Pictet Asset Management Ltd. lifted its stake in Unum Group (NYSE:UNM) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 270,805 shares of the financial services provider’s stock after purchasing an additional 2,856 shares during the period. Pictet Asset Management Ltd. owned approximately 0.12% of Unum Group worth $10,580,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in UNM. Stratos Wealth Partners LTD. acquired a new stake in shares of Unum Group in the third quarter valued at about $117,000. Signaturefd LLC lifted its stake in shares of Unum Group by 95.1% in the second quarter. Signaturefd LLC now owns 3,313 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 1,615 shares during the period. Focused Wealth Management Inc lifted its stake in shares of Unum Group by 12,500.0% in the second quarter. Focused Wealth Management Inc now owns 3,528 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 3,500 shares during the period. Tuttle Tactical Management acquired a new stake in shares of Unum Group in the second quarter valued at about $166,000. Finally, Exane Asset Management acquired a new stake in shares of Unum Group in the second quarter valued at about $195,000. Hedge funds and other institutional investors own 90.38% of the company’s stock.
NYSE:UNM opened at $32.25 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.35. Unum Group has a twelve month low of $31.43 and a twelve month high of $58.73. The stock has a market cap of $7.35 billion, a price-to-earnings ratio of 7.52, a price-to-earnings-growth ratio of 0.72 and a beta of 1.30.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 16th. Shareholders of record on Monday, October 29th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, October 26th. This represents a $1.04 annualized dividend and a yield of 3.22%. Unum Group’s dividend payout ratio (DPR) is currently 24.24%.
UNM has been the subject of several recent analyst reports. TheStreet cut shares of Unum Group from a “b-” rating to a “c+” rating in a research note on Wednesday, October 24th. Zacks Investment Research upgraded shares of Unum Group from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Friday, October 12th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $53.08.
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About Unum Group
Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. It operates through Unum US, Unum UK, Colonial Life, and Closed Block segments. 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.
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