Chartwell Investment Partners LLC Acquires 1,990 Shares of Unum Group (UNM)
Chartwell Investment Partners LLC lifted its holdings in Unum Group (NYSE:UNM) by 3.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,855 shares of the financial services provider’s stock after purchasing an additional 1,990 shares during the period. Chartwell Investment Partners LLC’s holdings in Unum Group were worth $1,822,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in UNM. Panagora Asset Management Inc. grew its stake in shares of Unum Group by 5.4% in the 3rd quarter. Panagora Asset Management Inc. now owns 26,843 shares of the financial services provider’s stock worth $1,049,000 after purchasing an additional 1,370 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Unum Group by 82.1% in the third quarter. Franklin Resources Inc. now owns 71,304 shares of the financial services provider’s stock worth $2,785,000 after acquiring an additional 32,152 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Unum Group in the third quarter worth approximately $775,000. Renaissance Technologies LLC increased its position in shares of Unum Group by 4.3% in the third quarter. Renaissance Technologies LLC now owns 919,900 shares of the financial services provider’s stock worth $35,940,000 after acquiring an additional 38,084 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Unum Group by 6.9% in the third quarter. The Manufacturers Life Insurance Company now owns 223,982 shares of the financial services provider’s stock worth $8,751,000 after acquiring an additional 14,527 shares in the last quarter. 92.47% of the stock is currently owned by institutional investors.
Several research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Unum Group from a “hold” rating to a “sell” rating in a research report on Friday. TheStreet raised shares of Unum Group from a “c+” rating to a “b” rating in a research report on Friday, March 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Unum Group from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.75.
Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, February 5th. The financial services provider reported $1.30 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.01). Unum Group had a net margin of 4.51% and a return on equity of 12.69%. The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.91 billion. During the same period in the previous year, the firm posted $1.13 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts predict that Unum Group will post 5.48 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, April 29th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.82%. Unum Group’s payout ratio is presently 20.00%.
About Unum Group
Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. It operates through Unum US, Unum UK, Colonial Life, and Closed Block segments. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.
See Also: Blockchain
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 & 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 companies with MarketBeat.com's FREE daily email newsletter.