Texas Permanent School Fund lowered its position in shares of Unum Group (NYSE:UNM) by 4.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 38,863 shares of the financial services provider’s stock after selling 1,998 shares during the period. Texas Permanent School Fund’s holdings in Unum Group were worth $1,155,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Unum Group by 5.4% during the second quarter. Vanguard Group Inc. now owns 23,945,430 shares of the financial services provider’s stock valued at $803,370,000 after purchasing an additional 1,218,617 shares in the last quarter. Bank of Nova Scotia raised its position in shares of Unum Group by 376.8% during the second quarter. Bank of Nova Scotia now owns 3,369,146 shares of the financial services provider’s stock valued at $10,733,000 after buying an additional 2,662,577 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Unum Group by 66.7% during the second quarter. AQR Capital Management LLC now owns 2,511,001 shares of the financial services provider’s stock valued at $83,742,000 after buying an additional 1,004,924 shares during the last quarter. Nuance Investments LLC raised its position in shares of Unum Group by 10.3% during the second quarter. Nuance Investments LLC now owns 2,483,537 shares of the financial services provider’s stock valued at $83,323,000 after buying an additional 232,087 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Unum Group by 9.5% during the second quarter. Invesco Ltd. now owns 2,414,870 shares of the financial services provider’s stock valued at $81,019,000 after buying an additional 208,543 shares during the last quarter. 96.27% of the stock is currently owned by institutional investors and hedge funds.
UNM has been the topic of several recent analyst reports. Barclays set a $36.00 price objective on shares of Unum Group and gave the company a “buy” rating in a research report on Monday, August 12th. Citigroup reduced their price objective on shares of Unum Group from $37.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. ValuEngine upgraded shares of Unum Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Morgan Stanley reduced their price objective on shares of Unum Group from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 20th. Finally, Zacks Investment Research cut shares of Unum Group from a “hold” rating to a “sell” rating and set a $32.00 price objective on the stock. in a research report on Monday. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Unum Group presently has a consensus rating of “Hold” and a consensus target price of $36.40.
Shares of Unum Group stock traded up $0.32 on Tuesday, hitting $30.16. 1,268,944 shares of the company traded hands, compared to its average volume of 1,929,224. The stock has a market capitalization of $6.19 billion, a P/E ratio of 5.80, a price-to-earnings-growth ratio of 0.61 and a beta of 1.57. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.16 and a current ratio of 0.16. Unum Group has a 52 week low of $24.71 and a 52 week high of $38.84. The business has a 50-day simple moving average of $28.58 and a 200 day simple moving average of $30.97.
Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.01). Unum Group had a return on equity of 12.31% and a net margin of 8.89%. The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the prior year, the firm posted $1.37 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Research analysts expect that Unum Group will post 5.43 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, October 28th will be given a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Friday, October 25th. Unum Group’s dividend payout ratio is presently 21.92%.
About Unum Group
Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. It operates through Unum US, Unum UK, Colonial Life, and Closed Block segments. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.
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