ETRADE Capital Management LLC raised its stake in Unum Group (NYSE:UNM) by 17.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,523 shares of the financial services provider’s stock after acquiring an additional 1,126 shares during the period. ETRADE Capital Management LLC’s holdings in Unum Group were worth $385,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. Keel Point LLC bought a new stake in shares of Unum Group during the third quarter worth $202,000. Oppenheimer & Co. Inc. grew its holdings in shares of Unum Group by 15.5% during the third quarter. Oppenheimer & Co. Inc. now owns 50,836 shares of the financial services provider’s stock worth $2,599,000 after purchasing an additional 6,813 shares during the last quarter. Norinchukin Bank The grew its holdings in shares of Unum Group by 3.4% during the third quarter. Norinchukin Bank The now owns 47,682 shares of the financial services provider’s stock worth $2,438,000 after purchasing an additional 1,562 shares during the last quarter. ING Groep NV bought a new stake in shares of Unum Group during the third quarter worth $997,000. Finally, Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Unum Group by 10.4% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 10,613 shares of the financial services provider’s stock worth $543,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.
In other Unum Group news, EVP Christopher J. Jerome sold 7,849 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $53.24, for a total value of $417,880.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director E Michael Caulfield sold 3,814 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $52.42, for a total value of $199,929.88. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.
Unum Group (NYSE:UNM) last released its earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share for the quarter, beating the 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 firm had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the firm posted $1.01 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. sell-side analysts expect that Unum Group will post 4.24 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Monday, October 30th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.63%. The ex-dividend date was Friday, October 27th. Unum Group’s payout ratio is 21.60%.
Several analysts have recently commented on UNM shares. Morgan Stanley increased their target price on Unum Group from $52.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. Zacks Investment Research upgraded Unum Group from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Wednesday, September 6th. SunTrust Banks reiterated a “buy” rating and issued a $62.00 price target on shares of Unum Group in a report on Friday, October 27th. ValuEngine upgraded Unum Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, BidaskClub cut Unum Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Unum Group presently has an average rating of “Hold” and a consensus price target of $53.27.
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Unum Group Profile
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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