Unum Group (UNM) Reaches New 12-Month Low at $29.89

Shares of Unum Group (NYSE:UNM) hit a new 52-week low on Friday . The company traded as low as $29.89 and last traded at $29.81, with a volume of 71247 shares. The stock had previously closed at $30.35.

A number of brokerages have weighed in on UNM. TheStreet cut Unum Group from a “b-” rating to a “c+” rating in a research report on Wednesday, October 24th. Zacks Investment Research raised Unum Group from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Friday, October 12th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $53.08.

The company has a debt-to-equity ratio of 0.35, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market capitalization of $6.49 billion, a P/E ratio of 6.92, a PEG ratio of 0.63 and a beta of 1.30.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.89 billion. Unum Group had a return on equity of 12.06% and a net margin of 4.68%. Equities analysts expect that Unum Group will post 5.23 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 16th. Stockholders of record on Monday, October 29th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, October 26th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.50%. Unum Group’s payout ratio is presently 24.24%.

Several institutional investors have recently bought and sold shares of UNM. Donald Smith & CO. Inc. increased its stake in shares of Unum Group by 158.2% in the second quarter. Donald Smith & CO. Inc. now owns 5,328,092 shares of the financial services provider’s stock worth $197,086,000 after purchasing an additional 3,264,382 shares during the period. Nuance Investments LLC increased its stake in shares of Unum Group by 224.9% in the second quarter. Nuance Investments LLC now owns 1,802,312 shares of the financial services provider’s stock worth $66,668,000 after purchasing an additional 1,247,604 shares during the period. Schroder Investment Management Group increased its stake in shares of Unum Group by 40.8% in the third quarter. Schroder Investment Management Group now owns 2,761,483 shares of the financial services provider’s stock worth $107,891,000 after purchasing an additional 800,414 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in shares of Unum Group by 108,665.3% in the third quarter. Thompson Siegel & Walmsley LLC now owns 793,987 shares of the financial services provider’s stock worth $31,022,000 after purchasing an additional 793,257 shares during the period. Finally, Investec Asset Management LTD increased its stake in shares of Unum Group by 18.4% in the second quarter. Investec Asset Management LTD now owns 4,753,433 shares of the financial services provider’s stock worth $175,829,000 after purchasing an additional 739,037 shares during the period. Institutional investors and hedge funds own 90.38% of the company’s stock.

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Unum Group Company Profile (NYSE:UNM)

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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