Hanseatic Management Services Inc. Reduces Holdings in Unum Group (UNM)
Hanseatic Management Services Inc. cut its holdings in Unum Group (NYSE:UNM) by 34.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,482 shares of the financial services provider’s stock after selling 5,399 shares during the quarter. Hanseatic Management Services Inc.’s holdings in Unum Group were worth $536,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. BB&T Investment Services Inc. bought a new stake in Unum Group in the second quarter worth about $100,000. Jacobi Capital Management LLC bought a new stake in Unum Group in the second quarter worth about $159,000. Huntington National Bank raised its position in Unum Group by 25.8% in the second quarter. Huntington National Bank now owns 3,417 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 700 shares in the last quarter. Schulhoff & Co. Inc. bought a new stake in Unum Group in the third quarter worth about $204,000. Finally, Stratos Wealth Partners LTD. bought a new stake in Unum Group in the third quarter worth about $205,000. Hedge funds and other institutional investors own 92.31% of the company’s stock.
Shares of Unum Group (NYSE UNM) traded up $0.08 during midday trading on Thursday, hitting $52.89. The company had a trading volume of 1,795,300 shares, compared to its average volume of 1,174,782. The company has a market cap of $11,849.99, a PE ratio of 12.69, a price-to-earnings-growth ratio of 1.78 and a beta of 1.65. Unum Group has a 1-year low of $41.40 and a 1-year high of $53.36. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.29.
Unum Group (NYSE:UNM) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.09 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the business posted $1.01 EPS. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. analysts predict that Unum Group will post 4.24 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Monday, October 30th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, October 27th. This represents a $0.92 annualized dividend and a yield of 1.74%. Unum Group’s dividend payout ratio (DPR) is currently 21.60%.
Several research firms have issued reports on UNM. SunTrust Banks, Inc. restated a “buy” rating and set a $62.00 price objective on shares of Unum Group in a report on Friday, October 27th. B. Riley upgraded Unum Group from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $43.00 to $52.00 in a report on Monday, November 6th. Royal Bank Of Canada restated a “hold” rating and set a $52.00 price objective on shares of Unum Group in a report on Friday, October 27th. Keefe, Bruyette & Woods restated a “hold” rating and set a $53.00 price objective on shares of Unum Group in a report on Friday, November 10th. Finally, Wells Fargo & Company set a $48.00 price objective on Unum Group and gave the stock a “hold” rating in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Unum Group presently has a consensus rating of “Hold” and an average price target of $51.38.
In related news, Director E Michael Caulfield sold 3,814 shares of the business’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 value of $199,929.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is currently owned by insiders.
TRADEMARK VIOLATION WARNING: “Hanseatic Management Services Inc. Reduces Holdings in Unum Group (UNM)” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this article can be read at https://www.thecerbatgem.com/2017/11/16/hanseatic-management-services-inc-reduces-holdings-in-unum-group-unm.html.
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.
Want to see what other hedge funds are holding UNM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unum Group (NYSE:UNM).
Receive News & Stock Ratings for Unum Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unum Group and related stocks with our FREE daily email newsletter.