Delphi Management Inc. MA acquired a new stake in Unum Group (NYSE:UNM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 48,580 shares of the financial services provider’s stock, valued at approximately $2,484,000. Unum Group accounts for about 1.4% of Delphi Management Inc. MA’s holdings, making the stock its 27th biggest position.
Several other hedge funds also recently modified their holdings of the company. Gotham Asset Management LLC lifted its holdings in shares of Unum Group by 0.8% in the 2nd quarter. Gotham Asset Management LLC now owns 4,475 shares of the financial services provider’s stock valued at $209,000 after buying an additional 35 shares during the period. Quantum Capital Management lifted its holdings in shares of Unum Group by 0.4% in the 2nd quarter. Quantum Capital Management now owns 15,174 shares of the financial services provider’s stock valued at $708,000 after buying an additional 54 shares during the period. HM Payson & Co. lifted its holdings in shares of Unum Group by 0.5% in the 2nd quarter. HM Payson & Co. now owns 12,527 shares of the financial services provider’s stock valued at $584,000 after buying an additional 62 shares during the period. Newman Dignan & Sheerar Inc. lifted its holdings in shares of Unum Group by 0.6% in the 2nd quarter. Newman Dignan & Sheerar Inc. now owns 15,954 shares of the financial services provider’s stock valued at $744,000 after buying an additional 100 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Unum Group by 2.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,386 shares of the financial services provider’s stock valued at $251,000 after buying an additional 113 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.
In other Unum Group news, EVP Christopher J. Jerome sold 7,849 shares of the business’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director E Michael Caulfield sold 3,814 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $52.42, for a total value of $199,929.88. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.
Unum Group (NYSE UNM) traded down $1.46 during midday trading on Thursday, reaching $54.94. The company had a trading volume of 2,318,500 shares, compared to its average volume of 1,182,777. The firm has a market cap of $12,653.30, a PE ratio of 13.56, a price-to-earnings-growth ratio of 1.91 and a beta of 1.66. Unum Group has a 12 month low of $42.90 and a 12 month high of $57.55. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.29.
Unum Group (NYSE:UNM) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Unum Group had a return on equity of 10.37% and a net margin of 8.67%. Unum Group’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 EPS. equities analysts anticipate that Unum Group will post 4.23 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Monday, October 30th were issued a $0.23 dividend. The ex-dividend date was Friday, October 27th. This represents a $0.92 dividend on an annualized basis and a yield of 1.67%. Unum Group’s payout ratio is 21.60%.
UNM has been the subject of several analyst reports. Zacks Investment Research cut Unum Group from a “buy” rating to a “hold” rating in a report on Monday, September 4th. SunTrust Banks reissued a “buy” rating and issued a $62.00 price objective on shares of Unum Group in a report on Friday, October 27th. Morgan Stanley boosted their price objective on Unum Group from $52.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, October 5th. Wells Fargo & Company set a $48.00 price objective on Unum Group and gave the company a “hold” rating in a report on Wednesday, October 25th. Finally, Goldman Sachs Group initiated coverage on Unum Group in a report on Wednesday, October 18th. They issued a “sell” rating and a $48.00 price objective for the company. Two research 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. The stock currently has a consensus rating of “Hold” and a consensus target price of $54.00.
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Unum Group Profile
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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