Bp Plc purchased a new position in shares of Unum Group (NYSE:UNM) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 27,000 shares of the financial services provider’s stock, valued at approximately $1,380,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. acquired a new position in Unum Group during the 3rd quarter worth approximately $1,911,000. Raymond James Financial Services Advisors Inc. boosted its position in Unum Group by 6.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 23,863 shares of the financial services provider’s stock worth $1,220,000 after acquiring an additional 1,497 shares during the last quarter. Paragon Capital Management Ltd acquired a new position in Unum Group during the 3rd quarter worth approximately $298,000. Regentatlantic Capital LLC boosted its position in Unum Group by 3.1% during the 3rd quarter. Regentatlantic Capital LLC now owns 33,043 shares of the financial services provider’s stock worth $1,689,000 after acquiring an additional 1,002 shares during the last quarter. Finally, First Midwest Bank Trust Division boosted its position in Unum Group by 10.6% during the 3rd quarter. First Midwest Bank Trust Division now owns 14,040 shares of the financial services provider’s stock worth $718,000 after acquiring an additional 1,349 shares during the last quarter. 93.26% of the stock is owned by hedge funds and other institutional investors.
Unum Group (NYSE:UNM) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.05. Unum Group had a return on equity of 10.37% and a net margin of 8.67%. The business had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the company posted $1.01 earnings per share. Unum Group’s revenue was up 2.0% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Monday, October 30th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, October 27th. This represents a $0.92 annualized dividend and a yield of 1.74%. Unum Group’s dividend payout ratio (DPR) is currently 21.60%.
In related news, Director E Michael Caulfield sold 3,814 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $52.42, for a total transaction of $199,929.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pamela H. Godwin sold 2,500 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $50.71, for a total value of $126,775.00. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.
UNM has been the subject of a number of recent research reports. Zacks Investment Research downgraded Unum Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. BidaskClub raised Unum Group from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Unum Group in a research report on Wednesday, July 12th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Unum Group in a research report on Sunday, July 30th. Finally, Barclays PLC upped their price target on Unum Group from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, August 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $51.18.
About Unum Group
Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company’s products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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