Jaffetilchin Investment Partners LLC trimmed its position in Unum Group (NYSE:UNM) by 37.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,275 shares of the financial services provider’s stock after selling 3,758 shares during the quarter. Jaffetilchin Investment Partners LLC owned about 2,796.47% of Unum Group worth $321,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its stake in shares of Unum Group by 76.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 86,275 shares of the financial services provider’s stock worth $4,411,000 after buying an additional 37,402 shares during the last quarter. USA Financial Portformulas Corp acquired a new position in Unum Group during the 3rd quarter valued at $519,000. State of Wisconsin Investment Board raised its stake in Unum Group by 8.6% during the 3rd quarter. State of Wisconsin Investment Board now owns 223,733 shares of the financial services provider’s stock valued at $11,439,000 after purchasing an additional 17,790 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in Unum Group by 3.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 692,202 shares of the financial services provider’s stock valued at $35,392,000 after purchasing an additional 21,055 shares during the last quarter. Finally, Dupont Capital Management Corp raised its stake in Unum Group by 132.0% during the 3rd quarter. Dupont Capital Management Corp now owns 105,422 shares of the financial services provider’s stock valued at $5,390,000 after purchasing an additional 59,973 shares during the last quarter. Institutional investors and hedge funds own 93.85% of the company’s stock.
In other Unum Group news, Director E Michael Caulfield sold 3,814 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $52.42, for a total transaction of $199,929.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.53% of the company’s stock.
Several brokerages have issued reports on UNM. Barclays PLC boosted their price target on shares of Unum Group from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, August 11th. B. Riley raised shares of Unum Group from a “sell” rating to a “neutral” rating and boosted their price target for the company from $43.00 to $52.00 in a report on Monday, November 6th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $53.00 price target on shares of Unum Group in a report on Friday. BidaskClub raised shares of Unum Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research lowered shares of Unum Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $51.38.
Unum Group (UNM) opened at $52.42 on Friday. The stock has a market cap of $11,787.16, a PE ratio of 12.63, a P/E/G ratio of 1.77 and a beta of 1.65. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.29. Unum Group has a 52-week low of $39.63 and a 52-week high of $53.36.
Unum Group (NYSE:UNM) last released its earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. Unum Group had a net margin of 8.67% and a return on equity of 10.37%. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the prior year, the company posted $1.01 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. analysts forecast that Unum Group will post 4.24 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Monday, October 30th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, October 27th. This represents a $0.92 dividend on an annualized basis and a yield of 1.76%. Unum Group’s payout ratio is presently 21.60%.
About Unum Group
Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company’s products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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