Quantitative Investment Management LLC decreased its stake in Unum Group (NYSE:UNM) by 68.2% during the third quarter, Holdings Channel reports. The firm owned 28,600 shares of the company’s stock after selling 61,400 shares during the period. Quantitative Investment Management LLC’s holdings in Unum Group were worth $1,009,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barometer Capital Management Inc. acquired a new position in shares of Unum Group during the second quarter valued at approximately $480,000. Nisa Investment Advisors LLC increased its position in shares of Unum Group by 30.3% in the second quarter. Nisa Investment Advisors LLC now owns 77,373 shares of the company’s stock valued at $2,460,000 after buying an additional 17,970 shares in the last quarter. MAI Capital Management increased its position in shares of Unum Group by 5.3% in the second quarter. MAI Capital Management now owns 6,862 shares of the company’s stock valued at $218,000 after buying an additional 344 shares in the last quarter. Legacy Private Trust Co. acquired a new position in shares of Unum Group during the second quarter valued at approximately $549,000. Finally, Foundry Partners LLC increased its position in shares of Unum Group by 3.8% in the second quarter. Foundry Partners LLC now owns 396,469 shares of the company’s stock valued at $12,604,000 after buying an additional 14,545 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.
Unum Group (NYSE:UNM) traded down 0.35% during mid-day trading on Friday, hitting $42.89. The stock had a trading volume of 511,403 shares. Unum Group has a 12 month low of $23.99 and a 12 month high of $43.47. The firm’s 50-day moving average is $38.04 and its 200 day moving average is $35.15. The company has a market cap of $9.96 billion, a price-to-earnings ratio of 11.25 and a beta of 1.50.
Unum Group (NYSE:UNM) last posted its earnings results on Wednesday, October 26th. The company reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.04. Unum Group had a return on equity of 10.24% and a net margin of 8.29%. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter last year, the company earned $0.83 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities analysts anticipate that Unum Group will post $3.89 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Monday, October 31st were issued a $0.20 dividend. The ex-dividend date was Thursday, October 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.87%. Unum Group’s dividend payout ratio is presently 20.94%.
UNM has been the subject of several research analyst reports. Zacks Investment Research downgraded Unum Group from a “buy” rating to a “hold” rating in a research note on Monday, October 17th. Wells Fargo & Co. initiated coverage on Unum Group in a research note on Thursday, September 22nd. They set a “market perform” rating for the company. RBC Capital Markets reiterated an “outperform” rating and set a $43.00 target price (up from $36.00) on shares of Unum Group in a research note on Tuesday, November 15th. Morgan Stanley boosted their price target on Unum Group from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Thursday, July 28th. Finally, Royal Bank Of Canada boosted their price target on Unum Group from $36.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, November 15th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $37.71.
In related news, EVP Christopher J. Jerome sold 8,000 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $41.49, for a total transaction of $331,920.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas R. Watjen sold 178,927 shares of the stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $35.56, for a total value of $6,362,644.12. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.
About Unum Group
Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The Company provides a portfolio of other insurance products, including employer and employee paid group benefits, life insurance and other related services. Its segments are Unum US, Unum UK, Colonial Life, Closed Block and Corporate.