State Treasurer State of Michigan reduced its stake in Unum Group (NYSE:UNM) by 1.3% during the first quarter, HoldingsChannel reports. The firm owned 61,869 shares of the financial services provider’s stock after selling 800 shares during the quarter. State Treasurer State of Michigan’s holdings in Unum Group were worth $2,093,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in Unum Group during the 1st quarter worth approximately $688,000. Prudential Financial Inc. lifted its position in shares of Unum Group by 249.9% in the 4th quarter. Prudential Financial Inc. now owns 2,515,315 shares of the financial services provider’s stock worth $73,900,000 after purchasing an additional 1,796,405 shares during the period. Stanley Laman Group Ltd. lifted its position in shares of Unum Group by 2.4% in the 4th quarter. Stanley Laman Group Ltd. now owns 14,983 shares of the financial services provider’s stock worth $440,000 after purchasing an additional 347 shares during the period. North Star Investment Management Corp. lifted its position in shares of Unum Group by 182.4% in the 1st quarter. North Star Investment Management Corp. now owns 2,090 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 1,350 shares during the period. Finally, Quantum Capital Management lifted its position in shares of Unum Group by 32.8% in the 4th quarter. Quantum Capital Management now owns 20,259 shares of the financial services provider’s stock worth $595,000 after purchasing an additional 5,008 shares during the period. Institutional investors own 92.37% of the company’s stock.

UNM has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Unum Group from a “c+” rating to a “b” rating in a research report on Friday, March 8th. Zacks Investment Research lowered shares of Unum Group from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. Finally, ValuEngine upgraded shares of Unum Group from a “strong sell” rating to a “sell” rating in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $48.40.

Shares of NYSE:UNM traded up $0.60 during mid-day trading on Tuesday, hitting $35.36. The company had a trading volume of 21,887 shares, compared to its average volume of 1,974,068. The firm has a market capitalization of $7.37 billion, a P/E ratio of 6.80, a P/E/G ratio of 0.71 and a beta of 1.48. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.33. Unum Group has a one year low of $26.76 and a one year high of $41.28.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.31 earnings per share for the quarter, meeting the consensus estimate of $1.31. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.99 billion. Unum Group had a net margin of 4.54% and a return on equity of 12.91%. Unum Group’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.24 EPS. On average, analysts anticipate that Unum Group will post 5.45 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Monday, April 29th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, April 26th. This represents a $1.04 dividend on an annualized basis and a yield of 2.94%. Unum Group’s dividend payout ratio (DPR) is presently 20.00%.

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Unum Group Profile

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.

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

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