Great West Life Assurance Co. Can lowered its holdings in Unum Group (NYSE:UNM) by 4.5% in the 3rd quarter, Holdings Channel reports. The firm owned 228,208 shares of the financial services provider’s stock after selling 10,731 shares during the period. Great West Life Assurance Co. Can’s holdings in Unum Group were worth $8,923,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of UNM. Stratos Wealth Partners LTD. purchased a new position in shares of Unum Group in the third quarter worth $117,000. Signaturefd LLC raised its stake in shares of Unum Group by 95.1% in the second quarter. Signaturefd LLC now owns 3,313 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 1,615 shares during the last quarter. Focused Wealth Management Inc raised its stake in shares of Unum Group by 12,500.0% in the second quarter. Focused Wealth Management Inc now owns 3,528 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 3,500 shares during the last quarter. Tuttle Tactical Management purchased a new position in shares of Unum Group in the second quarter worth $166,000. Finally, Exane Asset Management purchased a new position in shares of Unum Group in the second quarter worth $195,000. Hedge funds and other institutional investors own 90.38% of the company’s stock.
Several research firms have recently weighed in on UNM. TheStreet cut Unum Group from a “b-” rating to a “c+” rating in a research note on Wednesday, October 24th. Zacks Investment Research upgraded Unum Group from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Friday, October 12th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $53.08.
Unum Group stock opened at $32.25 on Friday. The firm 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. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.18 and a quick ratio of 0.18. Unum Group has a one year low of $31.43 and a one year high of $58.73.
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 analysts’ consensus estimates of $1.29 by $0.08. The company had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Unum Group had a return on equity of 12.06% and a net margin of 4.68%. As a group, research analysts anticipate that Unum Group will post 5.22 earnings per share for the current year.
The company also recently disclosed 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. This represents a $1.04 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date was Friday, October 26th. Unum Group’s dividend payout ratio (DPR) is presently 24.24%.
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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