Sumitomo Mitsui Asset Management Company LTD boosted its position in Unum Group (NYSE:UNM) by 10.8% during the first quarter, Holdings Channel reports. The fund owned 19,728 shares of the financial services provider’s stock after buying an additional 1,923 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Unum Group were worth $925,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Investec Asset Management LTD bought a new stake in shares of Unum Group during the fourth quarter valued at about $84,623,000. AQR Capital Management LLC increased its stake in shares of Unum Group by 37.0% in the fourth quarter. AQR Capital Management LLC now owns 4,304,415 shares of the financial services provider’s stock valued at $189,093,000 after buying an additional 1,163,389 shares in the last quarter. Norges Bank bought a new stake in shares of Unum Group during the fourth quarter valued at about $49,767,000. State Street Corp increased its stake in shares of Unum Group by 9.3% in the fourth quarter. State Street Corp now owns 11,545,514 shares of the financial services provider’s stock valued at $507,191,000 after buying an additional 983,874 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Unum Group by 37.2% in the first quarter. Bank of Montreal Can now owns 3,594,160 shares of the financial services provider’s stock valued at $168,531,000 after buying an additional 974,090 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.
Unum Group (NYSE:UNM) traded down 0.61% during trading on Friday, reaching $45.92. The company had a trading volume of 69,298 shares. The firm has a market capitalization of $10.48 billion, a price-to-earnings ratio of 11.27 and a beta of 1.54. The stock has a 50 day moving average price of $46.19 and a 200 day moving average price of $44.72. Unum Group has a 12 month low of $29.79 and a 12 month high of $50.27.
Unum Group (NYSE:UNM) last released its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.02. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.84 billion. Unum Group had a return on equity of 10.18% and a net margin of 8.43%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 earnings per share. On average, equities research analysts predict that Unum Group will post $4.10 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 19th. Shareholders of record on Friday, April 28th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Wednesday, April 26th. Unum Group’s payout ratio is 20.20%.
Several analysts have recently issued reports on the company. Citigroup Inc downgraded Unum Group from a “buy” rating to a “neutral” rating and set a $53.00 price objective on the stock. in a research report on Monday, March 13th. Barclays PLC restated a “buy” rating and issued a $56.00 price objective on shares of Unum Group in a research report on Sunday, February 19th. Royal Bank of Canada restated a “hold” rating and issued a $50.00 price objective on shares of Unum Group in a research report on Friday, April 28th. FBR & Co restated a “sell” rating on shares of Unum Group in a research report on Thursday, February 2nd. Finally, Deutsche Bank AG upped their price objective on Unum Group from $46.00 to $48.00 and gave the company a “hold” rating in a research report on Wednesday, April 19th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.55.
In other Unum Group news, EVP Timothy Gerald Arnold sold 2,000 shares of Unum Group stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $48.54, for a total transaction of $97,080.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Q. Simonds sold 5,000 shares of Unum Group stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $46.61, for a total value of $233,050.00. The disclosure for this sale can be found here. Insiders have sold 7,260 shares of company stock worth $342,204 over the last ninety days. Company insiders own 0.62% of the company’s stock.
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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