Wells Fargo & Company MN raised its stake in shares of Unum Group (NYSE:UNM) by 9.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 766,453 shares of the financial services provider’s stock after purchasing an additional 63,792 shares during the period. Wells Fargo & Company MN owned 0.34% of Unum Group worth $39,190,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. BB&T Investment Services Inc. acquired a new position in Unum Group during the second quarter valued at approximately $100,000. Jacobi Capital Management LLC bought a new stake in shares of Unum Group in the second quarter valued at approximately $159,000. Keel Point LLC bought a new stake in shares of Unum Group in the third quarter valued at approximately $202,000. Schulhoff & Co. Inc. bought a new stake in shares of Unum Group in the third quarter valued at approximately $204,000. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of Unum Group in the third quarter valued at approximately $205,000. Institutional investors own 91.77% of the company’s stock.
Several research firms have recently weighed in on UNM. Zacks Investment Research cut Unum Group from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. BidaskClub cut Unum Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 17th. Wells Fargo & Company set a $48.00 price objective on Unum Group and gave the company a “hold” rating in a research report on Wednesday, October 25th. SunTrust Banks reissued a “buy” rating and issued a $62.00 price objective on shares of Unum Group in a research report on Friday, October 27th. Finally, ValuEngine raised Unum Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $53.27.
Shares of Unum Group (NYSE:UNM) traded down $0.84 during mid-day trading on Tuesday, reaching $56.65. The company had a trading volume of 1,292,400 shares, compared to its average volume of 1,172,576. The company has a market capitalization of $12,640.00, a PE ratio of 13.82, a P/E/G ratio of 1.94 and a beta of 1.66. Unum Group has a 52-week low of $42.90 and a 52-week high of $57.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.17 and a current ratio of 0.17.
Unum Group (NYSE:UNM) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.04 by $0.05. The firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Unum Group had a return on equity of 10.37% and a net margin of 8.67%. Unum Group’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business earned $1.01 earnings per share. research analysts anticipate that Unum Group will post 4.23 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Monday, October 30th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, October 27th. This represents a $0.92 annualized dividend and a yield of 1.62%. Unum Group’s dividend payout ratio (DPR) is currently 21.60%.
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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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