Oppenheimer Asset Management Inc. boosted its position in Unum Group (NYSE:UNM) by 12.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,402 shares of the financial services provider’s stock after purchasing an additional 6,691 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Unum Group were worth $1,976,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in shares of Unum Group by 21.5% in the fourth quarter. BlackRock Inc. now owns 19,837,098 shares of the financial services provider’s stock worth $582,815,000 after buying an additional 3,516,140 shares during the last quarter. Donald Smith & CO. Inc. raised its stake in Unum Group by 4.5% during the 4th quarter. Donald Smith & CO. Inc. now owns 5,805,447 shares of the financial services provider’s stock valued at $170,564,000 after purchasing an additional 250,095 shares during the last quarter. LSV Asset Management raised its stake in Unum Group by 1.4% during the 4th quarter. LSV Asset Management now owns 5,606,649 shares of the financial services provider’s stock valued at $164,723,000 after purchasing an additional 76,984 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Unum Group by 8.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,875,403 shares of the financial services provider’s stock valued at $143,237,000 after purchasing an additional 396,764 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Unum Group by 15.1% during the 4th quarter. Geode Capital Management LLC now owns 3,344,324 shares of the financial services provider’s stock valued at $98,111,000 after purchasing an additional 438,390 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.
Several equities analysts recently commented on the stock. TheStreet raised shares of Unum Group from a “c+” rating to a “b” rating in a report on Friday, March 8th. Zacks Investment Research raised shares of Unum Group from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Finally, ValuEngine raised shares of Unum Group from a “strong sell” rating to a “sell” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Unum Group has a consensus rating of “Hold” and an average price target of $48.40.
NYSE:UNM traded down $0.73 during mid-day trading on Wednesday, reaching $34.58. 1,487,660 shares of the company were exchanged, compared to its average volume of 1,961,669. Unum Group has a 12 month low of $26.76 and a 12 month high of $41.28. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.33. The firm has a market cap of $7.37 billion, a P/E ratio of 6.65, a P/E/G ratio of 0.71 and a beta of 1.48.
Unum Group (NYSE:UNM) last released its earnings results on Tuesday, April 30th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.31. Unum Group had a net margin of 4.54% and a return on equity of 12.91%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the company posted $1.24 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. As a group, equities analysts predict that Unum Group will post 5.45 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Monday, April 29th were given a $0.26 dividend. The ex-dividend date of this dividend was Friday, April 26th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.01%. Unum Group’s dividend payout ratio is 20.00%.
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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