Unum Group (UNM) Position Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in shares of Unum Group (NYSE:UNM) by 4.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,779,283 shares of the financial services provider’s stock after buying an additional 119,803 shares during the period. Bank of New York Mellon Corp owned 1.27% of Unum Group worth $102,806,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vident Investment Advisory LLC lifted its stake in shares of Unum Group by 3.1% during the second quarter. Vident Investment Advisory LLC now owns 64,390 shares of the financial services provider’s stock valued at $2,381,000 after buying an additional 1,910 shares during the period. Worldquant Millennium Quantitative Strategies LLC purchased a new position in shares of Unum Group during the second quarter valued at approximately $1,643,000. Strs Ohio lifted its stake in shares of Unum Group by 1,086.6% during the second quarter. Strs Ohio now owns 374,366 shares of the financial services provider’s stock valued at $13,847,000 after buying an additional 342,817 shares during the period. California Public Employees Retirement System lifted its stake in shares of Unum Group by 2.1% during the second quarter. California Public Employees Retirement System now owns 763,264 shares of the financial services provider’s stock valued at $28,233,000 after buying an additional 15,604 shares during the period. Finally, Nomura Holdings Inc. lifted its stake in shares of Unum Group by 31.9% during the second quarter. Nomura Holdings Inc. now owns 28,151 shares of the financial services provider’s stock valued at $1,042,000 after buying an additional 6,813 shares during the period. 91.08% of the stock is currently owned by institutional investors and hedge funds.

NYSE:UNM opened at $38.15 on Friday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.35. The company has a market cap of $8.15 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 0.79 and a beta of 1.32. Unum Group has a fifty-two week low of $33.27 and a fifty-two week high of $58.73.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.08. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.89 billion. Unum Group had a net margin of 4.68% and a return on equity of 12.06%. On average, equities analysts predict that Unum Group will post 5.22 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 16th. Shareholders of record on Monday, October 29th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Friday, October 26th. Unum Group’s dividend payout ratio is currently 24.24%.

UNM has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Unum Group from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Friday, October 12th. TheStreet downgraded shares of Unum Group from a “b-” rating to a “c+” rating in a research note on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $53.08.

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Unum Group Company Profile

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

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