LS Investment Advisors LLC decreased its stake in shares of Unum Group (NYSE:UNM) by 27.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,559 shares of the financial services provider’s stock after selling 3,663 shares during the quarter. LS Investment Advisors LLC’s holdings in Unum Group were worth $525,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of UNM. Macquarie Group Ltd. increased its holdings in Unum Group by 11.9% during the 2nd quarter. Macquarie Group Ltd. now owns 93,900 shares of the financial services provider’s stock worth $4,379,000 after purchasing an additional 10,000 shares during the period. Gotham Asset Management LLC increased its holdings in Unum Group by 0.8% during the 2nd quarter. Gotham Asset Management LLC now owns 4,475 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 35 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Unum Group during the 2nd quarter worth about $489,000. The Manufacturers Life Insurance Company boosted its position in shares of Unum Group by 11.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 273,147 shares of the financial services provider’s stock worth $12,736,000 after acquiring an additional 28,259 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Unum Group by 119.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 22,366 shares of the financial services provider’s stock worth $1,043,000 after acquiring an additional 12,195 shares in the last quarter. Institutional investors own 90.62% of the company’s stock.
Several research analysts have recently issued reports on UNM shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $53.00 price objective on shares of Unum Group in a research report on Friday, November 10th. B. Riley raised Unum Group from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $43.00 to $52.00 in a research report on Monday, November 6th. Royal Bank of Canada reaffirmed a “hold” rating and set a $52.00 price objective on shares of Unum Group in a research report on Friday, October 27th. Deutsche Bank started coverage on Unum Group in a research report on Tuesday, January 2nd. They set a “hold” rating and a $58.00 price objective for the company. Finally, Zacks Investment Research cut Unum Group from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $56.73.
Unum Group (NYSE:UNM) last announced its earnings results on Wednesday, January 31st. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Unum Group had a return on equity of 10.43% and a net margin of 8.81%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 EPS. research analysts anticipate that Unum Group will post 5.17 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Monday, January 29th were given a $0.23 dividend. The ex-dividend date was Friday, January 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.75%. Unum Group’s dividend payout ratio (DPR) is presently 21.00%.
In related news, EVP Lisa G. Iglesias sold 8,459 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $54.83, for a total value of $463,806.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy Gerald Arnold sold 1,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $55.07, for a total value of $55,070.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,047 shares of company stock valued at $1,046,303. Insiders own 0.53% of the company’s stock.
Unum Group Profile
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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