New York State Common Retirement Fund Cuts Stake in Unum Group (UNM)

New York State Common Retirement Fund lowered its stake in shares of Unum Group (NYSE:UNM) by 6.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 682,650 shares of the financial services provider’s stock after selling 50,190 shares during the period. New York State Common Retirement Fund owned about 0.30% of Unum Group worth $34,904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in UNM. BB&T Investment Services Inc. purchased a new stake in Unum Group during the 2nd quarter valued at about $100,000. Jacobi Capital Management LLC purchased a new stake in Unum Group during the 2nd quarter valued at about $159,000. Schulhoff & Co. Inc. purchased a new stake in Unum Group during the 3rd quarter valued at about $204,000. Gotham Asset Management LLC grew its stake in Unum Group by 0.8% during the 2nd quarter. Gotham Asset Management LLC now owns 4,475 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 35 shares in the last quarter. Finally, Koch Industries Inc. purchased a new stake in Unum Group during the 2nd quarter valued at about $209,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Unum Group (UNM) traded up $0.71 during trading on Friday, hitting $57.49. 775,639 shares of the stock traded hands, compared to its average volume of 1,330,000. Unum Group has a twelve month low of $42.90 and a twelve month high of $57.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market cap of $12,900.00, a PE ratio of 13.65, a price-to-earnings-growth ratio of 1.92 and a beta of 1.66.

Unum Group (NYSE:UNM) last posted its quarterly 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 net margin of 8.67% and a return on equity of 10.37%. The business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the prior year, the company posted $1.01 EPS. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. research analysts forecast that Unum Group will post 4.23 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Monday, October 30th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, October 27th. This represents a $0.92 annualized dividend and a dividend yield of 1.60%. Unum Group’s dividend payout ratio (DPR) is 21.60%.

In other news, Director E Michael Caulfield sold 3,814 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $52.42, for a total value of $199,929.88. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Christopher J. Jerome sold 7,849 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $53.24, for a total transaction of $417,880.76. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.

Several brokerages recently issued reports on UNM. BidaskClub raised shares of Unum Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th. Wells Fargo & Company set a $48.00 price objective on shares of Unum Group and gave the company a “hold” rating in a research note on Wednesday, October 25th. SunTrust Banks reaffirmed a “buy” rating and set a $58.00 price objective on shares of Unum Group in a research note on Wednesday, September 27th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $52.00 price objective on shares of Unum Group in a research note on Friday, October 27th. Finally, Zacks Investment Research cut shares of Unum Group from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. 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 assigned a strong buy rating to the company’s stock. Unum Group has an average rating of “Hold” and an average target price of $53.27.

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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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Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

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