Strs Ohio Has $3.58 Million Stock Holdings in Unum Group $UNM

Strs Ohio lifted its holdings in shares of Unum Group (NYSE:UNM) by 12.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,360 shares of the financial services provider’s stock after buying an additional 4,814 shares during the period. Strs Ohio’s holdings in Unum Group were worth $3,583,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Advisors Capital Management LLC raised its holdings in shares of Unum Group by 2.2% in the 1st quarter. Advisors Capital Management LLC now owns 6,308 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 136 shares during the period. Waterfront Wealth Inc. raised its holdings in shares of Unum Group by 0.5% in the 2nd quarter. Waterfront Wealth Inc. now owns 29,350 shares of the financial services provider’s stock valued at $2,370,000 after purchasing an additional 158 shares during the period. Ritholtz Wealth Management raised its holdings in shares of Unum Group by 0.4% in the 2nd quarter. Ritholtz Wealth Management now owns 42,327 shares of the financial services provider’s stock valued at $3,418,000 after purchasing an additional 160 shares during the period. UMB Bank n.a. raised its holdings in shares of Unum Group by 4.4% in the 2nd quarter. UMB Bank n.a. now owns 4,016 shares of the financial services provider’s stock valued at $324,000 after purchasing an additional 168 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Unum Group by 14.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,465 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 183 shares during the period. 86.57% of the stock is owned by institutional investors.

Unum Group Stock Performance

Shares of NYSE:UNM opened at $73.41 on Monday. The company’s 50 day moving average price is $74.96 and its two-hundred day moving average price is $76.90. Unum Group has a 12-month low of $63.84 and a 12-month high of $84.48. The firm has a market cap of $12.50 billion, a PE ratio of 8.78, a PEG ratio of 1.23 and a beta of 0.36. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31.

Unum Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 24th will be given a $0.46 dividend. The ex-dividend date is Friday, October 24th. This represents a $1.84 dividend on an annualized basis and a yield of 2.5%. Unum Group’s dividend payout ratio (DPR) is currently 22.01%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on UNM shares. Wolfe Research raised shares of Unum Group to a “strong-buy” rating in a report on Tuesday, September 16th. Morgan Stanley upped their target price on shares of Unum Group from $79.00 to $81.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Barclays upped their target price on shares of Unum Group from $92.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Wells Fargo & Company lowered their price target on shares of Unum Group from $100.00 to $98.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Unum Group in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Unum Group presently has an average rating of “Moderate Buy” and an average target price of $94.75.

Unum Group Company Profile

Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, Poland, and internationally. It operates through Unum US, Unum International, Colonial Life, and Closed Block segment. 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.