Virginia Retirement Systems ET AL decreased its stake in shares of Unum Group (NYSE:UNM) by 16.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 173,200 shares of the company’s stock after selling 34,900 shares during the period. Virginia Retirement Systems ET AL’s holdings in Unum Group were worth $6,116,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. Mizuho Asset Management Co. Ltd. raised its stake in shares of Unum Group by 100.7% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,876 shares of the company’s stock valued at $123,000 after buying an additional 1,945 shares in the last quarter. Johnson Financial Group Inc. raised its stake in shares of Unum Group by 514.2% in the second quarter. Johnson Financial Group Inc. now owns 3,906 shares of the company’s stock valued at $124,000 after buying an additional 3,270 shares in the last quarter. Bellwether Investment Group LLC acquired a new stake in shares of Unum Group during the second quarter valued at about $133,000. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Unum Group during the second quarter valued at about $134,000. Finally, Pacer Advisors Inc. raised its stake in shares of Unum Group by 9.8% in the second quarter. Pacer Advisors Inc. now owns 4,288 shares of the company’s stock valued at $136,000 after buying an additional 384 shares in the last quarter. 92.75% of the stock is owned by hedge funds and other institutional investors.
Unum Group (NYSE:UNM) opened at 45.02 on Friday. The company has a market cap of $10.45 billion, a P/E ratio of 11.81 and a beta of 1.56. The firm has a 50-day moving average price of $43.83 and a 200 day moving average price of $37.28. Unum Group has a 52 week low of $23.99 and a 52 week high of $45.47.
Unum Group (NYSE:UNM) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.04. Unum Group had a return on equity of 10.24% and a net margin of 8.29%. The firm earned $2.76 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter in the previous year, the business earned $0.83 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. Analysts expect that Unum Group will post $3.90 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 17th. Stockholders of record on Monday, January 30th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, January 26th. Unum Group’s dividend payout ratio is currently 20.94%.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Unum Group from a “buy” rating to a “hold” rating in a research report on Thursday, December 1st. RBC Capital Markets reaffirmed a “sector perform” rating on shares of Unum Group in a research report on Friday, December 9th. Royal Bank Of Canada lowered Unum Group from an “outperform” rating to a “sector perform” rating and set a $43.00 target price for the company. in a research report on Friday, December 9th. Barclays PLC reaffirmed a “buy” rating and set a $50.00 target price on shares of Unum Group in a research report on Monday, January 9th. Finally, FBR & Co raised their target price on Unum Group from $31.00 to $40.00 and gave the company an “underperform” rating in a research report on Monday, November 28th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $39.54.
In other news, EVP Christopher J. Jerome sold 8,000 shares of the business’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $41.49, for a total value of $331,920.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO John F. Mcgarry sold 12,000 shares of the business’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $41.44, for a total value of $497,280.00. The disclosure for this sale can be found here. Insiders sold 198,927 shares of company stock valued at $7,191,844 in the last 90 days. Company insiders own 0.62% of the company’s stock.
Unum Group Company Profile
Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The Company provides a portfolio of other insurance products, including employer and employee paid group benefits, life insurance and other related services. Its segments are Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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