Mackay Shields LLC grew its position in Unum Group (NYSE:UNM) by 114.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,252 shares of the financial services provider’s stock after buying an additional 80,690 shares during the quarter. Mackay Shields LLC owned 0.07% of Unum Group worth $4,495,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of UNM. Donald Smith & CO. Inc. lifted its holdings in Unum Group by 6.2% during the 3rd quarter. Donald Smith & CO. Inc. now owns 5,872,187 shares of the financial services provider’s stock worth $174,521,000 after buying an additional 343,265 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in Unum Group by 42.1% during the 3rd quarter. IFM Investors Pty Ltd now owns 19,777 shares of the financial services provider’s stock worth $588,000 after buying an additional 5,857 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in Unum Group by 13.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 1,003,496 shares of the financial services provider’s stock worth $29,824,000 after buying an additional 122,467 shares during the last quarter. Sigma Planning Corp lifted its holdings in Unum Group by 13.4% during the 3rd quarter. Sigma Planning Corp now owns 11,403 shares of the financial services provider’s stock worth $339,000 after buying an additional 1,344 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Unum Group by 6.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 222,289 shares of the financial services provider’s stock worth $6,593,000 after buying an additional 13,537 shares during the last quarter. 95.40% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have issued reports on UNM. Citigroup decreased their price target on Unum Group from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, September 13th. ValuEngine raised Unum Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Morgan Stanley reduced their target price on Unum Group from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, August 20th. Finally, Barclays set a $36.00 target price on Unum Group and gave the company a “buy” rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $37.00.
Shares of Unum Group stock traded up $0.24 on Friday, hitting $30.00. The stock had a trading volume of 1,145,372 shares, compared to its average volume of 1,937,020. Unum Group has a 52-week low of $24.71 and a 52-week high of $38.84. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.32. The stock has a market cap of $6.17 billion, a price-to-earnings ratio of 5.77, a P/E/G ratio of 0.61 and a beta of 1.57. The company’s 50 day moving average price is $28.56 and its 200 day moving average price is $31.04.
Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $1.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.01). Unum Group had a net margin of 8.89% and a return on equity of 12.31%. The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the previous year, the firm posted $1.37 earnings per share. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. Analysts predict that Unum Group will post 5.43 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, October 28th will be given a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Friday, October 25th. Unum Group’s dividend payout ratio (DPR) is presently 21.92%.
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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