State of Wisconsin Investment Board lowered its stake in shares of Unum Group (NYSE:UNM) by 4.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 152,351 shares of the company’s stock after selling 6,300 shares during the period. State of Wisconsin Investment Board owned approximately 0.07% of Unum Group worth $5,380,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Mizuho Asset Management Co. Ltd. raised its stake in Unum Group by 100.7% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,876 shares of the company’s stock valued at $123,000 after buying an additional 1,945 shares during the last quarter. Johnson Financial Group Inc. raised its position in shares of Unum Group by 514.2% in the second quarter. Johnson Financial Group Inc. now owns 3,906 shares of the company’s stock valued at $124,000 after buying an additional 3,270 shares during the last quarter. Bellwether Investment Group LLC bought a new position in shares of Unum Group during the second quarter valued at approximately $133,000. Point72 Asia Hong Kong Ltd bought a new position in shares of Unum Group during the second quarter valued at approximately $134,000. Finally, Pacer Advisors Inc. raised its position in shares of Unum Group by 9.8% in the second quarter. Pacer Advisors Inc. now owns 4,288 shares of the company’s stock valued at $136,000 after buying an additional 384 shares during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.
Unum Group (NYSE:UNM) traded down 0.35% during trading on Friday, reaching $42.89. 511,403 shares of the company’s stock were exchanged. The stock has a market capitalization of $9.96 billion, a PE ratio of 11.25 and a beta of 1.50. Unum Group has a 52 week low of $23.99 and a 52 week high of $43.47. The stock has a 50-day moving average of $38.04 and a 200-day moving average of $35.15.
Unum Group (NYSE:UNM) last announced its earnings results on Wednesday, October 26th. The company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.04. Unum Group had a net margin of 8.29% and a return on equity of 10.24%. The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the prior year, the firm posted $0.83 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts anticipate that Unum Group will post $3.89 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Monday, October 31st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.87%. The ex-dividend date was Thursday, October 27th. Unum Group’s dividend payout ratio is presently 20.94%.
Several equities analysts recently commented on UNM shares. Credit Suisse Group AG started coverage on shares of Unum Group in a research report on Friday, October 7th. They issued a “neutral” rating and a $42.00 price objective for the company. Zacks Investment Research raised shares of Unum Group from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Thursday, November 17th. Wells Fargo & Co. started coverage on shares of Unum Group in a research report on Thursday, September 22nd. They issued a “market perform” rating for the company. Goldman Sachs Group Inc. increased their price objective on shares of Unum Group from $30.00 to $33.00 and gave the company a “sell” rating in a research report on Friday, September 23rd. Finally, RBC Capital Markets reaffirmed an “outperform” rating and issued a $43.00 price objective (up from $36.00) on shares of Unum Group in a research report on Tuesday, November 15th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Unum Group has an average rating of “Hold” and an average target price of $37.71.
In related news, CFO John F. Mcgarry sold 12,000 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $41.44, for a total value of $497,280.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas R. Watjen sold 178,927 shares of the firm’s stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $35.56, for a total transaction of $6,362,644.12. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.
About Unum Group