Sullivan Bruyette Speros & Blaney LLC lifted its position in shares of Unum Group (NYSE:UNM) by 5.4% in the first quarter, Holdings Channel reports. The institutional investor owned 22,810 shares of the financial services provider’s stock after acquiring an additional 1,168 shares during the quarter. Sullivan Bruyette Speros & Blaney LLC’s holdings in Unum Group were worth $772,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in UNM. BlackRock Inc. raised its position in shares of Unum Group by 21.5% in the fourth quarter. BlackRock Inc. now owns 19,837,098 shares of the financial services provider’s stock valued at $582,815,000 after buying an additional 3,516,140 shares during the last quarter. Donald Smith & CO. Inc. raised its position in shares of Unum Group by 4.5% in the fourth quarter. Donald Smith & CO. Inc. now owns 5,805,447 shares of the financial services provider’s stock valued at $170,564,000 after purchasing an additional 250,095 shares during the period. LSV Asset Management raised its position in shares of Unum Group by 1.4% in the fourth quarter. LSV Asset Management now owns 5,606,649 shares of the financial services provider’s stock valued at $164,723,000 after purchasing an additional 76,984 shares during the period. Dimensional Fund Advisors LP boosted its stake in Unum Group by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,875,403 shares of the financial services provider’s stock worth $143,237,000 after buying an additional 396,764 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Unum Group by 15.1% in the 4th quarter. Geode Capital Management LLC now owns 3,344,324 shares of the financial services provider’s stock valued at $98,111,000 after purchasing an additional 438,390 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.
UNM stock traded down $0.46 during midday trading on Wednesday, hitting $34.85. The company’s stock had a trading volume of 35,755 shares, compared to its average volume of 1,966,454. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. Unum Group has a 1 year low of $26.76 and a 1 year high of $41.28. The stock has a market cap of $7.37 billion, a P/E ratio of 6.68, a P/E/G ratio of 0.71 and a beta of 1.48.
Unum Group (NYSE:UNM) last posted its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.31 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.31. Unum Group had a return on equity of 12.91% and a net margin of 4.54%. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. As a group, analysts forecast that Unum Group will post 5.45 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Monday, April 29th were given a $0.26 dividend. The ex-dividend date of this dividend was Friday, April 26th. This represents a $1.04 annualized dividend and a yield of 2.98%. Unum Group’s dividend payout ratio is currently 20.00%.
Several equities research analysts have recently commented on UNM shares. TheStreet upgraded shares of Unum Group from a “c+” rating to a “b” rating in a research note on Friday, March 8th. Zacks Investment Research cut Unum Group from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Finally, ValuEngine raised Unum Group from a “strong sell” rating to a “sell” rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $48.40.
Unum Group 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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