Oppenheimer Asset Management Inc. decreased its position in shares of Unum Group (NYSE:UNM) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,987 shares of the financial services provider’s stock after selling 2,138 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Unum Group were worth $3,374,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. BB&T Investment Services Inc. bought a new stake in Unum Group during the second quarter worth about $100,000. Jacobi Capital Management LLC bought a new stake in Unum Group during the second quarter worth about $159,000. Invictus RG bought a new stake in Unum Group during the third quarter worth about $176,000. Keel Point LLC bought a new stake in Unum Group during the third quarter worth about $202,000. Finally, Schulhoff & Co. Inc. bought a new stake in Unum Group during the third quarter worth about $204,000. 91.77% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Christopher J. Jerome sold 7,849 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $53.24, for a total value of $417,880.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director E Michael Caulfield sold 3,814 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $52.42, for a total value of $199,929.88. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.
Shares of Unum Group (UNM) traded up $0.70 during midday trading on Monday, reaching $57.49. The company’s stock had a trading volume of 775,600 shares, compared to its average volume of 1,172,070. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market capitalization of $12,900.13, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 1.94 and a beta of 1.66. Unum Group has a 12-month low of $42.90 and a 12-month high of $57.50.
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 Thomson Reuters’ consensus estimate of $1.04 by $0.05. The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.82 billion. Unum Group had a return on equity of 10.37% and a net margin of 8.67%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.01 earnings per share. equities research analysts forecast that Unum Group will post 4.23 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Monday, October 30th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.60%. The ex-dividend date was Friday, October 27th. Unum Group’s payout ratio is 21.60%.
Several research firms recently weighed in on UNM. SunTrust Banks reaffirmed a “buy” rating and set a $62.00 price objective on shares of Unum Group in a research report on Friday, October 27th. B. Riley raised shares of 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 reissued a “hold” rating and set a $52.00 target price on shares of Unum Group in a research note on Friday, October 27th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $53.00 target price on shares of Unum Group in a research note on Friday, November 10th. Finally, Wells Fargo & Company set a $48.00 target price on Unum Group and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $53.27.
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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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