Seeyond lifted its holdings in shares of Unum Group (NYSE:UNM) by 17.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,985 shares of the financial services provider’s stock after buying an additional 3,937 shares during the quarter. Seeyond’s holdings in Unum Group were worth $872,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Hartford Financial Management Inc. acquired a new position in shares of Unum Group during the 2nd quarter worth approximately $30,000. First Mercantile Trust Co. acquired a new position in shares of Unum Group during the 1st quarter worth approximately $46,000. Oakworth Capital Inc. raised its stake in shares of Unum Group by 597.6% during the 2nd quarter. Oakworth Capital Inc. now owns 1,751 shares of the financial services provider’s stock worth $59,000 after buying an additional 1,500 shares during the period. Atlas Capital Advisors LLC raised its stake in shares of Unum Group by 743.8% during the 2nd quarter. Atlas Capital Advisors LLC now owns 2,464 shares of the financial services provider’s stock worth $83,000 after buying an additional 2,172 shares during the period. Finally, Pearl River Capital LLC acquired a new position in shares of Unum Group during the 2nd quarter worth approximately $113,000. 95.61% of the stock is owned by institutional investors and hedge funds.
Shares of UNM traded up $0.81 during trading hours on Friday, hitting $30.13. 59,279 shares of the stock were exchanged, compared to its average volume of 2,302,823. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.17 and a current ratio of 0.17. Unum Group has a 12-month low of $24.71 and a 12-month high of $40.76. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 5.79, a price-to-earnings-growth ratio of 0.58 and a beta of 1.56. The stock’s 50-day moving average price is $27.98 and its two-hundred day moving average price is $33.06.
The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, July 29th were issued a $0.285 dividend. This is a boost from Unum Group’s previous quarterly dividend of $0.26. This represents a $1.14 annualized dividend and a yield of 3.78%. The ex-dividend date was Friday, July 26th. Unum Group’s dividend payout ratio is presently 21.92%.
Several research analysts have recently weighed in on UNM shares. Credit Suisse Group started coverage on Unum Group in a research note on Wednesday, July 10th. They set an “underperform” rating for the company. Barclays set a $36.00 price target on Unum Group and gave the stock a “buy” rating in a research report on Monday, August 12th. Morgan Stanley dropped their price target on Unum Group from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. TheStreet cut Unum Group from a “b-” rating to a “c+” rating in a research report on Thursday, June 6th. Finally, Zacks Investment Research upgraded Unum Group from a “sell” rating to a “hold” rating and set a $35.00 price target for the company in a research report on Thursday, May 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Unum Group currently has a consensus rating of “Hold” and a consensus target price of $37.00.
Unum Group 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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