Strs Ohio raised its stake in shares of Unum Group (NYSE:UNM – Get Rating) by 3.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 49,575 shares of the financial services provider’s stock after purchasing an additional 1,643 shares during the period. Strs Ohio’s holdings in Unum Group were worth $1,562,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. CIBC Asset Management Inc grew its holdings in Unum Group by 4.2% during the fourth quarter. CIBC Asset Management Inc now owns 8,993 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 364 shares during the period. Koshinski Asset Management Inc. grew its holdings in Unum Group by 50.9% during the first quarter. Koshinski Asset Management Inc. now owns 1,132 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 382 shares during the period. First Republic Investment Management Inc. grew its holdings in Unum Group by 2.3% during the fourth quarter. First Republic Investment Management Inc. now owns 17,760 shares of the financial services provider’s stock valued at $436,000 after purchasing an additional 402 shares during the period. Dumont & Blake Investment Advisors LLC grew its holdings in Unum Group by 2.5% during the fourth quarter. Dumont & Blake Investment Advisors LLC now owns 19,399 shares of the financial services provider’s stock valued at $477,000 after purchasing an additional 474 shares during the period. Finally, Louisiana State Employees Retirement System grew its holdings in Unum Group by 1.0% during the fourth quarter. Louisiana State Employees Retirement System now owns 52,600 shares of the financial services provider’s stock valued at $1,292,000 after purchasing an additional 500 shares during the period. 85.36% of the stock is owned by institutional investors and hedge funds.
In other Unum Group news, CAO Cherie Pashley sold 7,033 shares of the company’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $35.68, for a total transaction of $250,937.44. Following the sale, the chief accounting officer now directly owns 18,413 shares in the company, valued at $656,975.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christopher W. Pyne sold 7,149 shares of the company’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $35.13, for a total value of $251,144.37. Following the sale, the executive vice president now owns 50,781 shares in the company, valued at $1,783,936.53. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,453 shares of company stock worth $2,765,621. Company insiders own 0.77% of the company’s stock.
NYSE:UNM opened at $33.54 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $6.74 billion, a P/E ratio of 7.42, a P/E/G ratio of 0.54 and a beta of 1.38. Unum Group has a 12 month low of $22.25 and a 12 month high of $37.49. The business’s 50-day moving average is $34.45 and its 200 day moving average is $30.70.
Unum Group (NYSE:UNM – Get Rating) last posted its earnings results on Thursday, May 5th. The financial services provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.55. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $3.02 billion. Unum Group had a return on equity of 8.67% and a net margin of 7.75%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.04 earnings per share. On average, research analysts forecast that Unum Group will post 5.2 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 20th. Investors of record on Friday, April 29th were given a $0.30 dividend. The ex-dividend date was Thursday, April 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.58%. Unum Group’s dividend payout ratio is currently 26.55%.
Several analysts have issued reports on the company. Evercore ISI boosted their price target on Unum Group from $35.00 to $37.00 and gave the company an “in-line” rating in a report on Wednesday, July 6th. Credit Suisse Group boosted their price objective on Unum Group from $18.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, June 29th. StockNews.com upgraded Unum Group from a “hold” rating to a “buy” rating in a research report on Thursday, May 12th. JPMorgan Chase & Co. boosted their price objective on Unum Group from $34.00 to $36.00 in a research report on Monday. Finally, Morgan Stanley lowered their price objective on Unum Group from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $32.44.
Unum Group Company Profile (Get Rating)
Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, and Poland. It operates through Unum US, Unum International, 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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