Pitcairn Co. decreased its position in shares of Unum Group (NYSE:UNM) by 38.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,953 shares of the financial services provider’s stock after selling 6,225 shares during the quarter. Pitcairn Co.’s holdings in Unum Group were worth $547,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. California Public Employees Retirement System raised its position in shares of Unum Group by 3.7% in the 3rd quarter. California Public Employees Retirement System now owns 785,277 shares of the financial services provider’s stock worth $40,151,000 after acquiring an additional 27,791 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Unum Group by 6.8% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 914,985 shares of the financial services provider’s stock worth $46,783,000 after acquiring an additional 58,117 shares in the last quarter. State of Tennessee Treasury Department raised its position in shares of Unum Group by 34.6% in the 4th quarter. State of Tennessee Treasury Department now owns 134,707 shares of the financial services provider’s stock worth $7,394,000 after acquiring an additional 34,610 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Unum Group by 9.1% in the 3rd quarter. Wells Fargo & Company MN now owns 766,453 shares of the financial services provider’s stock worth $39,190,000 after acquiring an additional 63,792 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. bought a new position in shares of Unum Group in the 4th quarter worth about $647,000. 92.98% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Unum Group (NYSE:UNM) traded down $0.81 during midday trading on Wednesday, hitting $49.51. The stock had a trading volume of 1,108,480 shares, compared to its average volume of 1,820,893. Unum Group has a 12-month low of $43.55 and a 12-month high of $58.73. The stock has a market cap of $11,215.73, a P/E ratio of 11.30, a PEG ratio of 1.40 and a beta of 1.49. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.17 and a quick ratio of 0.17.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Monday, January 29th were paid a $0.23 dividend. The ex-dividend date was Friday, January 26th. This represents a $0.92 annualized dividend and a yield of 1.86%. Unum Group’s payout ratio is 21.00%.
In related news, SVP Daniel Jason Waxenberg sold 1,435 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $52.36, for a total value of $75,136.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Christopher J. Jerome sold 7,806 shares of the business’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $50.90, for a total transaction of $397,325.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,288 shares of company stock worth $1,518,765. 0.53% of the stock is owned by company insiders.
A number of brokerages recently commented on UNM. Zacks Investment Research lowered Unum Group from a “buy” rating to a “hold” rating in a research report on Tuesday. UBS Group began coverage on Unum Group in a research report on Friday, March 2nd. They issued a “neutral” rating and a $57.00 target price for the company. SunTrust Banks reaffirmed a “buy” rating and issued a $69.00 target price on shares of Unum Group in a research report on Thursday, January 11th. Langen Mcalenn reaffirmed a “neutral” rating on shares of Unum Group in a research report on Tuesday, January 16th. Finally, Deutsche Bank started coverage on Unum Group in a report on Tuesday, January 2nd. They set a “hold” rating and a $58.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Unum Group presently has a consensus rating of “Hold” and an average target price of $57.09.
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Unum Group Company 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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