Unum Group (UNM) Shares Sold by Principal Financial Group Inc.
Principal Financial Group Inc. lowered its holdings in Unum Group (NYSE:UNM) by 6.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,950,162 shares of the financial services provider’s stock after selling 124,927 shares during the quarter. Principal Financial Group Inc. owned approximately 0.86% of Unum Group worth $99,712,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Unum Group by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 24,407,058 shares of the financial services provider’s stock worth $1,138,102,000 after buying an additional 337,531 shares during the period. JPMorgan Chase & Co. lifted its holdings in Unum Group by 6.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,036,701 shares of the financial services provider’s stock worth $328,121,000 after buying an additional 415,909 shares during the period. LSV Asset Management lifted its holdings in Unum Group by 1.8% in the 2nd quarter. LSV Asset Management now owns 4,913,271 shares of the financial services provider’s stock worth $229,105,000 after buying an additional 88,700 shares during the period. Ameriprise Financial Inc. lifted its holdings in Unum Group by 7.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,216,005 shares of the financial services provider’s stock worth $196,593,000 after buying an additional 292,664 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Unum Group by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,288,709 shares of the financial services provider’s stock worth $153,356,000 after buying an additional 19,134 shares during the period. Institutional investors and hedge funds own 93.85% of the company’s stock.
Several equities research analysts have weighed in on the company. Barclays PLC increased their price objective on Unum Group from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, August 11th. B. Riley upgraded Unum Group from a “sell” rating to a “neutral” rating and raised their target price for the company from $43.00 to $52.00 in a research note on Monday, November 6th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $53.00 target price on shares of Unum Group in a research note on Friday. BidaskClub upgraded Unum Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research cut Unum Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $51.38.
In related news, Director E Michael Caulfield sold 3,814 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $52.42, for a total transaction of $199,929.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is owned by company insiders.
Unum Group (UNM) opened at $52.42 on Friday. Unum Group has a 52-week low of $39.63 and a 52-week high of $53.36. 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 $11,762.47, a P/E ratio of 12.60, a P/E/G ratio of 1.77 and a beta of 1.65.
Unum Group (NYSE:UNM) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.05. Unum Group had a return on equity of 10.37% and a net margin of 8.67%. The company had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the company earned $1.01 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. equities analysts forecast that Unum Group will post 4.24 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Monday, October 30th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Friday, October 27th. Unum Group’s dividend payout ratio (DPR) is presently 21.60%.
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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