CIBC Asset Management Inc lowered its holdings in shares of Unum Group (NYSE:UNM) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,053 shares of the financial services provider’s stock after selling 1,425 shares during the period. CIBC Asset Management Inc’s holdings in Unum Group were worth $1,156,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cerebellum GP LLC acquired a new position in Unum Group during the fourth quarter worth about $125,000. Invictus RG acquired a new position in Unum Group during the third quarter worth about $176,000. Keel Point LLC acquired a new position in Unum Group during the third quarter worth about $202,000. Schulhoff & Co. Inc. acquired a new position in Unum Group during the third quarter worth about $204,000. Finally, Stratos Wealth Partners LTD. acquired a new position in Unum Group during the third quarter worth about $205,000. Institutional investors own 91.60% of the company’s stock.

In related news, EVP Michael Q. Simonds sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $52.09, for a total value of $260,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John F. Mcgarry sold 4,588 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $58.19, for a total transaction of $266,975.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,896 shares of company stock valued at $1,464,183. 0.53% of the stock is owned by insiders.

A number of equities analysts have issued reports on UNM shares. Goldman Sachs Group started coverage on shares of Unum Group in a research report on Wednesday, October 18th. They set a “sell” rating and a $48.00 target price for the company. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $53.00 price target on shares of Unum Group in a report on Friday, November 10th. B. Riley upgraded shares of Unum Group from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $43.00 to $52.00 in a report on Monday, November 6th. Royal Bank of Canada reiterated a “hold” rating and set a $52.00 price target on shares of Unum Group in a report on Friday, October 27th. Finally, Deutsche Bank started coverage on shares of Unum Group in a report on Tuesday, January 2nd. They set a “hold” rating and a $58.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Unum Group currently has an average rating of “Hold” and a consensus price target of $56.18.

Shares of Unum Group (UNM) opened at $49.21 on Monday. The company has a market cap of $10,951.54, a PE ratio of 11.24, a PEG ratio of 1.36 and a beta of 1.51. Unum Group has a twelve month low of $43.55 and a twelve month high of $58.73. 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 issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.84 billion. Unum Group had a net margin of 8.81% and a return on equity of 10.43%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 earnings per share. research analysts predict that Unum Group will post 5.17 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Investors of record on Monday, January 29th will be issued a $0.23 dividend. The ex-dividend date is Friday, January 26th. This represents a $0.92 dividend on an annualized basis and a yield of 1.87%. Unum Group’s payout ratio is 21.00%.

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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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Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

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