Rhumbline Advisers Buys 5,634 Shares of Unum Group (UNM)
Rhumbline Advisers lifted its stake in Unum Group (NYSE:UNM) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 429,587 shares of the financial services provider’s stock after acquiring an additional 5,634 shares during the period. Rhumbline Advisers owned 0.19% of Unum Group worth $21,965,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gotham Asset Management LLC raised its position in shares of Unum Group by 0.8% in the 2nd quarter. Gotham Asset Management LLC now owns 4,475 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 35 shares in the last quarter. Quantum Capital Management raised its position in shares of Unum Group by 0.4% in the 2nd quarter. Quantum Capital Management now owns 15,174 shares of the financial services provider’s stock worth $708,000 after acquiring an additional 54 shares in the last quarter. HM Payson & Co. raised its position in shares of Unum Group by 0.5% in the 2nd quarter. HM Payson & Co. now owns 12,527 shares of the financial services provider’s stock worth $584,000 after acquiring an additional 62 shares in the last quarter. Honkamp Krueger Financial Services Inc. raised its position in shares of Unum Group by 0.3% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 26,338 shares of the financial services provider’s stock worth $1,228,000 after acquiring an additional 81 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Unum Group by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 14,200 shares of the financial services provider’s stock worth $662,000 after acquiring an additional 100 shares in the last quarter. 92.45% of the stock is owned by hedge funds and other institutional investors.
In other Unum Group news, Director E Michael Caulfield sold 3,814 shares of the business’s stock in a transaction dated 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 filing with the SEC, which is accessible through this hyperlink. 0.53% of the stock is currently owned by insiders.
Shares of Unum Group (NYSE:UNM) opened at $53.46 on Monday. 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 $12,000.00, a PE ratio of 12.85, a price-to-earnings-growth ratio of 1.80 and a beta of 1.65. Unum Group has a one year low of $42.00 and a one year high of $53.61.
Unum Group (NYSE:UNM) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.05. The business had revenue of $2.82 billion for 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 company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 EPS. equities research analysts forecast that Unum Group will post 4.24 earnings per share for the current year.
The company also recently declared 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. The ex-dividend date of this dividend was Friday, October 27th. This represents a $0.92 annualized dividend and a yield of 1.72%. Unum Group’s payout ratio is presently 21.60%.
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Several research analysts have recently commented on UNM shares. Zacks Investment Research lowered Unum Group from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. Morgan Stanley boosted their target price on Unum Group from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 5th. SunTrust Banks, Inc. restated a “buy” rating and set a $58.00 target price on shares of Unum Group in a research note on Wednesday, September 27th. Goldman Sachs Group, Inc. (The) assumed coverage on Unum Group in a research note on Wednesday, October 18th. They set a “sell” rating and a $48.00 target price on the stock. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $53.00 target price on shares of Unum Group in a research note on Friday, November 10th. Two equities research 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 stock. The company presently has a consensus rating of “Hold” and an average price target of $51.38.
About Unum Group
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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