owns 1,613 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 578 shares during the last quarter. Institutional investors own 95.40% of the company’s stock.
Shares of Unum Group stock traded up $0.24 during trading on Friday, hitting $30.00. The company’s stock had a trading volume of 1,209,838 shares, compared to its average volume of 1,937,020. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a market cap of $6.17 billion, a price-to-earnings ratio of 5.77, a price-to-earnings-growth ratio of 0.61 and a beta of 1.57. The stock has a 50-day moving average price of $28.56 and a two-hundred day moving average price of $31.07. Unum Group has a 52 week low of $24.71 and a 52 week high of $38.84.
Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $1.36 EPS for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.01). The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.02 billion. Unum Group had a net margin of 8.89% and a return on equity of 12.31%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company posted $1.37 EPS. On average, equities analysts predict that Unum Group will post 5.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, October 28th will be given a dividend of $0.285 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.14 dividend on an annualized basis and a yield of 3.80%. Unum Group’s dividend payout ratio (DPR) is currently 21.92%.
Several analysts recently weighed in on the stock. Citigroup reduced their price objective on shares of Unum Group from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. Barclays set a $36.00 price objective on shares of Unum Group and gave the stock a “buy” rating in a research note on Monday, August 12th. ValuEngine raised shares of Unum Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley reduced their price objective on shares of Unum Group from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $37.00.
About Unum Group
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.
See Also: Retained Earnings
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