Stratos Wealth Partners LTD. acquired a new stake in Unum Group (NYSE:UNM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,016 shares of the financial services provider’s stock, valued at approximately $205,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its stake in Unum Group by 21.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,944,398 shares of the financial services provider’s stock valued at $150,548,000 after purchasing an additional 515,351 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Unum Group by 71.0% in the 3rd quarter. Teacher Retirement System of Texas now owns 133,743 shares of the financial services provider’s stock valued at $6,838,000 after purchasing an additional 55,547 shares in the last quarter. Rhumbline Advisers increased its stake in Unum Group by 1.3% in the 3rd quarter. Rhumbline Advisers now owns 429,587 shares of the financial services provider’s stock valued at $21,965,000 after purchasing an additional 5,634 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Unum Group by 38.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 228,115 shares of the financial services provider’s stock valued at $11,664,000 after purchasing an additional 63,771 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC increased its stake in Unum Group by 15.0% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 7,975 shares of the financial services provider’s stock valued at $408,000 after purchasing an additional 1,041 shares in the last quarter. 92.45% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on UNM shares. Zacks Investment Research downgraded Unum Group from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. Morgan Stanley raised their price objective on Unum Group from $52.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Unum Group in a research note on Wednesday, September 27th. Goldman Sachs Group, Inc. (The) assumed coverage on Unum Group in a report on Wednesday, October 18th. They set a “sell” rating and a $48.00 target price on the stock. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $53.00 target price on shares of Unum Group in a report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $51.38.
Unum Group (NYSE:UNM) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter last year, the firm earned $1.01 earnings per share. The business’s revenue was up 2.0% on a year-over-year basis. sell-side analysts forecast that Unum Group will post 4.24 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Monday, October 30th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, October 27th. Unum Group’s dividend payout ratio (DPR) is 21.60%.
In other news, Director E Michael Caulfield sold 3,814 shares of the firm’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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.53% of the stock is owned by company insiders.
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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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